Cenovus Energy (CVE) Debt to Equity (2009 - 2026)

Cenovus Energy's (CVE) quarterly Debt to Equity came in at $0.33 in Q1 2026, up 30.52% year-on-year from $0.25 in Q1 2025, and down 6.27% quarter-over-quarter from $0.35 in Q4 2025.

Cenovus Energy (CVE) Debt to Equity (2009 - 2026) Analysis & Trends

Cenovus Energy has disclosed Debt to Equity across 18 years of filings, most recently posting $0.33 for Q1 2026.

  • Debt to Equity for Q1 2026 came in at $0.33, up 30.52% year-over-year; the trailing twelve-month figure through Mar 2026 was $0.33 (up 30.52% YoY), and the FY2025 annual result was $0.35, up 38.13% from the prior year.
  • Debt to Equity came in at $0.33 for Q1 2026 at Cenovus Energy, down from $0.35 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $0.48 in Q1 2022 to a low of $0.24 in Q3 2024.
  • The 5-year median for Debt to Equity is $0.25 (2024), against an average of $0.3.
  • Across the five-year window, Debt to Equity slumped 39.55% in 2022 and surged 38.13% in 2025, its largest moves.
  • Cenovus Energy's Debt to Equity stood at $0.32 in 2022, then declined by 20.48% to $0.25 in 2023, then dropped by 0.53% to $0.25 in 2024, then soared by 38.13% to $0.35 in 2025, then retreated by 6.27% to $0.33 in 2026.
  • The last three Debt to Equity figures came in at $0.33 (Q1 2026), $0.35 (Q4 2025), and $0.25 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Petrobras - Petroleo Brasileiro 1,901.04 Bn 1,894.28 Bn 11.34 Bn -
2 Exxon Mobil 629.96 Bn 628.14 Bn - 0.19
3 TotalEnergies SE 621.59 Bn 621.59 Bn 26,816.00 -
4 Shell 546.31 Bn 505.07 Bn - 0.43
5 Chevron 370.90 Bn 376.56 Bn 20.34 Bn 0.03
6 Cenovus Energy 354.37 Bn 352.41 Bn 6.46 Bn 0.33
7 Eni Spa 252.26 Bn 242.70 Bn - -
8 Bp 196.12 Bn 159.56 Bn - -
9 Suncor Energy 57.67 Bn 55.06 Bn 7.44 Bn -
10 Imperial Oil 42.92 Bn 42.17 Bn - 0.18

Historic Data

Download Data
DateValue
Mar 31, 2026 0.33
Dec 31, 2025 0.35
Sep 30, 2025 0.25
Jun 30, 2025 0.25
Mar 31, 2025 0.25
Dec 31, 2024 0.25
Sep 30, 2024 0.24
Jun 30, 2024 0.24
Mar 31, 2024 0.24
Dec 31, 2023 0.25
Sep 30, 2023 0.25
Jun 30, 2023 0.31
Mar 31, 2023 0.31
Dec 31, 2022 0.32
Jun 30, 2022 0.43
Mar 31, 2022 0.48
Dec 31, 2021 0.53
Sep 30, 2021 0.53
Jun 30, 2021 0.57
Mar 31, 2021 0.59