Cenovus Energy Balance Sheet Health

Financial Health criteria checks 5/6

Cenovus Energy has a total shareholder equity of CA$28.7B and total debt of CA$7.3B, which brings its debt-to-equity ratio to 25.4%. Its total assets and total liabilities are CA$53.9B and CA$25.2B respectively. Cenovus Energy's EBIT is CA$5.4B making its interest coverage ratio 14.6. It has cash and short-term investments of CA$2.2B.

Key information

25.4%

Debt to equity ratio

CA$7.29b

Debt

Interest coverage ratio	14.6x
Cash	CA$2.23b
Equity	CA$28.71b
Total liabilities	CA$25.20b
Total assets	CA$53.92b

Recent financial health updates

Is Cenovus Energy (TSE:CVE) Using Too Much Debt?

Apr 14

Here's Why Cenovus Energy (TSE:CVE) Can Manage Its Debt Responsibly

Jan 05

These 4 Measures Indicate That Cenovus Energy (TSE:CVE) Is Using Debt Reasonably Well

Sep 30

Cenovus Energy (TSE:CVE) Seems To Use Debt Rather Sparingly

Feb 13

Cenovus Energy (TSE:CVE) Has A Pretty Healthy Balance Sheet

Oct 11

Recent updates

These 4 Measures Indicate That Cenovus Energy (TSE:CVE) Is Using Debt Reasonably Well

Sep 30

Here's Why Cenovus Energy (TSE:CVE) Has Caught The Eye Of Investors

May 01

A Look At The Intrinsic Value Of Cenovus Energy Inc. (TSE:CVE)

Mar 16

Cenovus Energy (TSE:CVE) Seems To Use Debt Rather Sparingly

Feb 13

Cenovus Energy (TSE:CVE) Has A Pretty Healthy Balance Sheet

Oct 11

Does Cenovus Energy (TSE:CVE) Deserve A Spot On Your Watchlist?

Aug 19

Financial Position Analysis

Short Term Liabilities: CVE's short term assets (CA$9.7B) exceed its short term liabilities (CA$6.2B).

Long Term Liabilities: CVE's short term assets (CA$9.7B) do not cover its long term liabilities (CA$19.0B).

Debt to Equity History and Analysis

Debt Level: CVE's net debt to equity ratio (17.6%) is considered satisfactory.

Reducing Debt: CVE's debt to equity ratio has reduced from 52.5% to 25.4% over the past 5 years.

Debt Coverage: CVE's debt is well covered by operating cash flow (101.4%).

Interest Coverage: CVE's interest payments on its debt are well covered by EBIT (14.6x coverage).

Balance Sheet

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Cenovus Energy Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

Is Cenovus Energy (TSE:CVE) Using Too Much Debt?

Here's Why Cenovus Energy (TSE:CVE) Can Manage Its Debt Responsibly

These 4 Measures Indicate That Cenovus Energy (TSE:CVE) Is Using Debt Reasonably Well

Cenovus Energy (TSE:CVE) Seems To Use Debt Rather Sparingly

Cenovus Energy (TSE:CVE) Has A Pretty Healthy Balance Sheet

Recent updates

Is Cenovus Energy (TSE:CVE) Using Too Much Debt?

President recently bought CA$1.5m worth of stock

Executive VP & COO exercised options and sold CA$3.5m worth of stock

Insider exercised options and sold CA$1.0m worth of stock

President recently bought CA$1.2m worth of stock

Upcoming dividend of CA$0.14 per share

Is Cenovus Energy Inc. (TSE:CVE) Trading At A 50% Discount?

Consensus EPS estimates fall by 17%

President recently bought CA$1.2m worth of stock

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Consensus EPS estimates increase by 10%, revenue downgraded

Cenovus Energy Inc. to Report Q4, 2023 Results on Feb 15, 2024

Cenovus Energy Inc., Annual General Meeting, May 01, 2024

Take Care Before Diving Into The Deep End On Cenovus Energy Inc. (TSE:CVE)

Consensus EPS estimates fall by 12%

Here's Why Cenovus Energy (TSE:CVE) Can Manage Its Debt Responsibly

Athabasca Oil Corporation Provides Executive Update for Duvernay Energy Corporation

Cenovus Energy Inc. Provides Production Guidance for the Year 2024

Upcoming dividend of CA$0.14 per share at 2.5% yield

Are Investors Undervaluing Cenovus Energy Inc. (TSE:CVE) By 35%?

