MEG Short Long Term Debt Total vs Common Stock Shares Outstanding 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 Short Long Term Debt Total and its Common Stock Shares Outstanding 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.

Short Long Term Debt Total vs Common Stock Shares Outstanding

Short Long Term Debt Total vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MEG Energy Corp Short Long Term Debt Total account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have very week relationship.
The correlation between MEG Energy's Short Long Term Debt Total and Common Stock Shares Outstanding is 0.25. Overlapping area represents the amount of variation of Short Long Term Debt Total that can explain the historical movement of Common Stock Shares Outstanding 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 Short Long Term Debt Total and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt Total of MEG Energy Corp are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Short Long Term Debt Total i.e., MEG Energy's Short Long Term Debt Total and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.25
Relationship DirectionPositive 
Relationship StrengthVery Weak

Short Long Term Debt Total

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
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 Expense243M182M114M181.4M
Depreciation And Amortization450M507M583.1M339.4M

MEG Energy fundamental ratios Correlations

0.390.25-0.160.790.340.360.31-0.69-0.430.430.9-0.430.670.20.570.36-0.570.30.66-0.160.36-0.490.6-0.590.75
0.390.880.540.270.610.960.71-0.240.110.960.20.080.190.880.24-0.21-0.630.910.540.14-0.02-0.27-0.170.31-0.02
0.250.880.520.010.180.940.9-0.45-0.120.950.23-0.160.120.990.04-0.26-0.550.990.36-0.21-0.04-0.4-0.350.3-0.11
-0.160.540.52-0.190.220.490.470.040.490.46-0.350.47-0.050.57-0.48-0.39-0.050.55-0.160.32-0.30.23-0.810.43-0.5
0.790.270.01-0.190.480.160.03-0.34-0.150.220.63-0.130.69-0.040.590.23-0.480.090.70.190.69-0.190.68-0.490.59
0.340.610.180.220.480.43-0.070.330.450.41-0.010.450.050.170.47-0.02-0.380.240.510.67-0.050.120.220.170.16
0.360.960.940.490.160.430.82-0.34-0.10.990.27-0.140.170.940.25-0.16-0.660.960.55-0.11-0.08-0.42-0.210.310.0
0.310.710.90.470.03-0.070.82-0.66-0.30.850.38-0.340.350.9-0.09-0.26-0.530.90.33-0.420.02-0.48-0.350.22-0.09
-0.69-0.24-0.450.04-0.340.33-0.34-0.660.64-0.42-0.830.64-0.6-0.42-0.06-0.130.44-0.46-0.290.59-0.340.51-0.180.49-0.41
-0.430.11-0.120.49-0.150.45-0.1-0.30.64-0.15-0.720.99-0.21-0.08-0.45-0.530.42-0.1-0.350.91-0.140.63-0.440.52-0.61
0.430.960.950.460.220.410.990.85-0.42-0.150.35-0.190.220.940.27-0.13-0.690.960.56-0.15-0.03-0.46-0.160.240.06
0.90.20.23-0.350.63-0.010.270.38-0.83-0.720.35-0.710.590.170.520.45-0.570.250.61-0.50.41-0.60.6-0.610.78
-0.430.08-0.160.47-0.130.45-0.14-0.340.640.99-0.19-0.71-0.23-0.12-0.47-0.510.38-0.14-0.360.93-0.150.74-0.410.47-0.59
0.670.190.12-0.050.690.050.170.35-0.6-0.210.220.59-0.230.110.11-0.08-0.290.20.4-0.060.52-0.30.39-0.340.18
0.20.880.990.57-0.040.170.940.9-0.42-0.080.940.17-0.120.11-0.02-0.28-0.520.990.31-0.19-0.09-0.37-0.410.35-0.18
0.570.240.04-0.480.590.470.25-0.09-0.06-0.450.270.52-0.470.11-0.020.58-0.510.060.75-0.170.25-0.520.75-0.370.73
0.36-0.21-0.26-0.390.23-0.02-0.16-0.26-0.13-0.53-0.130.45-0.51-0.08-0.280.58-0.22-0.250.3-0.320.07-0.280.47-0.550.66
-0.57-0.63-0.55-0.05-0.48-0.38-0.66-0.530.440.42-0.69-0.570.38-0.29-0.52-0.51-0.22-0.58-0.660.23-0.140.24-0.30.12-0.41
0.30.910.990.550.090.240.960.9-0.46-0.10.960.25-0.140.20.990.06-0.25-0.580.4-0.160.0-0.39-0.320.29-0.11
0.660.540.36-0.160.70.510.550.33-0.29-0.350.560.61-0.360.40.310.750.3-0.660.4-0.090.36-0.490.51-0.170.58
-0.160.14-0.210.320.190.67-0.11-0.420.590.91-0.15-0.50.93-0.06-0.19-0.17-0.320.23-0.16-0.090.020.65-0.110.27-0.32
0.36-0.02-0.04-0.30.69-0.05-0.080.02-0.34-0.14-0.030.41-0.150.52-0.090.250.07-0.140.00.360.02-0.150.44-0.270.23
-0.49-0.27-0.40.23-0.190.12-0.42-0.480.510.63-0.46-0.60.74-0.3-0.37-0.52-0.280.24-0.39-0.490.65-0.15-0.270.2-0.43
0.6-0.17-0.35-0.810.680.22-0.21-0.35-0.18-0.44-0.160.6-0.410.39-0.410.750.47-0.3-0.320.51-0.110.44-0.27-0.620.73
-0.590.310.30.43-0.490.170.310.220.490.520.24-0.610.47-0.340.35-0.37-0.550.120.29-0.170.27-0.270.2-0.62-0.73
0.75-0.02-0.11-0.50.590.160.0-0.09-0.41-0.610.060.78-0.590.18-0.180.730.66-0.41-0.110.58-0.320.23-0.430.73-0.73
Click cells to compare fundamentals

