MEG Energy Corp (MEG) - Total Assets
Based on the latest financial reports, MEG Energy Corp (MEG) holds total assets worth CA$6.98 Billion CAD (≈ $5.05 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. Check MEG cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
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 MEG Energy Corp (MEG) long-term investment share to see how much of total assets are deployed in long-term investments.
MEG Energy Corp - Asset Composition Analysis
Current Asset Composition (December 2024)
MEG Energy Corp's total assets of CA$6.98 Billion consist of 12.7% current assets and 87.3% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 2.3% |
| Accounts Receivable | CA$9.00 Million | 0.1% |
| Inventory | CA$258.00 Million | 3.8% |
| Property, Plant & Equipment | CA$5.68 Billion | 84.3% |
| Intangible Assets | CA$3.00 Million | 0.0% |
| Goodwill | CA$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. For live market cap, price, and company overview, see MEG Energy Corp stock valuation.
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 property, plant & equipment at 84.3% 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 |
|---|---|---|
|
Woodside Energy Group Ltd
NYSE:WDS
|
USA | $66.50 Billion |
|
Aker BP ASA
OL:AKRBP
|
Norway | Nkr42.88 Billion |
|
Santos Ltd
AU:STO
|
Australia | AU$32.05 Billion |
|
ARC Resources Ltd.
TO:ARX
|
Canada | CA$14.18 Billion |
|
Tamarack Valley Energy Ltd
TO:TVE
|
Canada | CA$3.47 Billion |
|
Vista Energy S.A.B. de C.V.
BA:VIST
|
Argentina | AR$7.72 Billion |
|
Spartan Delta Corp
TO:SDE
|
Canada | CA$1.35 Billion |
|
Beach Energy Ltd
AU:BPT
|
Australia | AU$5.42 Billion |
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 | CA$381.00 Million | CA$287.00 Million | CA$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 | 1.65 |
| Latest Market Cap to Assets Ratio | 0.84 |
| Asset Growth Rate (YoY) | -2.2% |
| Total Assets | CA$6.74 Billion |
| Market Capitalization | $5.68 Billion USD |
Valuation Analysis
Near Book Valuation: The market values MEG Energy Corp's assets close to their book value (0.84x), suggesting investors view the company's assets at approximately fair value.
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 | CA$6.74 Billion ≈ $4.88 Billion |
-2.23% |
| 2023-12-31 | CA$6.90 Billion ≈ $4.99 Billion |
-1.92% |
| 2022-12-31 | CA$7.03 Billion ≈ $5.09 Billion |
-7.38% |
| 2021-12-31 | CA$7.59 Billion ≈ $5.49 Billion |
+5.11% |
| 2020-12-31 | CA$7.22 Billion ≈ $5.23 Billion |
-8.16% |
| 2019-12-31 | CA$7.87 Billion ≈ $5.69 Billion |
-6.46% |
| 2018-12-31 | CA$8.41 Billion ≈ $6.08 Billion |
-10.19% |
| 2017-12-31 | CA$9.36 Billion ≈ $6.77 Billion |
+4.96% |
| 2016-12-31 | CA$8.92 Billion ≈ $6.45 Billion |
-5.10% |
| 2015-12-31 | CA$9.40 Billion ≈ $6.80 Billion |
-5.34% |
| 2014-12-31 | CA$9.93 Billion ≈ $7.18 Billion |
+5.11% |
| 2013-12-31 | CA$9.45 Billion ≈ $6.83 Billion |
+17.82% |
| 2012-12-31 | CA$8.02 Billion ≈ $5.80 Billion |
+29.31% |
| 2011-12-31 | CA$6.20 Billion ≈ $4.49 Billion |
+23.59% |
| 2010-12-31 | CA$5.02 Billion ≈ $3.63 Billion |
+17.52% |
| 2009-12-31 | CA$4.27 Billion ≈ $3.09 Billion |
+36.72% |
| 2008-12-31 | CA$3.12 Billion ≈ $2.26 Billion |
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About 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