Cenovus Energy (TSX:CVE.PR.C.PFD) Debt-to-EBITDA

: 1.03 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

Debt-to-EBITDA measures a company's ability to pay off its debt.

Cenovus Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$478.00 Mil. Cenovus Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$9,467.00 Mil. Cenovus Energy's annualized EBITDA for the quarter that ended in Dec. 2023 was C$9,632.00 Mil. Cenovus Energy's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 1.03.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

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

TSX:CVE.PR.C.PFD' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -7.64 Med: 1.95 Max: 12.1
Current: 0.96

During the past 13 years, the highest Debt-to-EBITDA Ratio of Cenovus Energy was 12.10. The lowest was -7.64. And the median was 1.95.

TSX:CVE.PR.C.PFD's Debt-to-EBITDA is ranked better than
68.58% of 716 companies
in the Oil & Gas industry
Industry Median: 1.74 vs TSX:CVE.PR.C.PFD: 0.96

Cenovus Energy Debt-to-EBITDA Historical Data

The historical data trend for Cenovus Energy's Debt-to-EBITDA 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-EBITDA

2.06

12.10

2.31

0.82

0.96

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-EBITDA																1.08	1.52	1.22	0.66	1.03

Competitive Comparison

For the Oil & Gas Integrated subindustry, Cenovus Energy's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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-EBITDA Distribution

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

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

Cenovus Energy Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

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

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(478	+	9467)	/	10407
	=	0.96

Cenovus Energy's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(478	+	9467)	/	9632
	=	1.03

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2023) EBITDA data.

Cenovus Energy (TSX:CVE.PR.C.PFD) Debt-to-EBITDA Explanation

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

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Cenovus Energy Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Cenovus Energy's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Cenovus Energy (TSX:CVE.PR.C.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cenovus Energy Inc (TSX:CVE.PR.C.PFD) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

CVE:USA CXD:Germany CXD:Germany CVE.PR.B.PFD:Canada CVE.PR.A.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.

Cenovus Energy (TSX:CVE.PR.C.PFD) Headlines

No Headlines