Cenovus Energy annual debt-to-equity ratio
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Cenovus Energy Debt-to-Equity Ratio Growth & History (CVE)
Cenovus Energy's debt-to-equity ratio was 0.45 for fiscal 2025.
View full Cenovus Energy company overviewCenovus Energy annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.45 | 0.10 | +27.91% |
| 2024 | 2024-12-31 | 0.35 | 0.01 | +3.06% |
| 2023 | 2023-12-31 | 0.34 | −0.08 | −18.66% |
| 2022 | 2022-12-31 | 0.42 | −0.23 | −35.71% |
| 2021 | 2021-12-31 | 0.65 | 0.10 | +18.10% |
| 2020 | 2020-12-31 | 0.55 | 0.10 | +22.71% |
| 2019 | 2019-12-31 | 0.45 | −0.16 | −26.46% |
| 2018 | 2018-12-31 | 0.61 | 0.13 | +28.15% |
| 2017 | 2017-12-31 | 0.48 | −0.07 | −12.85% |
| 2016 | 2016-12-31 | 0.55 | 0.02 | +3.75% |
| 2015 | 2015-12-31 | 0.53 | — | — |
Cenovus Energy quarterly debt-to-equity 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-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.34 | −0.02 | −4.64% |
| Q1 2026 | 2026-03-31 | 0.42 | — | — |
| Q4 2025 | 2025-12-31 | 0.45 | 0.10 | +27.91% |
| Q3 2025 | 2025-09-30 | 0.61 | 0.04 | +6.31% |
| Q2 2025 | 2025-06-30 | 0.36 | — | — |
| Q4 2024 | 2024-12-31 | 0.35 | 0.01 | +3.06% |
| Q3 2024 | 2024-09-30 | 0.57 | 0.22 | +64.86% |
| Q4 2023 | 2023-12-31 | 0.34 | −0.08 | −18.66% |
| Q3 2023 | 2023-09-30 | 0.35 | — | — |
| Q4 2022 | 2022-12-31 | 0.42 | −0.23 | −35.71% |
| Q2 2022 | 2022-06-30 | 0.54 | — | — |
| Q4 2021 | 2021-12-31 | 0.65 | 0.10 | +18.10% |
| Q3 2021 | 2021-09-30 | 0.66 | 0.09 | +14.91% |
| Q4 2020 | 2020-12-31 | 0.55 | 0.10 | +22.71% |
| Q3 2020 | 2020-09-30 | 0.57 | — | — |
| Q4 2019 | 2019-12-31 | 0.45 | −0.16 | −26.46% |
| Q2 2019 | 2019-06-30 | 0.46 | −0.07 | −13.17% |
| Q4 2018 | 2018-12-31 | 0.61 | 0.13 | +28.15% |
| Q2 2018 | 2018-06-30 | 0.53 | — | — |
| Q4 2017 | 2017-12-31 | 0.48 | — | — |
Cenovus Energy debt-to-equity ratio trends
Over the last five fiscal years, Cenovus Energy's debt-to-equity ratio decreased from 0.55 to 0.45, a change of −0.10. The latest reported quarter, Q2 2026, shows 0.34.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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