MEG Energy (TSX:MEG) Interest Expense : C$-114 Mil (TTM As of Dec. 2023)

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What is MEG Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MEG Energy's interest expense for the three months ended in Dec. 2023 was C$ -13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was C$-114 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. MEG Energy's Operating Income for the three months ended in Dec. 2023 was C$ 195 Mil. MEG Energy's Interest Expense for the three months ended in Dec. 2023 was C$ -13 Mil. MEG Energy's Interest Coverage for the quarter that ended in Dec. 2023 was 15.00. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

MEG Energy Interest Expense Historical Data

The historical data trend for MEG Energy's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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MEG Energy Interest Expense Chart

MEG Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-293.00

-267.00

-243.00

-164.00

-114.00

MEG Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-20.00	-35.00	-34.00	-32.00	-13.00

MEG Energy Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-114 Mil.

MEG Energy (TSX:MEG) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

MEG Energy's Interest Expense for the three months ended in Dec. 2023 was C$-13 Mil. Its Operating Income for the three months ended in Dec. 2023 was C$195 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was C$1,368 Mil.

MEG Energy's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	195	/	-13
	=	15.00

The higher the ratio, the stronger the company's financial strength is.

MEG Energy (TSX:MEG) Business Description

Industry

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MEGEF:USA ME7:Germany

Address

600 - 3rd Avenue South West, 21st Floor Mail Room, Calgary, AB, CAN, T2P 0G5

Website

https://www.megenergy.com

MEG Energy Corp is an energy company focused on sustainable in situ thermal oil production in the southern Athabasca oil region of Alberta, Canada. MEG transports and sells thermal oil (known as Access Western Blend or AWB) to customers throughout North America and internationally.

Executives

David Michael Granger

Senior Officer