Cenovus Property Plant And Equipment Gross vs Long Term Debt Analysis

CVE Stock  USD 16.07  0.60  3.60%   
Cenovus Energy financial indicator trend analysis is way more than just evaluating Cenovus Energy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cenovus Energy is a good investment. Please check the relationship between Cenovus Energy Property Plant And Equipment Gross and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cenovus Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
For information on how to trade Cenovus Stock refer to our How to Trade Cenovus Stock guide.

Property Plant And Equipment Gross vs Long Term Debt

Property Plant And Equipment Gross vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cenovus Energy Property Plant And Equipment Gross account and Long Term Debt. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Cenovus Energy's Property Plant And Equipment Gross and Long Term Debt is 0.59. Overlapping area represents the amount of variation of Property Plant And Equipment Gross that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Cenovus Energy, assuming nothing else is changed. The correlation between historical values of Cenovus Energy's Property Plant And Equipment Gross and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Gross of Cenovus Energy are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Property Plant And Equipment Gross i.e., Cenovus Energy's Property Plant And Equipment Gross and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.59
Relationship DirectionPositive 
Relationship StrengthWeak

Property Plant And Equipment Gross

Long Term Debt

Long-term debt is a debt that Cenovus Energy has held for over one year. Long-term debt appears on Cenovus Energy balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Cenovus Energy balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Most indicators from Cenovus Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cenovus Energy current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cenovus Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
For information on how to trade Cenovus Stock refer to our How to Trade Cenovus Stock guide.At present, Cenovus Energy's Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 52 B, whereas Enterprise Value Over EBITDA is forecasted to decline to 4.58.
 2021 2022 2024 (projected)
Interest Expense1.0B812M557.4M
Depreciation And Amortization4.5B4.5B2.5B

Cenovus Energy fundamental ratios Correlations

0.890.470.870.980.850.970.020.70.480.350.98-0.260.840.770.350.840.90.980.970.820.34-0.550.970.860.78
0.890.20.710.830.720.860.20.870.50.230.88-0.180.790.910.230.710.880.90.940.670.52-0.30.90.720.64
0.470.20.440.490.740.44-0.160.13-0.210.150.45-0.010.680.140.150.430.360.40.380.720.04-0.610.410.780.37
0.870.710.440.770.670.75-0.160.460.730.470.78-0.090.820.630.470.970.70.850.850.860.4-0.420.930.760.89
0.980.830.490.770.860.980.060.670.330.30.98-0.290.770.690.30.750.90.950.920.770.21-0.580.90.850.69
0.850.720.740.670.860.86-0.030.580.160.250.85-0.330.850.650.250.660.770.820.810.860.16-0.730.790.940.59
0.970.860.440.750.980.860.070.740.360.210.99-0.390.740.750.210.710.910.930.940.730.27-0.60.910.820.63
0.020.2-0.16-0.160.06-0.030.070.33-0.29-0.270.090.0-0.050.08-0.27-0.150.220.10.03-0.11-0.10.08-0.03-0.02-0.21
0.70.870.130.460.670.580.740.330.26-0.280.78-0.010.60.78-0.280.430.870.710.760.440.52-0.070.680.550.24
0.480.5-0.210.730.330.160.36-0.290.260.460.37-0.070.390.530.460.710.320.490.550.420.45-0.010.630.240.69
0.350.230.150.470.30.250.21-0.27-0.280.460.18-0.340.360.241.00.53-0.010.360.330.43-0.01-0.440.390.320.79
0.980.880.450.780.980.850.990.090.780.370.18-0.260.780.760.180.740.950.950.950.750.32-0.520.920.840.64
-0.26-0.18-0.01-0.09-0.29-0.33-0.390.0-0.01-0.07-0.34-0.26-0.01-0.27-0.34-0.13-0.09-0.21-0.27-0.10.20.7-0.22-0.17-0.21
0.840.790.680.820.770.850.74-0.050.60.390.360.78-0.010.70.360.840.740.850.850.940.44-0.480.870.940.77
0.770.910.140.630.690.650.750.080.780.530.240.76-0.270.70.240.620.750.750.870.540.62-0.30.820.590.58
0.350.230.150.470.30.250.21-0.27-0.280.461.00.18-0.340.360.240.53-0.010.360.330.43-0.01-0.440.390.320.79
0.840.710.430.970.750.660.71-0.150.430.710.530.74-0.130.840.620.530.670.850.840.870.36-0.450.910.760.93
0.90.880.360.70.90.770.910.220.870.32-0.010.95-0.090.740.75-0.010.670.910.880.670.3-0.330.850.750.5
0.980.90.40.850.950.820.930.10.710.490.360.95-0.210.850.750.360.850.910.960.830.27-0.50.950.850.78
0.970.940.380.850.920.810.940.030.760.550.330.95-0.270.850.870.330.840.880.960.790.48-0.50.980.820.77
0.820.670.720.860.770.860.73-0.110.440.420.430.75-0.10.940.540.430.870.670.830.790.22-0.610.840.960.81
0.340.520.040.40.210.160.27-0.10.520.45-0.010.320.20.440.62-0.010.360.30.270.480.220.180.470.220.31
-0.55-0.3-0.61-0.42-0.58-0.73-0.60.08-0.07-0.01-0.44-0.520.7-0.48-0.3-0.44-0.45-0.33-0.5-0.5-0.610.18-0.49-0.68-0.49
0.970.90.410.930.90.790.91-0.030.680.630.390.92-0.220.870.820.390.910.850.950.980.840.47-0.490.830.84
0.860.720.780.760.850.940.82-0.020.550.240.320.84-0.170.940.590.320.760.750.850.820.960.22-0.680.830.69
0.780.640.370.890.690.590.63-0.210.240.690.790.64-0.210.770.580.790.930.50.780.770.810.31-0.490.840.69
Click cells to compare fundamentals

