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 ratio18.6x
CashCA$3.10b
EquityCA$29.61b
Total liabilitiesCA$25.08b
Total assetsCA$54.68b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: CXD1's short term assets (CA$10.2B) exceed its short term liabilities (CA$6.4B).

Long Term Liabilities: CXD1'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: CXD1's net debt to equity ratio (14.2%) is considered satisfactory.

Reducing Debt: CXD1's debt to equity ratio has reduced from 37.7% to 24.7% over the past 5 years.

Debt Coverage: CXD1's debt is well covered by operating cash flow (139.1%).

Interest Coverage: CXD1's interest payments on its debt are well covered by EBIT (18.6x coverage).


Balance Sheet


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