Cenovus EnergyMEX:CVE N 66 Current Ratio is 1.57 as of Mar. 2026, which is 8% above its 10-year median of 1.45. GuruFocus rates MEX:CVE N with a GF Score™ of 66/100 and a GF Value™ of MXN264.43. The stock has 3 warning signs investors should review. Among 1,011 Oil & Gas companies, Cenovus Energy ranks better than 56.38% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Cenovus Energy's current ratio for the quarter that ended in Mar. 2026 was 1.57.
Cenovus Energy has a current ratio of 1.57. It generally indicates good short-term financial strength.
The historical rank and industry rank for Cenovus Energy's Current Ratio or its related term are showing as below:
MEX:CVE N'
s Current Ratio Range Over the Past 10 Years
Min: 0.71 Med: 1.45 Max: 3.1
Current: 1.57
During the past 13 years, Cenovus Energy's highest Current Ratio was 3.10. The lowest was 0.71. And the median was 1.45.
MEX:CVE N's Current Ratio is ranked better than 56.38% of 1011
companies
in the Oil & Gas industry
Industry Median: 1.35
vs MEX:CVE N: 1.57
Cenovus Energy (MEX:CVE N) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Cenovus Energy Current Ratio Related Terms
Cenovus Energy Current Ratio Historical Data
* Premium members only.
The historical data trend for Cenovus Energy's Current Ratio 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.
For the Oil & Gas Integrated subindustry, Cenovus Energy's Current Ratio, along with its competitors' market caps and Current Ratio 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 Current Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Cenovus Energy's Current Ratio distribution charts can be found below:
* The bar in red indicates where Cenovus Energy's Current Ratio 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 (MEX:CVE N) has a Current Ratio of 1.57 as of Mar. 2026. This is near median its historical median of 1.45. Over the past decade, Cenovus Energy's Current Ratio has ranged from 0.71 to 3.10. According to the industry distribution chart, Cenovus Energy ranks #441 out of 1011 companies in the Oil & Gas industry, placing it in the top 43.6%.
Is Cenovus Energy's Current Ratio too high?
Cenovus Energy's current Current Ratio of 1.57 is near median its 10-year median of 1.45. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 3.10. The Oil & Gas industry median Current Ratio is 1.35. Cenovus Energy's value of 1.57 is 16.3% above this industry median. Based on the distribution chart, Cenovus Energy ranks #441 out of 1011 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Cenovus Energy has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Cenovus Energy's Current Ratio compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Cenovus Energy ranks #441 out of 1011 companies for Current Ratio. This puts Cenovus Energy in the upper half of its industry. The industry median Current Ratio is 1.35. Cenovus Energy's value of 1.57 is 16.3% above this benchmark. Historically, Cenovus Energy's own Current Ratio has ranged from 0.71 to 3.10 over the past decade. While the company's 10-year median is 1.45 vs. the industry median of 1.35, Cenovus Energy has consistently been above 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 Current Ratio for an Oil & Gas company?
The median Current Ratio among Oil & Gas companies is 1.35, based on 1,011 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cenovus Energy's current Current Ratio of 1.57 is 16.3% above 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 Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median Current Ratio is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cenovus Energy's current Current Ratio is 1.57, which is near median its own 10-year median of 1.45. 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?
Cenovus Energy (MEX:CVE N) has a current Current Ratio of 1.57. The stock's GF Value™ is MXN264.43, compared to a current price of MXN415.00 — trading 56.9% above its estimated fair value. The current Current Ratio is 1.57, which is near median its 10-year median of 1.45 and 16.3% above the Oil & Gas industry median of 1.35. Cenovus Energy's overall GF Score™ is 66/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Cenovus Energy (MEX:CVE N), the current Current Ratio is 1.57 as of Mar. 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 (MEX:CVE N) Overvalued in 2026?
Based on GuruFocus' analysis, Cenovus Energy stock appears to be overvalued.
The current stock price of MXN415.00 is trading 56.9% above its estimated GF Value™ of MXN264.43.
Key valuation signals for MEX:CVE N:
Current Ratio: 1.57 (near median its 10-year median of 1.45)
GF Value™: MXN264.43 vs. price of MXN415.00 (56.9% above fair value)
Industry Position: 16.3% above the Oil & Gas median (#441 of 1011)
No single metric tells the full story. See the MEX:CVE N 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.
66GF Score
Get the complete analysis for MEX:CVE N
Current Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:CVE N has been successfully added to your 