Cenovus Energy Account Relationship Matchups

Cenovus Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets35.7B32.8B54.1B55.9B53.9B35.9B
Short Long Term Debt Total8.6B9.3B15.4B11.6B9.9B8.7B
Other Current Liab81M36M422M1.5B4.6B4.8B
Total Current Liabilities2.5B2.4B7.3B8.0B6.2B4.0B
Total Stockholder Equity19.2B16.7B23.6B27.6B28.7B16.9B
Other Liab5.6B4.7B8.1B9.0B10.4B10.9B
Property Plant And Equipment Net29.9B27.2B37.0B39.0B38.9B26.7B
Current Deferred Revenue34M1.4B179M88M101.2M96.1M
Net Debt8.4B8.9B12.5B7.1B7.7B6.9B
Accounts Payable2.2B608M6.4B6.1B1.1B1.0B
Cash186M378M2.9B4.5B2.2B1.7B
Non Current Assets Total32.4B29.8B42.1B43.4B44.2B29.8B
Non Currrent Assets Other211M75M475M502M900M752.2M
Other Assets58M111M1.2B841M967.2M1.0B
Long Term Debt6.7B7.4B12.4B8.7B7.1B7.7B
Cash And Short Term Investments186M378M2.9B4.5B2.2B1.7B
Net Receivables1.6B1.4B3.9B3.6B3.2B2.1B
Common Stock Shares Outstanding1.2B1.2B2.0B2.0B1.9B1.2B
Liabilities And Stockholders Equity35.7B32.8B54.1B55.9B53.9B35.9B
Non Current Liabilities Total14.0B13.7B23.2B20.3B19.0B15.0B
Inventory1.5B1.1B3.9B4.3B4.0B4.2B
Other Current Assets5M121M1.3B402M264M427.0M
Other Stockholder Equity4.4B4.4B4.5B2.9B2.0B1.9B
Total Liab16.5B16.1B30.5B28.3B25.2B19.0B
Property Plant And Equipment Gross29.9B27.2B54.3B61.1B65.9B69.2B
Total Current Assets3.3B3.0B12.0B12.4B9.7B6.1B
Accumulated Other Comprehensive Income827M775M684M1.5B1.2B1.3B
Short Term Debt196M305M351M423M478M713.2M
Intangible Assets101M89M78M19M17.1M16.2M
Property Plant Equipment29.9B27.2B37.0B39.0B44.9B25.1B
Retained Earnings3.0B501M878M6.4B8.9B9.4B
Net Tangible Assets16.8B14.3B19.5B24.1B27.7B29.1B
Short Term Investments78M10M507M1.3B1.5B1.6B
Long Term Investments52M149M441M420M558M585.9M
Long Term Debt Total8.4B9.0B15.1B11.2B12.9B10.3B
Capital Surpluse4.4B4.4B4.3B2.7B2.4B3.3B

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Cenovus Energy is a strong investment it is important to analyze Cenovus Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cenovus Energy's future performance. For an informed investment choice regarding Cenovus Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cenovus Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
For information on how to trade Cenovus Stock refer to our How to Trade Cenovus Stock guide.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Is Oil, Gas & Consumable Fuels space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cenovus Energy. If investors know Cenovus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cenovus Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.205
Dividend Share
0.6
Earnings Share
1.81
Revenue Per Share
29.871
Quarterly Revenue Growth
0.217
The market value of Cenovus Energy is measured differently than its book value, which is the value of Cenovus that is recorded on the company's balance sheet. Investors also form their own opinion of Cenovus Energy's value that differs from its market value or its book value, called intrinsic value, which is Cenovus Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cenovus Energy's market value can be influenced by many factors that don't directly affect Cenovus Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cenovus Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cenovus Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cenovus Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.