Cenovus Energy Balance Sheet Health
Financial Health criteria checks 5/6
Cenovus Energy has a total shareholder equity of CA$30.0B and total debt of CA$7.4B, which brings its debt-to-equity ratio to 24.7%. Its total assets and total liabilities are CA$56.0B and CA$26.0B respectively. Cenovus Energy's EBIT is CA$6.7B making its interest coverage ratio 21.1. It has cash and short-term investments of CA$3.2B.
Key information
24.7%
Debt to equity ratio
CA$7.41b
Debt
| Interest coverage ratio | 21.1x |
| Cash | CA$3.15b |
| Equity | CA$30.03b |
| Total liabilities | CA$25.97b |
| Total assets | CA$56.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CVE N's short term assets (CA$11.6B) exceed its short term liabilities (CA$7.0B).
Long Term Liabilities: CVE N's short term assets (CA$11.6B) do not cover its long term liabilities (CA$18.9B).
Debt to Equity History and Analysis
Debt Level: CVE N's net debt to equity ratio (14.2%) is considered satisfactory.
Reducing Debt: CVE N's debt to equity ratio has reduced from 37.5% to 24.7% over the past 5 years.
Debt Coverage: CVE N's debt is well covered by operating cash flow (140.5%).
Interest Coverage: CVE N's interest payments on its debt are well covered by EBIT (21.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/08/27 07:54 |
| End of Day Share Price | 2024/05/30 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Cenovus Energy Inc. is covered by 51 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Harshit Gupta | Accountability Research Corporation |
| Patrick O'Rourke | ATB Capital Markets |
| Yim Cheng | Barclays |