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
Cash-Flow Gusher: Why Cenovus Remains One Of My Favorite Energy Plays
Nov 01Cenovus Energy: A Cash Flow Monster
Sep 04Cenovus Energy: Net Debt Target Bullseye So Here Comes The Cash
Aug 02The Negativity Toward Cenovus Energy Is Overdone
Jun 12Cenovus Energy: 29% Dividend Hike Is Just The Beginning
Jun 05Cash Flow Gusher: How Cenovus Energy Can Shower You With Dividends
May 12Cenovus Energy: My Top Pick Among Canadian Majors
Apr 10Cenovus Energy: Possibly One Of The Most Undervalued Energy Stocks
Feb 18Cenovus Energy: The Waiting Is The Hardest Part
Nov 16Canada's Best - Cenovus Is A Significantly Undervalued Buyback Powerhouse
Nov 06Cenovus Energy Inc: Not Getting A Lot Of Value Here
Oct 05Cenovus Energy: This Variable Can Turbocharge The E&P Rally
Sep 15Cenovus Energy: Massive Buybacks And Dividends Are Around The Corner
Aug 31Chevron Is Better Than Cenovus
Aug 23Cenovus Energy: Still Growing
Jul 24Cenovus Energy: Preferred Shares Look Incredibly Attractive
Jul 14Cenovus Energy: Investor Patience Could Be Rewarded Toward Year End
Jun 06Cenovus: What To Expect From Oil Sands Producer's Q4
Feb 14Cenovus Energy: Integration Continues
Jan 22The Trans Mountain Pipeline Expansion Will Benefit Cenovus
Jan 17Cenovus Energy goes ex-dividend tomorrow
Dec 13Cenovus Energy: Buy For The Income And Stay For The Growth
Nov 11Financial Position Analysis
Short Term Liabilities: CVE's short term assets (CA$10.2B) exceed its short term liabilities (CA$6.4B).
Long Term Liabilities: CVE'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: CVE's net debt to equity ratio (14.2%) is considered satisfactory.
Reducing Debt: CVE's debt to equity ratio has reduced from 37.7% to 24.7% over the past 5 years.
Debt Coverage: CVE's debt is well covered by operating cash flow (139.1%).
Interest Coverage: CVE's interest payments on its debt are well covered by EBIT (18.6x coverage).