Cenovus Energy Balance Sheet Health
Financial Health criteria checks 5/6
Cenovus Energy has a total shareholder equity of CA$29.7B and total debt of CA$7.2B, which brings its debt-to-equity ratio to 24.3%. Its total assets and total liabilities are CA$55.0B and CA$25.2B respectively. Cenovus Energy's EBIT is CA$6.3B making its interest coverage ratio 18.2. It has cash and short-term investments of CA$2.4B.
Key information
24.3%
Debt to equity ratio
CA$7.23b
Debt
| Interest coverage ratio | 18.2x |
| Cash | CA$2.40b |
| Equity | CA$29.75b |
| Total liabilities | CA$25.25b |
| Total assets | CA$54.99b |
Recent financial health updates
No updates
Recent updates
Cenovus 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 11Cenovus Energy GAAP EPS of C$0.81 misses by C$0.04, revenue of C$20.09B
Nov 02Cenovus Energy: Don't Buy The Dip Until You See Analysts Panicking
Sep 29Cenovus Energy goes ex-dividend tomorrow
Sep 13Cenovus Energy: Growth Strategy Still In Place
Aug 29Cenovus Energy: Prepare For The Cash Flood
Aug 09Cenovus Energy GAAP EPS of C$1.19 beats by C$0.32, revenue of $19.2B beats by C$1.74B
Jul 28Vltava Fund - Cenovus Energy: High-Quality And Low-Cost Assets
Jul 07Cenovus: Buy The Dip
Jun 27Cenovus Energy: Finally Mr. Market Responds
Jun 17Financial Position Analysis
Short Term Liabilities: CVE's short term assets (CA$10.8B) exceed its short term liabilities (CA$6.4B).
Long Term Liabilities: CVE's short term assets (CA$10.8B) do not cover its long term liabilities (CA$18.9B).
Debt to Equity History and Analysis
Debt Level: CVE's net debt to equity ratio (16.2%) is considered satisfactory.
Reducing Debt: CVE's debt to equity ratio has reduced from 48.1% to 24.3% over the past 5 years.
Debt Coverage: CVE's debt is well covered by operating cash flow (132.8%).
Interest Coverage: CVE's interest payments on its debt are well covered by EBIT (18.2x coverage).