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 ratio21.1x
CashCA$3.15b
EquityCA$30.03b
Total liabilitiesCA$25.97b
Total assetsCA$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


Discover healthy companies