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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CXD's short term assets (CA$9.7B) exceed its short term liabilities (CA$6.2B).
Long Term Liabilities: CXD'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: CXD's net debt to equity ratio (17.6%) is considered satisfactory.
Reducing Debt: CXD's debt to equity ratio has reduced from 52.5% to 25.4% over the past 5 years.
Debt Coverage: CXD's debt is well covered by operating cash flow (101.4%).
Interest Coverage: CXD's interest payments on its debt are well covered by EBIT (14.6x coverage).