Third quarter 2023 earnings: EPS in line with expectations, revenues disappoint

Cenovus Energy Inc. Declares Quarterly Base Dividend Payable on December 29,2023

Cenovus Energy Inc. to Report Q3, 2023 Results on Nov 02, 2023

These 4 Measures Indicate That Cenovus Energy (TSE:CVE) Is Using Debt Reasonably Well

Executive VP & Chief Commercial Officer exercised options and sold CA$4.3m worth of stock

Upcoming dividend of CA$0.14 per share at 2.4% yield

Insider exercised options and sold CA$3.3m worth of stock

Insider exercised options and sold CA$2.8m worth of stock

High number of new directors

Cenovus Energy Inc. Announces Management Changes, Effective September 1, 2023

Cenovus Energy Inc. to Report Q2, 2023 Results on Jul 27, 2023

Cenovus Energy Inc. Provides an Update on Its Conventional Production Operations

Here's Why Cenovus Energy (TSE:CVE) Has Caught The Eye Of Investors

Executive Vice President of Downstream recently bought CA$222k worth of stock

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Insider exercised options and sold CA$604k worth of stock

A Look At The Intrinsic Value Of Cenovus Energy Inc. (TSE:CVE)

Investor sentiment deteriorates as stock falls 15%

Executive VP & COO exercised options and sold CA$5.7m worth of stock

Executive VP & COO recently bought CA$1.3m worth of stock

Upcoming dividend of CA$0.10 per share at 2.0% yield

Executive VP & COO recently bought CA$1.2m worth of stock

Full year 2022 earnings: Revenues miss analyst expectations

Cenovus Energy Inc. Announces Executive Changes

Cenovus Energy (TSE:CVE) Seems To Use Debt Rather Sparingly

Cenovus Energy Inc. to Report Q4, 2022 Results on Feb 16, 2023

Cenovus Energy Inc., Annual General Meeting, Apr 26, 2023

Cenovus Energy Inc. Appoints Melanie A. Little to Its Board of Directors, Effective January 1, 2023

Upcoming dividend of CA$0.10 per share

High number of new directors

Upcoming dividend of CA$0.11 per share

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Cenovus Energy Inc. to Report Q3, 2022 Results on Nov 02, 2022

Consensus revenue estimates fall by 11%

Executive VP & COO recently bought CA$1.3m worth of stock

Cenovus Energy (TSE:CVE) Has A Pretty Healthy Balance Sheet

Investor sentiment deteriorated over the past week

CEO, President & Director exercised options and sold CA$5.0m worth of stock

Upcoming dividend of CA$0.10 per share

Executive VP & COO exercised options and sold CA$1.9m worth of stock

Does Cenovus Energy (TSE:CVE) Deserve A Spot On Your Watchlist?

Executive VP & COO recently bought CA$1.1m worth of stock

Cenovus Energy Inc. (TSX:CVE) entered into an agreement to acquire a 50% stake in the Husky Toledo Refinery from BP p.l.c. (LSE:BP.) for $300 million.

Cenovus Energy Inc. (TSX:CVE) entered into an agreement to acquire a 50% stake in the Husky Toledo Refinery from BP p.l.c. (LSE:BP.) for $300 million.

Investor sentiment deteriorated over the past week

An unknown buyer acquired an unknown stake in Headwater Exploration Inc. (TSX:HWX) from Cenovus Energy Inc. (TSX:CVE) for CAD 110 million.

Second quarter 2022 earnings: Revenues miss analyst expectations

Cenovus Energy Inc. to Report Q2, 2022 Results on Jul 28, 2022

Consensus forecasts updated

Independent Chairman of the Board recently bought CA$873k worth of stock