Cenovus Energy (Cenovus Energy) Equity-to-Asset

: 0.53 (As of Dec. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Cenovus Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $21,391 Mil. Cenovus Energy's Total Assets for the quarter that ended in Dec. 2023 was $40,187 Mil. Therefore, Cenovus Energy's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.53.

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

CVE' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.41 Med: 0.49 Max: 0.54
Current: 0.53

During the past 13 years, the highest Equity to Asset Ratio of Cenovus Energy was 0.54. The lowest was 0.41. And the median was 0.49.

CVE's Equity-to-Asset is ranked better than
54.87% of 1088 companies
in the Oil & Gas industry
Industry Median: 0.505 vs CVE: 0.53

Cenovus Energy Equity-to-Asset Historical Data

The historical data trend for Cenovus Energy's Equity-to-Asset 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

Equity-to-Asset

0.54

0.51

0.44

0.49

0.53

Cenovus Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset																0.49	0.52	0.51	0.53	0.53

Competitive Comparison

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

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

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

Cenovus Energy Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

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

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	21390.877	/	40187.09
	=	0.53

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

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	21390.877	/	40187.09
	=	0.53

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

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Cenovus Energy Equity-to-Asset 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 » Equity-to-Asset

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.