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Meren EnergyTSX:MER 31 Debt-to-EBITDA is 1.65 as of Mar. 2026, which is 158% above its 10-year median of 0.64. GuruFocus rates TSX:MER with a GF Score™ of 31/100. The stock has 5 warning signs investors should review. Among 705 Oil & Gas companies, Meren Energy ranks better than 59.86% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Meren Energy's Debt-to-EBITDA or its related term are showing as below:
TSX:MER'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.02 Med: 0.64 Max: 12.03
Current: 1.5
During the past 13 years, the highest Debt-to-EBITDA Ratio of Meren Energy was 12.03. The lowest was -0.02. And the median was 0.64.
TSX:MER's Debt-to-EBITDA is ranked better than 59.86% of 705
companies
in the Oil & Gas industry
Industry Median: 2.04
vs TSX:MER: 1.50
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Meren Energy Debt-to-EBITDA Related Terms
Meren Energy Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Meren Energy's Debt-to-EBITDA 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.
TSX:MER vs COP, EOG, FANG: Debt-to-EBITDA Comparison
For the Oil & Gas E&P subindustry, Meren Energy's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.
Meren Energy Debt-to-EBITDA vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Meren Energy's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Meren Energy's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Meren Energy (TSX:MER) has a Debt-to-EBITDA of 1.65 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Meren Energy. This is 158% above median its historical median of 0.64. According to the industry distribution chart, Meren Energy ranks #283 out of 705 companies in the Oil & Gas industry, placing it in the top 40.1%.
Is Meren Energy's Debt-to-EBITDA too high?
Meren Energy's current Debt-to-EBITDA of 1.65 is 158% above median its 10-year median of 0.64. The Oil & Gas industry median Debt-to-EBITDA is 2.04. Meren Energy's value of 1.65 is 19.1% below this industry median. Based on the distribution chart, Meren Energy ranks #283 out of 705 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Meren Energy has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Meren Energy's Debt-to-EBITDA compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Meren Energy ranks #283 out of 705 companies for Debt-to-EBITDA. This puts Meren Energy in the upper half of its industry. The industry median Debt-to-EBITDA is 2.04. Meren Energy's value of 1.65 is 19.1% below this benchmark. While the company's 10-year median is 0.64 vs. the industry median of 2.04, Meren Energy has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for an Oil & Gas company?
The median Debt-to-EBITDA among Oil & Gas companies is 2.04, based on 705 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Meren Energy's current Debt-to-EBITDA of 1.65 is 19.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Meren Energy. For the Oil & Gas industry, the median Debt-to-EBITDA is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meren Energy's current Debt-to-EBITDA is 1.65, which is 158% above median its own 10-year median of 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meren Energy stock overvalued right now?
Meren Energy (TSX:MER) has a current Debt-to-EBITDA of 1.65. The current Debt-to-EBITDA is 1.65, which is 158% above median its 10-year median of 0.64 and 19.1% below the Oil & Gas industry median of 2.04. Meren Energy's overall GF Score™ is 31/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Meren Energy (TSX:MER), the current Debt-to-EBITDA is 1.65 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Meren Energy Inc is an Independent upstream oil and gas company with interests offshore Nigeria, Namibia, South Africa, and Equatorial Guinea. The development assets of the company are in deepwater Nigeria operated by Majors. The Company holds a forward position in the Orange Basin, including its interest in the Venus light oil project, offshore Namibia, and its direct interest in Block 3B/4B, offshore South Africa.
31GF Score
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