MEG Energy Corp
MEG Energy Corp. operates as an oil sands development company. The company offers situ thermal oil production in its Christina Lake Project in the southern Athabasca oil region of Alberta, Canada. The company develops oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the recovery of oil. It also transports and sells thermal oil in North America and i… Read more
MEG Energy Corp (MEGEF) - Total Assets
Latest total assets as of September 2025: $6.98 Billion USD
Based on the latest financial reports, MEG Energy Corp (MEGEF) holds total assets worth $6.98 Billion USD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
MEG Energy Corp - Total Assets Trend (2008–2024)
This chart illustrates how MEG Energy Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
MEG Energy Corp - Asset Composition Analysis
Current Asset Composition (December 2024)
MEG Energy Corp's total assets of $6.98 Billion consist of 12.7% current assets and 87.3% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 2.3% |
| Accounts Receivable | $421.00 Million | 6.2% |
| Inventory | $258.00 Million | 3.8% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $3.00 Million | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2008–2024)
This chart illustrates how MEG Energy Corp's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: MEG Energy Corp's current assets represent 12.7% of total assets in 2024, an increase from 10.2% in 2008.
- Cash Position: Cash and equivalents constituted 2.3% of total assets in 2024, down from 7.7% in 2008.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2008.
- Asset Diversification: The largest asset category is accounts receivable at 6.2% of total assets.
MEG Energy Corp Competitors by Total Assets
Key competitors of MEG Energy Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Aker BP ASA
PINK:AKRBF
|
USA | $42.88 Billion |
|
Jadestone Energy plc
PINK:JDSEF
|
USA | $1.12 Billion |
|
Helium Evolution Incorporated
PINK:HEEVF
|
USA | $21.95 Million |
|
One Step Vending Corp
PINK:KOSK
|
USA | $578.00K |
|
Melbana Energy Ltd
AU:MAY
|
Australia | AU$80.17 Million |
|
Black Rock Petroleum Co
PINK:BKRP
|
USA | $1.39K |
|
West Texas Resources Inc
PINK:WTXR
|
USA | $150.96K |
|
Shanxi Blue Flame Holding Co Ltd
SHE:000968
|
China | CN¥11.13 Billion |
MEG Energy Corp - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - MEG Energy Corp generates 0.85x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Solid ROA - For every $100 in assets, MEG Energy Corp generates $7.52 in net profit.
MEG Energy Corp - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.73 | 1.55 | 1.12 |
| Quick Ratio | 1.17 | 1.01 | 0.91 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $381.00 Million | $ 287.00 Million | $ 55.00 Million |
MEG Energy Corp - Advanced Valuation Insights
This section examines the relationship between MEG Energy Corp's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.64 |
| Latest Market Cap to Assets Ratio | 0.37 |
| Asset Growth Rate (YoY) | -2.2% |
| Total Assets | $6.74 Billion |
| Market Capitalization | $2.47 Billion USD |
Valuation Analysis
Below Book Valuation: The market values MEG Energy Corp's assets below their book value (0.37 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: MEG Energy Corp's assets decreased by 2.2% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for MEG Energy Corp (2008–2024)
The table below shows the annual total assets of MEG Energy Corp from 2008 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $6.74 Billion | -2.23% |
| 2023-12-31 | $6.90 Billion | -1.92% |
| 2022-12-31 | $7.03 Billion | -7.38% |
| 2021-12-31 | $7.59 Billion | +5.11% |
| 2020-12-31 | $7.22 Billion | -8.16% |
| 2019-12-31 | $7.87 Billion | -6.47% |
| 2018-12-31 | $8.41 Billion | -10.18% |
| 2017-12-31 | $9.36 Billion | +4.96% |
| 2016-12-31 | $8.92 Billion | -5.10% |
| 2015-12-31 | $9.40 Billion | -5.34% |
| 2014-12-31 | $9.93 Billion | +5.11% |
| 2013-12-31 | $9.45 Billion | +17.82% |
| 2012-12-31 | $8.02 Billion | +29.31% |
| 2011-12-31 | $6.20 Billion | +22.96% |
| 2010-12-31 | $5.04 Billion | +18.12% |
| 2009-12-31 | $4.27 Billion | +36.72% |
| 2008-12-31 | $3.12 Billion | -- |