Cenovus Historical Balance Sheet

CVE Stock

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Trend analysis of Cenovus Energy balance sheet accounts such as Short Long Term Debt Total of 9.1 B, Other Current Liabilities of 5.5 B or Total Current Liabilities of 4.2 B provides information on Cenovus Energy's total assets, liabilities, and equity, which is the actual value of Cenovus Energy to its prevalent stockholders. By breaking down trends over time using Cenovus Energy balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Cenovus Energy latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Cenovus Energy is a good buy for the upcoming year.

Cenovus Energy Inventory

4.72 Billion

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cenovus Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Cenovus Stock, please use our How to Invest in Cenovus Energy guide.

About Cenovus Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Cenovus Energy at a specified time, usually calculated after every quarter, six months, or one year. Cenovus Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Cenovus Energy and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Cenovus currently owns. An asset can also be divided into two categories, current and non-current.

Cenovus Energy Balance Sheet Chart

At this time, Cenovus Energy's Accumulated Other Comprehensive Income is very stable compared to the past year. As of the 25th of March 2025, Retained Earnings is likely to grow to about 11 B, while Total Assets are likely to drop about 37.4 B.

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities Net Debt

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Total Assets

Total assets refers to the total amount of Cenovus Energy assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Cenovus Energy books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Cenovus Energy balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Cenovus Energy are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most accounts from Cenovus Energy's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Cenovus Energy current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cenovus Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Cenovus Stock, please use our How to Invest in Cenovus Energy guide.At this time, Cenovus Energy's Accumulated Other Comprehensive Income is very stable compared to the past year. As of the 25th of March 2025, Retained Earnings is likely to grow to about 11 B, while Total Assets are likely to drop about 37.4 B.

	2022	2023	2024	2025 (projected)
Short and Long Term Debt Total	11.6B	9.9B	11.4B	9.1B
Total Assets	55.9B	53.9B	56.5B	37.4B

