Midcoast Energy Partners Balance Sheet - Annual (NYSE:MEP)

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$7.95 $0.05 (0.62%) MEP stock closing price Apr 26, 2017 (Closing)

The financial analysis of a company involves interpreting the income statement, balance sheet and cash flow statements of the company to draw insights like we've done in our Midcoast Energy Partners stock analysis. All three financial statements should be used to measure the financial performance of the company, and should form a part of the Midcoast Energy Partners stock analysis. Annual results are typically accompanied with the company releasing financial statements. Midcoast Energy Partners had a long term debt of $818.5M at the end of 2016. To understand the debt servicing capacity of the company, one needs to look at Midcoast Energy Partners operating cash flow and Midcoast Energy Partners revenue also. Midcoast Energy Partners debt to equity ratio is .

View latest 10 year balance sheet data to check Midcoast Energy Partners financial performance.
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Fiscal year is Jan - Dec2016201520142013201220112010
Marketable Securities-------
Raw Materials28.1M31.9M81.5M88M---
Work In Progress-------
Finished Goods-------
Notes Receivable-------
Other Current Assets64.9M165.5M227.8M673.9M296M175.3M-
Total Current Assets
Property Plant & Equipment5.38B5.4B5.26B5.05B4.8B4.37B-
Accumulated Depreciation1.27B1.17B1.1B967.9M835.9M714.3M-
Net Property Plant & Equipment
Investment & Advances360.7M372.3M380.6M371.3M183.7M10.7M-
Other Non-Current Assets-------
Deferred Charges-------
Deposits & Other Assets48.3M97M142.3M40.5M88.8M132.1M-
Total Assets
Notes Payable-------
Accounts Payable78.1M97.8M118.8M114.7M314.5M224.8M-
Current Portion Long-Term Debt-------
Current Portion Capital Leases-------
Accrued Expenses171.8M143.8M375.2M463.3M494.3M482.4M-
Income Taxes Payable17.2M18.4M20.9M19.8M16.4M16.4M-
Other Current Liabilities34.8M45.7M41.1M534.3M41.3M22.4M-
Total Current Liabilities
Deferred Taxes/Income-------
Convertible Debt-------
Long-Term Debt818.5M890M760M335M---
Non-Current Capital Leases-------
Other Long-Term Liabilities25.8M45.9M41.5M16.6M86.7M139.5M-
Total Liabilities
Minority Interest-------
Preferred Stock-------
Common Stock Net490.3M565.5M682M537.5M4.71B4.28B-
Capital Surplus-------
Retained Earnings-------
Treasury Stock-------
Other Liabilities3.28B3.47B3.71B4.02B7.1M-28.7M-
Shareholders Equity3.77B4.03B4.4B4.55B4.71B4.25B-
Total Liabilities & Shareholders Equity4.92B5.27B5.75B6.04B5.67B5.13B-
All figures in USD. M: Millions of USD, B: Billions of USD.
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Apart from balance sheet items, an investor would do well to keep track of the Midcoast Energy Partners stock price by looking at Midcoast Energy Partners historical stock prices. One can compare PE with industry average by looking at the Midcoast Energy Partners PE ratio chart. The common balance sheet items are:

  • Assets: MEP total assets, which was at $4.92B for 2016 is a balance sheet item representing value of what Midcoast Energy Partners owns. Assets are brought to aid a firms operations, or to increase its economic value. It must be noted that tech stocks may not have a lot of assets, as the value for these companies is often derived from future earning potential.
  • Liabilities: The total liabilities of Midcoast Energy Partners for the year 2016 total to $1.15B. Liabilities for a company like Midcoast Energy Partners include bank loans, services which have been availed for which a settlement in the form of cash/ asset transfer needs to be done in future etc. A firm takes on such obligations to grow its business which in turn will generate future economic benefits for its business.