Cenovus Energy (Cenovus Energy) Debt-to-Equity

: 0.35 (As of Dec. 2023)

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Cenovus Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $356 Mil. Cenovus Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7,057 Mil. Cenovus Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $21,391 Mil. Cenovus Energy's debt to equity for the quarter that ended in Dec. 2023 was 0.35.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Cenovus Energy's Debt-to-Equity or its related term are showing as below:

CVE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35 Med: 0.53 Max: 0.65
Current: 0.35

During the past 13 years, the highest Debt-to-Equity Ratio of Cenovus Energy was 0.65. The lowest was 0.35. And the median was 0.53.

CVE's Debt-to-Equity is ranked better than
56.73% of 832 companies
in the Oil & Gas industry
Industry Median: 0.435 vs CVE: 0.35

Cenovus Energy Debt-to-Equity Historical Data

The historical data trend for Cenovus Energy's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cenovus Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.45

0.56

0.65

0.42

0.35

Cenovus Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.42	0.41	0.42	0.35	0.35

Competitive Comparison

For the Oil & Gas Integrated subindustry, Cenovus Energy's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cenovus Energy Debt-to-Equity Distribution

For the Oil & Gas industry and Energy sector, Cenovus Energy's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cenovus Energy's Debt-to-Equity falls into.

Cenovus Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cenovus Energy's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(356.291	+	7056.5)	/	21390.877
	=	0.35

Cenovus Energy's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(356.291	+	7056.5)	/	21390.877
	=	0.35

Cenovus Energy (NYSE:CVE) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Cenovus Energy Debt-to-Equity Related Terms

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Cenovus Energy (Cenovus Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cenovus Energy Inc (NYSE:CVE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CXD:Germany CXD:Germany CVE.PR.B.PFD:Canada CVE.PR.A.PFD:Canada CVE.PR.C.PFD:Canada CVE.PR.G.PFD:Canada CVE.PR.E.PFD:Canada CVE:Canada

Address

225 - 6 Avenue SW, Suite 4100, Calgary, AB, CAN, T2P 1N2

Website

https://www.cenovus.com

Cenovus Energy is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 786 thousand barrels of oil equivalent per day in 2022. The company had upstream projects across Western Canada; crude oil production and natural gas and NGLs production offshore China and Indonesia. The downstream operations include upgrading and refining operations in Canada and the U.S., and commercial fuel operations across Canada.