Cenovus Energy (CVE) Balance Sheet: Assets & Liabilities

Cenovus Energy (CVE) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Cenovus Energy reported total assets of CAD 63.42B and total liabilities of CAD 31.79B. Shareholders' equity was CAD 31.62B, up 6.3% from CAD 29.75B a year earlier. Total debt stood at CAD 14.21B against CAD 2.74B in cash and short-term investments, a net debt position of CAD 11.47B. That puts debt-to-equity at 0.45, compared with 0.26 a year earlier.

Cenovus Energy Balance Sheet Analysis

Values in billions CAD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Cenovus Energy Inc. (CVE) - Annual data in billions CAD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	2.74	3.09	2.23	4.52	2.87	0.11	0.19	0.78	0.61
Cash & Short-Term Investments	2.74	3.09	2.23	4.52	2.87	0.11	0.19	0.78	0.61
Accounts Receivable	3.45	2.38	2.72	3.47	3.41	1.39	1.51	0.90	1.83
Inventory	3.35	4.50	4.03	4.31	3.92	0.10	1.53	1.01	1.39
Other Current Assets	0.35	0.19	0.24	0.40	1.79	0.12	0.05	0.21	1.18
Total Current Assets	9.89	10.43	9.71	12.43	11.99	0.50	3.28	3.20	5.01
Non-Current Assets
Property, Plant & Equipment (Net)	47.41	41.00	39.67	38.34	36.96	27.17	29.95	29.48	33.27
Long-Term Investments	0.87	0.62	0.50	0.37	0.44	0.15	0.05	0.04	0.04
Goodwill	2.91	2.92	2.92	2.92	3.47	2.27	2.27	2.27	2.27
Intangible Assets	0.02	0.01	0.00	0.02	0.08	0.09	0.10	0.00	0.00
Other Non-Current Assets	0.72	0.33	0.29	1.81	0.48	0.08	0.21	0.06	0.07
Total Non-Current Assets	53.53	46.11	44.21	43.44	42.12	29.79	32.43	31.98	35.93
Total Assets	63.42	56.54	53.92	55.87	54.10	7.22	35.71	35.17	40.93
Current Liabilities
Accounts Payable	5.50	5.91	1.08	6.12	2.55	0.61	0.95	0.77	0.34
Short-Term Debt	0.37	0.37	0.18	0.12	0.35	0.31	0.20	0.68	0.00
Current Portion of Long-Term Debt	-	0.19	-	-	-	-	-	-	-
Accrued Liabilities	0.09	0.08	4.03	3.65	3.17	-	-	-	-
Deferred Revenue	0.00	0.00	0.00	0.00	0.18	1.41	0.03	0.02	0.00
Other Current Liabilities	0.44	5.24	0.16	1.47	4.22	1.45	1.35	1.13	3.97
Total Current Liabilities	6.31	7.36	6.21	8.02	7.31	2.36	2.52	2.60	4.44
Non-Current Liabilities
Long-Term Debt	13.84	7.34	7.11	8.69	15.07	9.01	8.42	8.48	9.51
Deferred Tax Liabilities	5.87	4.05	4.19	4.28	3.29	3.23	4.03	4.86	5.61
Other Non-Current Liabilities	5.76	0.43	0.55	9.04	4.79	3.28	4.12	5.02	5.81
Total Non-Current Liabilities	25.47	19.41	18.99	20.26	23.19	13.70	13.99	15.11	16.52
Total Liabilities	31.79	26.77	25.20	28.28	30.50	3.72	16.51	17.71	20.95
Stockholders' Equity
Common Stock	18.60	15.66	16.03	16.32	17.02	11.04	11.04	11.04	11.04
Retained Earnings	12.32	10.51	8.91	6.39	0.88	0.50	2.96	1.02	3.94
Accumulated Other Comprehensive Income	0.41	2.31	1.21	1.65	0.68	0.78	0.83	1.04	0.64
Treasury Stock	0.12	0.04	-	-	-	-	-	-	-
Additional Paid-in Capital	0.18	0.94	2.00	2.69	4.28	4.39	4.38	4.37	4.36
Minority Interest	0.02	0.02	0.01	0.01	0.01	0.00	0.00	0.00	0.00
Shares Outstanding	1.88	1.82	1.87	1.91	2.00	-	-	-	-
Total Stockholders' Equity	31.62	29.75	28.70	27.59	23.60	3.51	19.20	17.47	19.98
Total Liabilities & Equity	63.42	56.54	53.92	55.87	54.10	32.77	35.71	35.17	40.93

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Cenovus Energy Balance Sheet

How much debt does Cenovus Energy have?

Cenovus Energy had total debt of CAD 14.21B as of Dec 31, 2025, against CAD 2.74B in cash and short-term investments. Its debt-to-equity ratio was 0.45. Total debt was CAD 7.71B a year earlier.

What are Cenovus Energy's total assets?

Cenovus Energy reported total assets of CAD 63.42B as of Dec 31, 2025, up 12.2% from CAD 56.54B a year earlier. Total liabilities were CAD 31.79B.

What is Cenovus Energy's shareholders' equity?

Cenovus Energy's shareholders' equity was CAD 31.62B as of Dec 31, 2025, or about CAD 16.79 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition