Cenovus Short Long Term Debt vs Accounts Payable Analysis
CVE Stock | USD 20.17 0.02 0.1% |
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 Short Long Term Debt and its Accounts Payable 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 tightly coupled 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.
Short Long Term Debt vs Accounts Payable
Short Long Term Debt vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cenovus Energy Short Long Term Debt account and Accounts Payable. At this time, the significance of the direction appears to have no relationship.
The correlation between Cenovus Energy's Short Long Term Debt and Accounts Payable is 0.04. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Accounts Payable 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 Short Long Term Debt and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of Cenovus Energy are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Short Long Term Debt i.e., Cenovus Energy's Short Long Term Debt and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.04 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Short Long Term Debt
The total of a company’s short-term and long-term borrowings.Accounts Payable
An accounting item on the balance sheet that represents Cenovus Energy obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Cenovus Energy are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.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 tightly coupled 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 Expense | 1.0B | 812M | 557.4M | Depreciation And Amortization | 4.3B | 4.4B | 2.5B |
Cenovus Energy fundamental ratios Correlations
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Cenovus Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cenovus Energy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 35.7B | 32.8B | 54.1B | 55.9B | 53.9B | 35.9B | |
Short Long Term Debt Total | 8.6B | 9.3B | 15.4B | 11.6B | 9.9B | 8.7B | |
Other Current Liab | 81M | 36M | 422M | 1.5B | 4.6B | 4.8B | |
Total Current Liabilities | 2.5B | 2.4B | 7.3B | 8.0B | 6.2B | 4.0B | |
Total Stockholder Equity | 19.2B | 16.7B | 23.6B | 27.6B | 28.7B | 16.9B | |
Other Liab | 5.6B | 4.7B | 8.1B | 9.0B | 10.4B | 10.9B | |
Property Plant And Equipment Net | 29.9B | 27.2B | 37.0B | 39.0B | 38.9B | 26.7B | |
Current Deferred Revenue | 34M | 1.4B | 179M | 88M | 101.2M | 96.1M | |
Net Debt | 8.4B | 8.9B | 12.5B | 7.1B | 7.7B | 6.9B | |
Accounts Payable | 2.2B | 608M | 6.4B | 6.1B | 1.1B | 1.0B | |
Cash | 186M | 378M | 2.9B | 4.5B | 2.2B | 1.7B | |
Non Current Assets Total | 32.4B | 29.8B | 42.1B | 43.4B | 44.2B | 29.8B | |
Non Currrent Assets Other | 211M | 75M | 475M | 502M | 900M | 752.2M | |
Other Assets | 58M | 111M | 1.2B | 841M | 967.2M | 1.0B | |
Long Term Debt | 6.7B | 7.4B | 12.4B | 8.7B | 7.1B | 7.7B | |
Cash And Short Term Investments | 186M | 378M | 2.9B | 4.5B | 2.2B | 1.7B | |
Net Receivables | 1.6B | 1.4B | 3.9B | 3.6B | 3.2B | 2.1B | |
Common Stock Shares Outstanding | 1.2B | 1.2B | 2.0B | 2.0B | 1.9B | 1.2B | |
Liabilities And Stockholders Equity | 35.7B | 32.8B | 54.1B | 55.9B | 53.9B | 35.9B | |
Non Current Liabilities Total | 14.0B | 13.7B | 23.2B | 20.3B | 19.0B | 15.0B | |
Inventory | 1.5B | 1.1B | 3.9B | 4.3B | 4.0B | 4.2B | |
Other Current Assets | 5M | 121M | 1.3B | 402M | 264M | 427.0M | |
Other Stockholder Equity | 4.4B | 4.4B | 4.5B | 2.9B | 2.0B | 1.9B | |
Total Liab | 16.5B | 16.1B | 30.5B | 28.3B | 25.2B | 19.0B | |
Property Plant And Equipment Gross | 29.9B | 27.2B | 54.3B | 61.1B | 65.9B | 69.2B | |
Total Current Assets | 3.3B | 3.0B | 12.0B | 12.4B | 9.7B | 6.1B | |
Accumulated Other Comprehensive Income | 827M | 775M | 684M | 1.5B | 1.2B | 1.3B | |
Short Term Debt | 196M | 305M | 351M | 423M | 478M | 713.2M | |
Intangible Assets | 101M | 89M | 78M | 19M | 17.1M | 16.2M | |
Property Plant Equipment | 29.9B | 27.2B | 37.0B | 39.0B | 44.9B | 25.1B | |
Retained Earnings | 3.0B | 501M | 878M | 6.4B | 8.9B | 9.4B | |
Net Tangible Assets | 16.8B | 14.3B | 19.5B | 24.1B | 27.7B | 29.1B | |
Short Term Investments | 78M | 10M | 507M | 1.3B | 1.5B | 1.6B | |
Long Term Investments | 52M | 149M | 441M | 420M | 558M | 585.9M | |
Long Term Debt Total | 8.4B | 9.0B | 15.1B | 11.2B | 12.9B | 10.3B | |
Capital Surpluse | 4.4B | 4.4B | 4.3B | 2.7B | 2.4B | 3.3B |
Pair Trading with Cenovus Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cenovus Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cenovus Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Cenovus Stock
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Moving against Cenovus Stock
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The ability to find closely correlated positions to Cenovus Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cenovus Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cenovus Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cenovus Energy to buy it.
The correlation of Cenovus Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cenovus Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cenovus Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cenovus Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 tightly coupled 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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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When running Cenovus Energy's price analysis, check to measure Cenovus Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cenovus Energy is operating at the current time. Most of Cenovus Energy's value examination focuses on studying past and present price action to predict the probability of Cenovus Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cenovus Energy's price. Additionally, you may evaluate how the addition of Cenovus Energy to your portfolios can decrease your overall portfolio volatility.
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Is Cenovus Energy's industry 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 0.938 | Dividend Share 0.56 | Earnings Share 1.77 | Revenue Per Share 28.291 | Quarterly Revenue Growth 0.093 |
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.