Cenovus Energy Balance Sheet Health
Financial Health criteria checks 5/6
Cenovus Energy has a total shareholder equity of CA$29.6B and total debt of CA$7.3B, which brings its debt-to-equity ratio to 24.7%. Its total assets and total liabilities are CA$54.7B and CA$25.1B respectively. Cenovus Energy's EBIT is CA$5.0B making its interest coverage ratio 18.6. It has cash and short-term investments of CA$3.1B.
Key information
24.7%
Debt to equity ratio
CA$7.30b
Debt
| Interest coverage ratio | 18.6x |
| Cash | CA$3.10b |
| Equity | CA$29.61b |
| Total liabilities | CA$25.08b |
| Total assets | CA$54.68b |
Recent financial health updates
Is Cenovus Energy (TSE:CVE) A Risky Investment?
Aug 19
Is Cenovus Energy (TSE:CVE) Using Too Much Debt?
Apr 14Here's Why Cenovus Energy (TSE:CVE) Can Manage Its Debt Responsibly
Jan 05These 4 Measures Indicate That Cenovus Energy (TSE:CVE) Is Using Debt Reasonably Well
Sep 30Cenovus Energy (TSE:CVE) Seems To Use Debt Rather Sparingly
Feb 13Recent updates
Investors Continue Waiting On Sidelines For Cenovus Energy Inc. (TSE:CVE)
Oct 21Is Now The Time To Put Cenovus Energy (TSE:CVE) On Your Watchlist?
Oct 05Is Cenovus Energy (TSE:CVE) A Risky Investment?
Aug 19Cenovus Energy Inc. (TSE:CVE) Shares Could Be 46% Below Their Intrinsic Value Estimate
Jul 20Market Cool On Cenovus Energy Inc.'s (TSE:CVE) Earnings
Jul 04Is Cenovus Energy (TSE:CVE) Using Too Much Debt?
Apr 14Is Cenovus Energy Inc. (TSE:CVE) Trading At A 50% Discount?
Mar 05Take Care Before Diving Into The Deep End On Cenovus Energy Inc. (TSE:CVE)
Jan 26Here's Why Cenovus Energy (TSE:CVE) Can Manage Its Debt Responsibly
Jan 05Are Investors Undervaluing Cenovus Energy Inc. (TSE:CVE) By 35%?
Nov 06These 4 Measures Indicate That Cenovus Energy (TSE:CVE) Is Using Debt Reasonably Well
Sep 30Here's Why Cenovus Energy (TSE:CVE) Has Caught The Eye Of Investors
May 01A Look At The Intrinsic Value Of Cenovus Energy Inc. (TSE:CVE)
Mar 16Cenovus Energy (TSE:CVE) Seems To Use Debt Rather Sparingly
Feb 13Financial Position Analysis
Short Term Liabilities: CVE's short term assets (CA$10.2B) exceed its short term liabilities (CA$6.4B).
Long Term Liabilities: CVE's short term assets (CA$10.2B) do not cover its long term liabilities (CA$18.7B).
Debt to Equity History and Analysis
Debt Level: CVE's net debt to equity ratio (14.2%) is considered satisfactory.
Reducing Debt: CVE's debt to equity ratio has reduced from 37.7% to 24.7% over the past 5 years.
Debt Coverage: CVE's debt is well covered by operating cash flow (139.1%).
Interest Coverage: CVE's interest payments on its debt are well covered by EBIT (18.6x coverage).