Cenovus Energy Inc (CVE) — Capital Reinvestment Ratio
Cenovus Energy Inc (CVE) has a Capital Reinvestment Ratio of 0.53x as of March 2026, meaning it reinvests 1% of its operating cash flow (CA$2.18 Billion) in capital expenditures (CA$1.15 Billion). Check CVE tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Cenovus Energy Inc Capital Reinvestment Ratio (2008–2025)
This chart tracks Cenovus Energy Inc's Capital Reinvestment Ratio across 18 annual periods. For the full cash flow conversion analysis, see Cenovus Energy Inc (CVE) cash flow conversion.
Annual Capital Reinvestment Ratio for Cenovus Energy Inc (2008–2025)
Year-by-year Capital Reinvestment Ratio for Cenovus Energy Inc from 2008 to 2025. See free cash flow generation of Cenovus Energy Inc to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (CAD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.59x | CA$8.23 Billion | CA$4.82 Billion | ▲ +7.9% |
| 2024 | 0.54x | CA$9.23 Billion | CA$5.01 Billion | ▼ -6.7% |
| 2023 | 0.58x | CA$7.39 Billion | CA$4.30 Billion | ▲ +76.5% |
| 2022 | 0.33x | CA$11.40 Billion | CA$3.76 Billion | ▼ -23.9% |
| 2021 | 0.43x | CA$5.92 Billion | CA$2.56 Billion | ▼ -86.2% |
| 2020 | 3.15x | CA$273.00 Million | CA$859.00 Million | ▲ +773.7% |
| 2019 | 0.36x | CA$3.29 Billion | CA$1.18 Billion | ▼ -43.7% |
| 2018 | 0.64x | CA$2.15 Billion | CA$1.38 Billion | ▲ +17.1% |
| 2017 | 0.55x | CA$3.06 Billion | CA$1.67 Billion | ▼ -54.5% |
| 2016 | 1.20x | CA$861.00 Million | CA$1.03 Billion | ▲ +3.3% |
| 2015 | 1.16x | CA$1.47 Billion | CA$1.71 Billion | ▲ +34.1% |
| 2014 | 0.87x | CA$3.53 Billion | CA$3.06 Billion | ▼ -6.1% |
| 2013 | 0.92x | CA$3.54 Billion | CA$3.27 Billion | ▼ -8.4% |
| 2012 | 1.01x | CA$3.42 Billion | CA$3.45 Billion | ▲ +18.2% |
| 2011 | 0.85x | CA$3.27 Billion | CA$2.79 Billion | ▲ +0.2% |
| 2010 | 0.85x | CA$2.59 Billion | CA$2.21 Billion | ▲ +57.0% |
| 2009 | 0.54x | CA$3.66 Billion | CA$1.98 Billion | ▼ -28.8% |
| 2008 | 0.76x | CA$3.27 Billion | CA$2.49 Billion | — |