MEG Energy Balance Sheet Health
Financial Health criteria checks 5/6
MEG Energy has a total shareholder equity of CA$4.4B and total debt of CA$1.6B, which brings its debt-to-equity ratio to 36.1%. Its total assets and total liabilities are CA$7.0B and CA$2.7B respectively. MEG Energy's EBIT is CA$1.6B making its interest coverage ratio 8.7. It has cash and short-term investments of CA$205.0M.
Key information
36.1%
Debt to equity ratio
CA$1.58b
Debt
| Interest coverage ratio | 8.7x |
| Cash | CA$205.00m |
| Equity | CA$4.38b |
| Total liabilities | CA$2.65b |
| Total assets | CA$7.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MEG N's short term assets (CA$943.0M) exceed its short term liabilities (CA$654.0M).
Long Term Liabilities: MEG N's short term assets (CA$943.0M) do not cover its long term liabilities (CA$2.0B).
Debt to Equity History and Analysis
Debt Level: MEG N's net debt to equity ratio (31.4%) is considered satisfactory.
Reducing Debt: MEG N's debt to equity ratio has reduced from 118.3% to 36.1% over the past 5 years.
Debt Coverage: MEG N's debt is well covered by operating cash flow (119.4%).
Interest Coverage: MEG N's interest payments on its debt are well covered by EBIT (8.7x coverage).