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
Financial Position Analysis
Short Term Liabilities: CNVE.F's short term assets (CA$10.2B) exceed its short term liabilities (CA$6.4B).
Long Term Liabilities: CNVE.F'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: CNVE.F's net debt to equity ratio (14.2%) is considered satisfactory.
Reducing Debt: CNVE.F's debt to equity ratio has reduced from 37.7% to 24.7% over the past 5 years.
Debt Coverage: CNVE.F's debt is well covered by operating cash flow (139.1%).
Interest Coverage: CNVE.F's interest payments on its debt are well covered by EBIT (18.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/17 23:43 |
| End of Day Share Price | 2024/09/19 00:00 |
| Earnings | 2024/09/30 |
| 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. 4 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 |