Short Long Term Debt Total Total Assets

Cenovus Energy balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Retained Earnings	Common Stock Total Equity
Total Assets		0.73	0.65	0.89	0.98	0.98	0.22	0.55	0.68	0.4	0.98	-0.26	0.37	0.8	0.91	0.98	0.97	0.84	0.3	-0.58	0.97	0.87	0.81	-0.22	0.65	0.85
Short Long Term Debt Total	0.73		0.37	0.6	0.7	0.7	0.37	0.57	0.66	0.44	0.7	-0.27	0.43	0.59	0.68	0.76	0.78	0.58	0.42	-0.26	0.75	0.59	0.67	-0.01	0.26	0.7
Other Current Liab	0.65	0.37		0.78	0.6	0.59	-0.21	0.08	0.21	0.42	0.59	-0.28	0.38	0.76	0.46	0.58	0.61	0.85	0.23	-0.81	0.69	0.8	0.71	-0.04	0.79	0.36
Total Current Liabilities	0.89	0.6	0.78		0.82	0.8	-0.05	0.34	0.65	0.51	0.82	-0.12	0.48	0.92	0.74	0.86	0.87	0.87	0.37	-0.56	0.94	0.79	0.9	-0.25	0.61	0.55
Total Stockholder Equity	0.98	0.7	0.6	0.82		0.98	0.27	0.51	0.61	0.36	0.98	-0.28	0.32	0.71	0.9	0.95	0.92	0.8	0.17	-0.6	0.91	0.86	0.73	-0.21	0.69	0.89
Property Plant And Equipment Net	0.98	0.7	0.59	0.8	0.98		0.28	0.6	0.59	0.28	0.99	-0.37	0.25	0.68	0.92	0.94	0.94	0.76	0.23	-0.59	0.92	0.84	0.68	-0.16	0.64	0.92
Current Deferred Revenue	0.22	0.37	-0.21	-0.05	0.27	0.28		0.51	0.3	-0.17	0.29	-0.1	-0.18	-0.05	0.37	0.29	0.24	0.05	0.04	0.11	0.15	0.17	-0.07	-0.12	-0.03	0.48
Net Debt	0.55	0.57	0.08	0.34	0.51	0.6	0.51		0.68	-0.31	0.63	0.01	-0.3	0.35	0.76	0.61	0.66	0.31	0.58	0.04	0.57	0.39	0.16	-0.24	0.04	0.68
Accounts Payable	0.68	0.66	0.21	0.65	0.61	0.59	0.3	0.68		0.23	0.66	0.23	0.22	0.61	0.72	0.76	0.75	0.61	0.51	0.03	0.74	0.58	0.59	-0.47	0.23	0.5
Cash	0.4	0.44	0.42	0.51	0.36	0.28	-0.17	-0.31	0.23		0.25	-0.35	1.0	0.51	0.07	0.4	0.38	0.47	0.0	-0.43	0.44	0.38	0.8	0.14	0.3	0.11
Non Current Assets Total	0.98	0.7	0.59	0.82	0.98	0.99	0.29	0.63	0.66	0.25		-0.25	0.22	0.71	0.95	0.95	0.95	0.79	0.27	-0.54	0.93	0.85	0.69	-0.24	0.64	0.91
Non Currrent Assets Other	-0.26	-0.27	-0.28	-0.12	-0.28	-0.37	-0.1	0.01	0.23	-0.35	-0.25		-0.34	-0.09	-0.12	-0.22	-0.27	-0.17	0.2	0.61	-0.23	-0.23	-0.22	-0.31	-0.17	-0.41
Cash And Short Term Investments	0.37	0.43	0.38	0.48	0.32	0.25	-0.18	-0.3	0.22	1.0	0.22	-0.34		0.51	0.03	0.38	0.36	0.43	0.01	-0.4	0.41	0.33	0.78	0.16	0.24	0.08
Net Receivables	0.8	0.59	0.76	0.92	0.71	0.68	-0.05	0.35	0.61	0.51	0.71	-0.09	0.51		0.63	0.81	0.79	0.82	0.39	-0.54	0.86	0.71	0.9	-0.24	0.51	0.43
Good Will	0.91	0.68	0.46	0.74	0.9	0.92	0.37	0.76	0.72	0.07	0.95	-0.12	0.03	0.63		0.91	0.9	0.69	0.32	-0.39	0.87	0.76	0.55	-0.41	0.5	0.9
Common Stock Shares Outstanding	0.98	0.76	0.58	0.86	0.95	0.94	0.29	0.61	0.76	0.4	0.95	-0.22	0.38	0.81	0.91		0.96	0.84	0.29	-0.54	0.96	0.85	0.81	-0.34	0.57	0.83
Non Current Liabilities Total	0.97	0.78	0.61	0.87	0.92	0.94	0.24	0.66	0.75	0.38	0.95	-0.27	0.36	0.79	0.9	0.96		0.8	0.47	-0.48	0.99	0.82	0.8	-0.2	0.52	0.82
Inventory	0.84	0.58	0.85	0.87	0.8	0.76	0.05	0.31	0.61	0.47	0.79	-0.17	0.43	0.82	0.69	0.84	0.8		0.21	-0.71	0.85	0.97	0.82	-0.35	0.84	0.56
Other Current Assets	0.3	0.42	0.23	0.37	0.17	0.23	0.04	0.58	0.51	0.0	0.27	0.2	0.01	0.39	0.32	0.29	0.47	0.21		0.23	0.45	0.17	0.32	0.2	-0.11	0.14
Other Stockholder Equity	-0.58	-0.26	-0.81	-0.56	-0.6	-0.59	0.11	0.04	0.03	-0.43	-0.54	0.61	-0.4	-0.54	-0.39	-0.54	-0.48	-0.71	0.23		-0.52	-0.71	-0.55	0.08	-0.75	-0.46
Total Liab	0.97	0.75	0.69	0.94	0.91	0.92	0.15	0.57	0.74	0.44	0.93	-0.23	0.41	0.86	0.87	0.96	0.99	0.85	0.45	-0.52		0.84	0.86	-0.22	0.57	0.75
Property Plant And Equipment Gross	0.87	0.59	0.8	0.79	0.86	0.84	0.17	0.39	0.58	0.38	0.85	-0.23	0.33	0.71	0.76	0.85	0.82	0.97	0.17	-0.71	0.84		0.72	-0.3	0.88	0.69
Total Current Assets	0.81	0.67	0.71	0.9	0.73	0.68	-0.07	0.16	0.59	0.8	0.69	-0.22	0.78	0.9	0.55	0.81	0.8	0.82	0.32	-0.55	0.86	0.72		-0.1	0.52	0.44
Short Term Debt	-0.22	-0.01	-0.04	-0.25	-0.21	-0.16	-0.12	-0.24	-0.47	0.14	-0.24	-0.31	0.16	-0.24	-0.41	-0.34	-0.2	-0.35	0.2	0.08	-0.22	-0.3	-0.1		-0.18	-0.14
Retained Earnings	0.65	0.26	0.79	0.61	0.69	0.64	-0.03	0.04	0.23	0.3	0.64	-0.17	0.24	0.51	0.5	0.57	0.52	0.84	-0.11	-0.75	0.57	0.88	0.52	-0.18		0.47
Common Stock Total Equity	0.85	0.7	0.36	0.55	0.89	0.92	0.48	0.68	0.5	0.11	0.91	-0.41	0.08	0.43	0.9	0.83	0.82	0.56	0.14	-0.46	0.75	0.69	0.44	-0.14	0.47

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Cenovus Energy Account Relationship Matchups

