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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/04/28 01:51 |
| End of Day Share Price | 2023/01/29 00:00 |
| Earnings | 2022/12/31 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
MEG Energy Corp. is covered by 39 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Patrick O'Rourke | ATB Capital Markets |
| Thomas Driscoll | Barclays |
| Randy Ollenberger | BMO Capital Markets Equity Research |