MEG Energy (TSX:MEG) Change In Working Capital : C$158 Mil (TTM As of Sep. 2024)

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What is MEG Energy Change In Working Capital?

MEG Energy's change in working capital for the quarter that ended in Sep. 2024 was C$79 Mil.

MEG Energy's change in working capital for the fiscal year that ended in Dec. 2023 was C$-127 Mil.

It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement. Not by calculating the number changes in each periods' working capital (Total Current Assets minus Total Current Liabilities).

MEG Energy Change In Working Capital Historical Data

The historical data trend for MEG Energy's Change In Working Capital 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 Change In Working Capital Chart

MEG Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Working Capital

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-118.00

63.00

-63.00

6.00

-127.00

MEG Energy Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Working Capital	Get a 7-Day Free Trial															-160.00	178.00	-12.00	-87.00	79.00

MEG Energy Change In Working Capital Calculation

Change In Working Capital for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$158 Mil.

Working Capital is a measure of a company's short term liquidity or its ability to cover short term liabilities. It is defined as the difference between a company's current assets and current liabilities.

Changes in Working Capital is reported in the cash flow statement since it is one of the major ways in which net income can differ from operating cash flow. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement.

Use Wal-Mart Stores Inc (Jan 2014, Annual Data) as an example: Source: Wal-Mart Stores Inc 2014-01-31 10-K from SEC

Consolidated Statements of Cash Flows	Fiscal Years Ended	January 31,	(Amounts in millions)
Cash flows from operating activities:	2014	2013	2012
Changes in certain assets and liabilities, net of effects of acquisitions:
Receivables, net	(566)	(614)	(796)
Inventories	(1,667)	(2,759)	(3,727)
Accounts payable	531	1,061	2,687
Accrued liabilities	103	271	(935)
Accrued income taxes	(1,224)	981	994

For 2014-01-31, add all the items under 2014 collum together, Change in Working Capital was (566) + (1,667) + 531 + 103 + (1,224) = $ (2,823) Mil.

MEG Energy Change In Working Capital Related Terms

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MEG Energy Business Description

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MEGEF:USA ME7:Germany ME7:Germany

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 at its Christina Lake Project 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.

Executives

Michael Mcallister	Director
David Michael Granger	Senior Officer
James D. Mcfarland	Director
Mark Anand Telang	Senior Officer
Diana Janet Mcqueen	Director
Susan Mary Mackenzie	Director
Kimberley Elizabeth Lynch Proctor	Director
Ryan Michael Kubik	Senior Officer
Robert Bruce Hodgins	Director
Thomas Richard Gear	Senior Officer
Michael Joseph Dlugan	Senior Officer
James Vincent Campbell	Senior Officer
Gary Bosgoed	Director
Lyle Stephen Yuzdepski	Senior Officer
Derek Watson Evans	Director, Senior Officer