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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CXD2's short term assets (CA$10.2B) exceed its short term liabilities (CA$6.4B).
Long Term Liabilities: CXD2'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: CXD2's net debt to equity ratio (14.2%) is considered satisfactory.
Reducing Debt: CXD2's debt to equity ratio has reduced from 37.7% to 24.7% over the past 5 years.
Debt Coverage: CXD2's debt is well covered by operating cash flow (139.1%).
Interest Coverage: CXD2's interest payments on its debt are well covered by EBIT (18.6x coverage).