Cenovus Energy annual debt-to-assets ratio
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Cenovus Energy Debt-to-Assets Ratio Growth & History (CVE)
Cenovus Energy's debt-to-assets ratio was 0.22 for fiscal 2025.
View full Cenovus Energy company overviewCenovus Energy annual debt-to-assets ratio history
| Fiscal year | Period ended | Debt-to-assets ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.22 | 0.04 | +21.19% |
| 2024 | 2024-12-31 | 0.18 | 0.00 | +1.90% |
| 2023 | 2023-12-31 | 0.18 | −0.03 | −12.28% |
| 2022 | 2022-12-31 | 0.21 | −0.08 | −27.24% |
| 2021 | 2021-12-31 | 0.28 | 0.00 | +1.03% |
| 2020 | 2020-12-31 | 0.28 | 0.04 | +16.36% |
| 2019 | 2019-12-31 | 0.24 | −0.06 | −20.39% |
| 2018 | 2018-12-31 | 0.30 | 0.07 | +30.38% |
| 2017 | 2017-12-31 | 0.23 | −0.02 | −7.30% |
| 2016 | 2016-12-31 | 0.25 | — | — |
Cenovus Energy quarterly debt-to-assets ratio
Q4.17
Q2.18
Q4.18
Q2.19
Q4.19
Q3.20
Q4.20
Q3.21
Q4.21
Q2.22
Q4.22
Q3.23
Q4.23
Q3.24
Q4.24
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-assets ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.18 | −0.01 | −4.92% |
| Q1 2026 | 2026-03-31 | 0.21 | — | — |
| Q4 2025 | 2025-12-31 | 0.22 | 0.04 | +21.19% |
| Q3 2025 | 2025-09-30 | 0.32 | 0.01 | +4.04% |
| Q2 2025 | 2025-06-30 | 0.19 | — | — |
| Q4 2024 | 2024-12-31 | 0.18 | 0.00 | +1.90% |
| Q3 2024 | 2024-09-30 | 0.31 | 0.13 | +68.52% |
| Q4 2023 | 2023-12-31 | 0.18 | −0.03 | −12.28% |
| Q3 2023 | 2023-09-30 | 0.18 | — | — |
| Q4 2022 | 2022-12-31 | 0.21 | −0.08 | −27.24% |
| Q2 2022 | 2022-06-30 | 0.25 | — | — |
| Q4 2021 | 2021-12-31 | 0.28 | 0.00 | +1.03% |
| Q3 2021 | 2021-09-30 | 0.30 | −0.00 | −0.41% |
| Q4 2020 | 2020-12-31 | 0.28 | 0.04 | +16.36% |
| Q3 2020 | 2020-09-30 | 0.30 | — | — |
| Q4 2019 | 2019-12-31 | 0.24 | −0.06 | −20.39% |
| Q2 2019 | 2019-06-30 | 0.25 | −0.00 | −0.79% |
| Q4 2018 | 2018-12-31 | 0.30 | 0.07 | +30.38% |
| Q2 2018 | 2018-06-30 | 0.25 | — | — |
| Q4 2017 | 2017-12-31 | 0.23 | — | — |
Cenovus Energy debt-to-assets ratio trends
Over the last five fiscal years, Cenovus Energy's debt-to-assets ratio decreased from 0.28 to 0.22, a change of −0.06. The latest reported quarter, Q2 2026, shows 0.18.
About the metric
What the debt-to-assets ratio means
The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.
Calculation and source
How debt-to-assets is calculated
TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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