Cenovus Energy (CVE) Asset Writedowns and Impairment (2016 - 2021)

Cenovus Energy has reported Asset Writedowns and Impairment for 5 years, with the latest figure at $37.3 million in Q4 2021.

• Quarterly Asset Writedowns and Impairment rose 710.17% year-over-year to $37.3 million in Q4 2021, while the trailing twelve-month figure through Jun 2022 was $24.3 million (down 96.8% YoY) and the FY2024 annual result came in at $452.1 million, changed N/A from the prior year.
• Asset Writedowns and Impairment climbed to $37.3 million in Q4 2021 per CVE's latest filing, from -$13.0 million in the prior quarter.
• Over five years, Asset Writedowns and Impairment peaked at $753.4 million in Q3 2020 and troughed at -$381.5 million in Q2 2020.
• A 4-year average of $60.1 million and a median of $12.1 million in 2019 frame the typical range for Asset Writedowns and Impairment.
• The widest YoY moves for Asset Writedowns and Impairment: up 6115.33% in 2020, down 12861.45% in 2020.
• Over 4 years, Asset Writedowns and Impairment stood at $45.5 million in 2018, then sank by 58.34% to $18.9 million in 2019, then sank by 75.7% to $4.6 million in 2020, then jumped by 710.17% to $37.3 million in 2021.
• According to Business Quant data, Asset Writedowns and Impairment over the past three periods registered $37.3 million, -$13.0 million, and $12.6 million for Q4 2021, Q2 2021, and Q1 2021 respectively.