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Cenovus EnergyCVE +0.95%69 Cash-to-Debt is 0.27 as of Jun. 2026, which is 42% above its 10-year median of 0.19. GuruFocus rates CVE with a GF Score™ of 69/100 and a GF Value™ of $18.15 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 990 Oil & Gas companies, Cenovus Energy ranks worse than 62.73% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Cenovus Energy's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.27.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Cenovus Energycouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Cenovus Energy's Cash-to-Debt or its related term are showing as below:
CVE'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.19 Max: 0.62
Current: 0.27
During the past 13 years, Cenovus Energy's highest Cash to Debt Ratio was 0.62. The lowest was 0.01. And the median was 0.19.
CVE's Cash-to-Debt is ranked worse than 62.73% of 990
companies
in the Oil & Gas industry
Industry Median: 0.51
vs CVE: 0.27
Cenovus Energy (NYSE:CVE) Cash-to-Debt Explanation
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Cenovus Energy Cash-to-Debt Related Terms
Cenovus Energy Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Cenovus Energy's Cash-to-Debt 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.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Oil & Gas Integrated subindustry, Cenovus Energy's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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 Cash-to-Debt vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Cenovus Energy's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Cenovus Energy's Cash-to-Debt falls into.
* 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.
Cenovus Energy (CVE) has a Cash-to-Debt of 0.27 as of Jun. 2026. This is 42% above median its historical median of 0.19. Over the past decade, Cenovus Energy's Cash-to-Debt has ranged from 0.01 to 0.62. According to the industry distribution chart, Cenovus Energy ranks #621 out of 990 companies in the Oil & Gas industry, placing it in the top 62.7%.
Is Cenovus Energy's Cash-to-Debt too high?
Cenovus Energy's current Cash-to-Debt of 0.27 is 42% above median its 10-year median of 0.19. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.62. The Oil & Gas industry median Cash-to-Debt is 0.51. Cenovus Energy's value of 0.27 is 47.1% below this industry median. Based on the distribution chart, Cenovus Energy ranks #621 out of 990 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Cenovus Energy has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cenovus Energy's Cash-to-Debt compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Cenovus Energy ranks #621 out of 990 companies for Cash-to-Debt. This places Cenovus Energy in the lower half of its industry. The industry median Cash-to-Debt is 0.51. Cenovus Energy's value of 0.27 is 47.1% below this benchmark. Historically, Cenovus Energy's own Cash-to-Debt has ranged from 0.01 to 0.62 over the past decade. While the company's 10-year median is 0.19 vs. the industry median of 0.51, Cenovus Energy has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Oil & Gas company?
The median Cash-to-Debt among Oil & Gas companies is 0.51, based on 990 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cenovus Energy's current Cash-to-Debt of 0.27 is 47.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median Cash-to-Debt is 0.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cenovus Energy's current Cash-to-Debt is 0.27, which is 42% above median its own 10-year median of 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cenovus Energy stock overvalued right now?
Based on GuruFocus' analysis, Cenovus Energy (CVE) is currently considered Significantly Overvalued. The stock's GF Value™ is $18.15, compared to a current price of $29.84 — trading 64.4% above its estimated fair value. The current Cash-to-Debt is 0.27, which is 42% above median its 10-year median of 0.19 and 47.1% below the Oil & Gas industry median of 0.51. Cenovus Energy's overall GF Score™ is 69/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Cenovus Energy (CVE), the current Cash-to-Debt is 0.27 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Cenovus Energy (CVE) Overvalued in 2026?
Based on GuruFocus' analysis, Cenovus Energy stock appears to be overvalued.
The current stock price of $29.84 is trading 64.4% above its estimated GF Value™ of $18.15.
GuruFocus considers Cenovus Energy to be Significantly Overvalued.
Key valuation signals for CVE:
Cash-to-Debt: 0.27 (42% above median its 10-year median of 0.19)
GF Value™: $18.15 vs. price of $29.84 (64.4% above fair value)
Industry Position: 47.1% below the Oil & Gas median (#621 of 990)
No single metric tells the full story. See the CVE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cenovus Energy Inc is a Canadian integrated energy group. The group's upstream operations include oil sands projects in northern Alberta; thermal and conventional crude oil, natural gas, and natural gas liquids (NGLs) projects across Western Canada; crude oil production offshore Newfoundland and Labrador; and natural gas and NGLs production offshore China and Indonesia. Its downstream operations include upgrading and refining operations in Canada and the U.S., and commercial fuel operations across Canada. The group's reportable segments are: Oil Sands, Conventional, Offshore, Canadian Refining, U.S Refining, and Corporate and Eliminations. Maximum revenue is generated from its Oil Sands segment. Geographically, the group derives maximum revenue from the U.S., followed by Canada and China.
69GF Score
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