Cenovus Energy (TSX:CVE) LT-Debt-to-Total-Asset: 0.21 (As of Mar. 2026)

What is Cenovus Energy LT-Debt-to-Total-Asset?

Cenovus Energy TSX:CVE +0.60% 66 LT-Debt-to-Total-Asset is 0.21 as of Mar. 2026. GuruFocus rates TSX:CVE with a GF Score™ of 66/100 and a GF Value™ of C$22.41 (Significantly Overvalued). The stock has 3 warning signs investors should review.

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Cenovus Energy's long-term debt to total assests ratio for the quarter that ended in Mar. 2026 was 0.21.

Cenovus Energy's long-term debt to total assets ratio increased from Mar. 2025 (0.18) to Mar. 2026 (0.21). It may suggest that Cenovus Energy is progressively becoming more dependent on debt to grow their business.

Cenovus Energy (TSX:CVE) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Cenovus Energy LT-Debt-to-Total-Asset Related Terms

Cenovus Energy LT-Debt-to-Total-Asset Historical Data

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The historical data trend for Cenovus Energy's LT-Debt-to-Total-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.

Cenovus Energy LT-Debt-to-Total-Asset Chart

Cenovus Energy Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

LT-Debt-to-Total-Asset

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0.28

0.20

0.18

0.22

Cenovus Energy Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.18	0.17	0.18	0.22	0.21

66GF Score

Cenovus Energy Inc TSX:CVE

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Cenovus Energy LT-Debt-to-Total-Asset Calculation

Cenovus Energy's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

LT Debt to Total Assets (A: Dec. 2025 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2025 )	/	Total Assets (A: Dec. 2025 )
	=	13838	/	63424
	=	0.22

Cenovus Energy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2026 is calculated as

LT Debt to Total Assets (Q: Mar. 2026 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2026 )	/	Total Assets (Q: Mar. 2026 )
	=	13378	/	64848
	=	0.21

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →

What does a LT-Debt-to-Total-Asset of 0.21 mean?

Cenovus Energy (TSX:CVE) has a LT-Debt-to-Total-Asset of 0.21 as of Mar. 2026. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Cenovus Energy and its competitors.

Is Cenovus Energy's LT-Debt-to-Total-Asset too high?

Cenovus Energy's current LT-Debt-to-Total-Asset is 0.21. Overall, Cenovus Energy has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Cenovus Energy's LT-Debt-to-Total-Asset compare to XOM and CVX?

Cenovus Energy's LT-Debt-to-Total-Asset of 0.21 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good LT-Debt-to-Total-Asset for an Oil & Gas company?

A good LT-Debt-to-Total-Asset depends on the Oil & Gas industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high LT-Debt-to-Total-Asset mean?

A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Cenovus Energy and its competitors. Cenovus Energy's current LT-Debt-to-Total-Asset is 0.21. 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 (TSX:CVE) is currently considered Significantly Overvalued. The stock's GF Value™ is C$22.41, compared to a current price of C$35.17 — trading 56.9% above its estimated fair value. The current LT-Debt-to-Total-Asset is 0.21. 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 LT-Debt-to-Total-Asset calculated?

LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Cenovus Energy (TSX:CVE), the current LT-Debt-to-Total-Asset is 0.21 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 (TSX:CVE) Overvalued in 2026?

Based on GuruFocus' analysis, Cenovus Energy stock appears to be overvalued. The current stock price of C$35.17 is trading 56.9% above its estimated GF Value™ of C$22.41. GuruFocus considers Cenovus Energy to be Significantly Overvalued.

Key valuation signals for TSX:CVE:

LT-Debt-to-Total-Asset: 0.21
GF Value™: C$22.41 vs. price of C$35.17 (56.9% above fair value)
GF Score™: 66/100 with 3 warning signs

No single metric tells the full story. See the TSX:CVE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Cenovus Energy Business Description

Industry Energy Oil & Gas

Comparable Companies TSX:IMO TSX:SU SAU:2222 XOM CVX SHSE:601857 LSE:SHEL XPAR:TTE BSP:PETR3 LSE:BP.OSL:EQNR HKSE:00386 ADX:ADNOCGAS MIL:ENI WAR:PKN BOM:500312 BKK:PTT BOG:ECOPETROL XMAD:REP WBO:OMV

Other Exchanges CVE:USA CXD:Germany

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

Website https://www.cenovus.com

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

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C$35.17

Price

C$22.41

GF Value

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