MEG Energy (MEG Energy) LT-Debt-to-Total-Asset : 0.20 (As of Dec. 2023)

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What is MEG Energy LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. MEG Energy's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.20.

MEG Energy's long-term debt to total assets ratio declined from Dec. 2022 (0.26) to Dec. 2023 (0.20). It may suggest that MEG Energy is progressively becoming less dependent on debt to grow their business.

MEG Energy LT-Debt-to-Total-Asset Historical Data

The historical data trend for MEG Energy's LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset Chart

MEG Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.43

0.44

0.36

0.26

0.20

MEG Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.26	0.24	0.23	0.22	0.20

MEG Energy LT-Debt-to-Total-Asset Calculation

MEG Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	1019.678	/	5141.622
	=	0.20

MEG Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	1019.678	/	5141.622
	=	0.20

MEG Energy (OTCPK:MEGEF) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

MEG Energy LT-Debt-to-Total-Asset Related Terms

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MEG Energy (MEG Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MEG Energy Corp (OTCPK:MEGEF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

ME7:Germany MEG:Canada

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.

MEG Energy (MEG Energy) Headlines

From GuruFocus

Highfields Capital Announces Resignation of Daniel Farb from the Board of Directors of MEG Energy Corp.

By PRNewswire PRNewswire • 07-25-2018