Cenovus Energy Inc Capital Reinvestment Ratio
Cenovus Energy Inc 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). See CVE free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Cenovus Energy Inc (2008–2025)
Capital reinvestment ratio of Cenovus Energy Inc from 2008 to 2025. This chart tracks Cenovus Energy Inc's Capital Reinvestment Ratio across 18 annual periods. See Cenovus Energy Inc (CVE) financial flexibility to measure the company's free cash flow as a share of total liabilities.
Cenovus Energy Inc Capital Reinvestment Ratio by Year (2008–2025)
Cenovus Energy Inc capital reinvestment ratio by year from 2008 to 2025. For the full cash flow conversion analysis, see CVE cash flow conversion.
| 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 | — |