Cenovus Energy (CVE) Asset Writedowns and Impairment (2012 - 2021)
Cenovus Energy (CVE) posted Asset Writedowns and Impairment of -$2.4 million for Q4 2021, down 399.59% sequentially from $794409.3 in Q3 2021, and up 22.43% YoY from -$1.9 million in Q4 2020.
Cenovus Energy (CVE) Asset Writedowns and Impairment (2012 - 2021) Analysis & Trends
Cenovus Energy (CVE) has 10 years of Asset Writedowns and Impairment data on file, last reported at -$2.4 million in Q4 2021.
- Quarterly Asset Writedowns and Impairment rose 22.43% year-over-year to -$2.4 million in Q4 2021, while the trailing twelve-month figure through Jun 2022 was -$14.6 million (up 62.02% YoY) and the FY2022 annual result came in at -$948.4 million, down 3733.92% from the prior year.
- Asset Writedowns and Impairment slipped to -$2.4 million in Q4 2021 per CVE's latest filing, from $794409.3 in the prior quarter.
- The five-year high for Asset Writedowns and Impairment was $698.2 million in Q4 2017, with the low at -$381.5 million in Q2 2020.
- Average Asset Writedowns and Impairment over 5 years is $10.0 million, with a median of -$3.0 million recorded in 2019.
- Year-over-year, Asset Writedowns and Impairment surged 3949.16% in 2017 and plunged 12661.45% in 2020.
- Cenovus Energy's Asset Writedowns and Impairment stood at $698.2 million in 2017, then tumbled by 102.28% to -$15.9 million in 2018, then increased by 23.82% to -$12.1 million in 2019, then soared by 74.68% to -$3.1 million in 2020, then advanced by 22.43% to -$2.4 million in 2021.
- Business Quant data shows CVE's Asset Writedowns and Impairment at -$2.4 million in Q4 2021, $794409.3 in Q3 2021, and -$13.0 million in Q2 2021.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Exxon Mobil | 6,326.01 Bn | 6,324.19 Bn | - |
| 2 | Petrobras - Petroleo Brasileiro | 3,284.86 Bn | 3,284.86 Bn | 11.34 Bn |
| 3 | Bp | 558.99 Bn | 524.30 Bn | 51.83 Bn |
| 4 | TotalEnergies SE | 523.98 Bn | 523.98 Bn | 26,816.00 |
| 5 | Chevron | 328.11 Bn | 333.77 Bn | 20.34 Bn |
| 6 | Equinor Asa | 77.88 Bn | 70.78 Bn | - |
| 7 | National Fuel Gas | 7.37 Bn | 7.34 Bn | 650.52 Mn |
| 8 | Diversified Energy | 1.02 Bn | 860.11 Mn | -3.35 Mn |
| 9 | Stabilis Solutions | 74.76 Mn | 64.12 Mn | 367,000.00 |
| 10 | Cenovus Energy | - | - | 6.46 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2021 | -2.38 Mn |
| Dec 31, 2021 | -2.38 Mn |
| Sep 30, 2021 | 794,409.31 |
| Sep 30, 2021 | 794,409.31 |
| Jun 30, 2021 | -13.02 Mn |
| Jun 30, 2021 | -13.02 Mn |
| Mar 31, 2021 | -11.85 Mn |
| Mar 31, 2021 | -11.85 Mn |
| Dec 31, 2020 | -3.07 Mn |
| Dec 31, 2020 | -3.07 Mn |
| Sep 30, 2020 | -10.51 Mn |
| Sep 30, 2020 | -10.51 Mn |
| Jun 30, 2020 | -381.52 Mn |
| Jun 30, 2020 | -381.52 Mn |
| Mar 31, 2020 | -18.65 Mn |
| Mar 31, 2020 | -18.65 Mn |
| Dec 31, 2019 | -12.12 Mn |
| Dec 31, 2019 | -12.12 Mn |
| Sep 30, 2019 | -3.03 Mn |
| Sep 30, 2019 | -3.03 Mn |