MEG Energy (TSX:MEG) Debt-to-Equity : 0.31 (As of Dec. 2023)

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What is MEG Energy Debt-to-Equity?

MEG Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$15 Mil. MEG Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1,368 Mil. MEG Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$4,527 Mil. MEG Energy's debt to equity for the quarter that ended in Dec. 2023 was 0.31.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for MEG Energy's Debt-to-Equity or its related term are showing as below:

TSX:MEG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.91 Max: 1.54
Current: 0.31

During the past 13 years, the highest Debt-to-Equity Ratio of MEG Energy was 1.54. The lowest was 0.31. And the median was 0.91.

TSX:MEG's Debt-to-Equity is ranked better than
59.88% of 830 companies
in the Oil & Gas industry
Industry Median: 0.44 vs TSX:MEG: 0.31

MEG Energy Debt-to-Equity Historical Data

The historical data trend for MEG Energy's Debt-to-Equity 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.

* Premium members only.

MEG Energy Debt-to-Equity Chart

MEG Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.88

0.91

0.80

0.42

0.31

MEG Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.42	0.39	0.36	0.34	0.31

Competitive Comparison of MEG Energy's Debt-to-Equity

For the Oil & Gas E&P subindustry, MEG Energy's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

MEG Energy's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, MEG Energy's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where MEG Energy's Debt-to-Equity falls into.

MEG Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MEG Energy's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(15	+	1368)	/	4527
	=	0.31

MEG Energy's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(15	+	1368)	/	4527
	=	0.31

MEG Energy (TSX:MEG) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

MEG Energy Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of MEG Energy's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

MEG Energy (TSX:MEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MEG Energy Corp (TSX:MEG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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