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).