MEG Non Current Assets Total vs Total Current Assets Analysis
MEG Stock | CAD 29.59 0.05 0.17% |
MEG Energy financial indicator trend analysis is infinitely more than just investigating MEG Energy Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MEG Energy Corp is a good investment. Please check the relationship between MEG Energy Non Current Assets Total and its Total Current Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MEG Energy Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Non Current Assets Total vs Total Current Assets
Non Current Assets Total vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MEG Energy Corp Non Current Assets Total account and Total Current Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between MEG Energy's Non Current Assets Total and Total Current Assets is -0.15. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of MEG Energy Corp, assuming nothing else is changed. The correlation between historical values of MEG Energy's Non Current Assets Total and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of MEG Energy Corp are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Non Current Assets Total i.e., MEG Energy's Non Current Assets Total and Total Current Assets go up and down completely randomly.
Correlation Coefficient | -0.15 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from MEG Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MEG Energy Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MEG Energy Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, MEG Energy's Tax Provision is very stable compared to the past year. As of the 3rd of June 2024, Enterprise Value Over EBITDA is likely to grow to 5.49, while Selling General Administrative is likely to drop about 91 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 243M | 182M | 114M | 181.4M | Depreciation And Amortization | 450M | 507M | 583.1M | 339.4M |
MEG Energy fundamental ratios Correlations
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MEG Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MEG Energy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 299M | 302M | 311M | 309M | 281.4M | 255.7M | |
Total Assets | 7.9B | 7.2B | 7.6B | 7.0B | 6.9B | 8.2B | |
Short Long Term Debt Total | 3.4B | 3.2B | 3.0B | 1.8B | 2.1B | 3.3B | |
Other Current Liab | 157M | 135M | 92M | 61M | 24M | 22.8M | |
Total Current Liabilities | 558M | 442M | 899M | 654M | 584M | 469.7M | |
Total Stockholder Equity | 3.9B | 3.5B | 3.8B | 4.4B | 4.5B | 4.3B | |
Property Plant And Equipment Net | 6.7B | 6.1B | 6.0B | 5.9B | 5.8B | 6.8B | |
Net Debt | 3.2B | 3.1B | 2.7B | 1.6B | 964M | 915.8M | |
Retained Earnings | (1.8B) | (2.2B) | (1.9B) | (988M) | (531M) | (557.6M) | |
Cash | 206M | 114M | 361M | 192M | 160M | 152M | |
Non Current Assets Total | 7.2B | 6.7B | 6.5B | 6.1B | 6.0B | 7.1B | |
Cash And Short Term Investments | 206M | 114M | 361M | 192M | 172.8M | 164.2M | |
Net Receivables | 361M | 263M | 482M | 475M | 21M | 20.0M | |
Liabilities And Stockholders Equity | 7.9B | 7.2B | 7.6B | 7.0B | 8.1B | 8.2B | |
Non Current Liabilities Total | 3.5B | 3.3B | 2.9B | 2.0B | 1.8B | 3.4B | |
Inventory | 93M | 96M | 157M | 185M | 235M | 246.8M | |
Other Current Assets | 21M | 24M | 50M | 91M | 104.7M | 109.9M | |
Other Stockholder Equity | 182M | 177M | 172M | 169M | 152.1M | 144.5M | |
Total Liab | 4.0B | 3.7B | 3.8B | 2.7B | 2.4B | 3.9B | |
Property Plant And Equipment Gross | 6.7B | 6.1B | 10.1B | 10.4B | 10.9B | 7.7B | |
Total Current Assets | 681M | 497M | 1.1B | 943M | 862M | 801.3M | |
Accumulated Other Comprehensive Income | 29M | 27M | 25M | 38M | 43.7M | 45.9M | |
Short Term Debt | 22M | 28M | 307M | 20M | 23M | 38.4M | |
Accounts Payable | 379M | 279M | 500M | 573M | 475M | 498.8M | |
Intangible Assets | 9M | 7M | 5M | 4M | 3.6M | 3.4M | |
Common Stock Total Equity | 5.4B | 5.4B | 5.4B | 5.5B | 6.3B | 5.6B | |
Common Stock | 5.4B | 5.5B | 5.5B | 5.2B | 5.9B | 5.6B | |
Other Liab | 73M | 106M | 165M | 191M | 171.9M | 156.0M | |
Net Tangible Assets | 3.8B | 3.5B | 3.8B | 4.4B | 3.9B | 3.2B | |
Other Assets | 480M | 602M | 534M | 187M | 215.1M | 325.1M | |
Long Term Debt | 3.1B | 2.9B | 2.5B | 1.6B | 1.1B | 1.1B | |
Deferred Long Term Liab | 15.5M | 16M | 12M | 8M | 7.2M | 9.2M | |
Short Long Term Debt | 15.5M | 17M | 285M | 3M | 2.7M | 2.6M | |
Property Plant Equipment | 6.7B | 6.1B | 6.0B | 5.9B | 5.3B | 5.9B | |
Long Term Debt Total | 3.4B | 3.2B | 2.7B | 1.8B | 1.6B | 3.0B | |
Capital Surpluse | 182M | 177M | 172M | 169M | 194.4M | 189.3M | |
Net Invested Capital | 7.0B | 6.4B | 6.6B | 6.0B | 5.7B | 5.5B |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MEG Energy Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the MEG Energy Corp information on this page should be used as a complementary analysis to other MEG Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for MEG Stock analysis
When running MEG Energy's price analysis, check to measure MEG Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MEG Energy is operating at the current time. Most of MEG Energy's value examination focuses on studying past and present price action to predict the probability of MEG Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MEG Energy's price. Additionally, you may evaluate how the addition of MEG Energy to your portfolios can decrease your overall portfolio volatility.
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