MEG Energy Balance Sheet Health
Financial Health criteria checks 5/6
MEG Energy has a total shareholder equity of CA$4.6B and total debt of CA$804.0M, which brings its debt-to-equity ratio to 17.4%. Its total assets and total liabilities are CA$6.7B and CA$2.1B respectively. MEG Energy's EBIT is CA$830.0M making its interest coverage ratio 9.7. It has cash and short-term investments of CA$179.0M.
Key information
17.4%
Debt to equity ratio
CA$804.00m
Debt
| Interest coverage ratio | 9.7x |
| Cash | CA$179.00m |
| Equity | CA$4.61b |
| Total liabilities | CA$2.08b |
| Total assets | CA$6.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MEGE.F's short term assets (CA$810.0M) exceed its short term liabilities (CA$523.0M).
Long Term Liabilities: MEGE.F's short term assets (CA$810.0M) do not cover its long term liabilities (CA$1.6B).
Debt to Equity History and Analysis
Debt Level: MEGE.F's net debt to equity ratio (13.5%) is considered satisfactory.
Reducing Debt: MEGE.F's debt to equity ratio has reduced from 85.1% to 17.4% over the past 5 years.
Debt Coverage: MEGE.F's debt is well covered by operating cash flow (194.7%).
Interest Coverage: MEGE.F's interest payments on its debt are well covered by EBIT (9.7x coverage).