Cenovus Energy balance sheet Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	32.8B	54.1B	55.9B	53.9B	56.5B	37.4B
Short Long Term Debt Total	9.3B	15.4B	11.6B	9.9B	11.4B	9.1B
Other Current Liab	1.4B	4.2B	4.1B	4.6B	5.3B	5.5B
Total Current Liabilities	2.4B	7.3B	8.0B	6.2B	7.4B	4.2B
Total Stockholder Equity	16.7B	23.6B	27.6B	28.7B	29.8B	17.8B
Property Plant And Equipment Net	27.2B	37.0B	39.0B	38.9B	41.0B	27.8B
Current Deferred Revenue	34M	1.4B	179M	88M	101.2M	96.1M
Net Debt	8.9B	12.5B	7.1B	7.7B	4.6B	6.8B
Accounts Payable	608M	2.6B	2.3B	1.1B	1.0B	1.0B
Cash	378M	2.9B	4.5B	2.2B	3.1B	1.8B
Non Current Assets Total	29.8B	42.1B	43.4B	44.2B	46.1B	31.1B
Non Currrent Assets Other	75M	475M	502M	1.1B	333M	316.4M
Cash And Short Term Investments	378M	2.9B	4.5B	2.2B	2.6B	1.7B
Net Receivables	1.4B	3.4B	3.2B	3.2B	2.4B	2.0B
Common Stock Shares Outstanding	1.2B	2.0B	2.0B	1.9B	1.8B	1.3B
Liabilities And Stockholders Equity	32.8B	54.1B	55.9B	53.9B	62.0B	35.9B
Non Current Liabilities Total	13.7B	23.2B	20.3B	19.0B	19.4B	15.4B
Inventory	1.1B	3.9B	4.3B	4.0B	4.5B	4.7B
Other Current Assets	121M	1.8B	402M	264M	303.6M	475.3M
Other Stockholder Equity	4.4B	4.3B	2.7B	2.0B	1.8B	1.7B
Total Liab	16.1B	30.5B	28.3B	25.2B	26.8B	19.6B
Property Plant And Equipment Gross	27.2B	54.3B	61.1B	65.9B	72.4B	76.1B
Total Current Assets	3.0B	12.0B	12.4B	9.7B	10.4B	6.4B
Accumulated Other Comprehensive Income	775M	684M	1.5B	1.2B	1.4B	1.5B
Short Term Debt	305M	351M	423M	478M	430.2M	408.7M
Retained Earnings	501M	878M	6.4B	8.9B	10.5B	11.0B
Other Liab	5.6B	4.7B	8.1B	9.0B	10.4B	6.8B
Net Tangible Assets	16.8B	14.3B	19.5B	24.1B	27.7B	16.5B
Other Assets	58M	111M	1.2B	841M	967.2M	1.0B
Long Term Debt	7.4B	12.4B	8.7B	7.1B	7.3B	8.4B
Long Term Investments	149M	441M	420M	558M	679M	713.0M
Property Plant Equipment	29.9B	27.2B	37.0B	39.0B	44.9B	29.9B
Short Term Investments	10M	507M	1.3B	200M	180M	171M
Long Term Debt Total	8.4B	9.0B	15.1B	11.2B	12.9B	10.3B
Capital Surpluse	4.4B	4.4B	4.3B	2.7B	2.4B	3.3B

Pair Trading with Cenovus Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cenovus Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cenovus Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Cenovus Stock

0.66

ENS

E Split Corp

Pair Corr

Moving against Cenovus Stock

0.8	VMY-H	Voice Mobility Inter	Pair Corr
0.7	ENB-PFU	Enbridge Pref L	Pair Corr
0.69	ENB-PFV	Enbridge Pref 5	Pair Corr
0.52	NHT-U	NexPoint Hospitality	Pair Corr
0.44	SAGE	Sage Potash Corp	Pair Corr

The ability to find closely correlated positions to Cenovus Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cenovus Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cenovus Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cenovus Energy to buy it.

The correlation of Cenovus Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cenovus Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cenovus Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Cenovus Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Cenovus Energy is a strong investment it is important to analyze Cenovus Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cenovus Energy's future performance. For an informed investment choice regarding Cenovus Stock, refer to the following important reports:

How To Invest In Cenovus

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Is Cenovus Stock a good investment?

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What is Cenovus Energy's Net Worth?

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To learn how to invest in Cenovus Stock, please use our How to Invest in Cenovus Energy guide.

You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Please note, there is a significant difference between Cenovus Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cenovus Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cenovus Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Cenovus Historical Balance Sheet

Cenovus Energy Inventory

4.72 Billion

About Cenovus Balance Sheet Analysis

Cenovus Energy Balance Sheet Chart

Total Assets

Total Current Liabilities

Net Debt

Cenovus Energy balance sheet Correlations

Cenovus Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cenovus Energy balance sheet Accounts

Pair Trading with Cenovus Energy

Moving together with Cenovus Stock

Moving against Cenovus Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.99	Non Current Liabilities Total
Total Stockholder Equity	+ 0.98	Total Assets
Property Plant And Equipment Net	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Total Assets

Other Stockholder Equity	- 0.81	Other Current Liab
Retained Earnings	- 0.75	Other Stockholder Equity
Property Plant And Equipment Gross	- 0.71	Other Stockholder Equity
Other Stockholder Equity	- 0.71	Inventory
Other Stockholder Equity	- 0.6	Total Stockholder Equity
Other Stockholder Equity	- 0.59	Property Plant And Equipment Net