MEG Energy Account Relationship Matchups

MEG Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding299M302M311M309M281.4M255.7M
Total Assets7.9B7.2B7.6B7.0B6.9B8.2B
Short Long Term Debt Total3.4B3.2B3.0B1.8B2.1B3.3B
Other Current Liab157M135M92M61M24M22.8M
Total Current Liabilities558M442M899M654M584M469.7M
Total Stockholder Equity3.9B3.5B3.8B4.4B4.5B4.3B
Property Plant And Equipment Net6.7B6.1B6.0B5.9B5.8B6.8B
Net Debt3.2B3.1B2.7B1.6B964M915.8M
Retained Earnings(1.8B)(2.2B)(1.9B)(988M)(531M)(557.6M)
Cash206M114M361M192M160M152M
Non Current Assets Total7.2B6.7B6.5B6.1B6.0B7.1B
Cash And Short Term Investments206M114M361M192M172.8M164.2M
Net Receivables361M263M482M475M21M20.0M
Liabilities And Stockholders Equity7.9B7.2B7.6B7.0B8.1B8.2B
Non Current Liabilities Total3.5B3.3B2.9B2.0B1.8B3.4B
Inventory93M96M157M185M235M246.8M
Other Current Assets21M24M50M91M104.7M109.9M
Other Stockholder Equity182M177M172M169M152.1M144.5M
Total Liab4.0B3.7B3.8B2.7B2.4B3.9B
Property Plant And Equipment Gross6.7B6.1B10.1B10.4B10.9B7.7B
Total Current Assets681M497M1.1B943M862M801.3M
Accumulated Other Comprehensive Income29M27M25M38M43.7M45.9M
Short Term Debt22M28M307M20M23M38.4M
Accounts Payable379M279M500M573M475M498.8M
Intangible Assets9M7M5M4M3.6M3.4M
Common Stock Total Equity5.4B5.4B5.4B5.5B6.3B5.6B
Common Stock5.4B5.5B5.5B5.2B5.9B5.6B
Other Liab73M106M165M191M171.9M156.0M
Net Tangible Assets3.8B3.5B3.8B4.4B3.9B3.2B
Other Assets480M602M534M187M215.1M325.1M
Long Term Debt3.1B2.9B2.5B1.6B1.1B1.1B
Deferred Long Term Liab15.5M16M12M8M7.2M9.2M
Short Long Term Debt15.5M17M285M3M2.7M2.6M
Property Plant Equipment6.7B6.1B6.0B5.9B5.3B5.9B
Long Term Debt Total3.4B3.2B2.7B1.8B1.6B3.0B
Capital Surpluse182M177M172M169M194.4M189.3M
Net Invested Capital7.0B6.4B6.6B6.0B5.7B5.5B

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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.
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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

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Please note, there is a significant difference between MEG Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if MEG Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MEG Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.