Cenovus Energy Inc (CVE) — Financial Flexibility Index

Latest as of March 2026: 0.10x

Cenovus Energy Inc (CVE) has a Financial Flexibility Index of 0.10x as of March 2026. Free cash flow of CA$3.33 Billion (operating CF CA$2.18 Billion minus capex CA$1.15 Billion) represents 0% of total liabilities (CA$32.31 Billion). Check CVE strategic asset allocation to assess the company's strategic physical and investment asset allocation.

Financial Flexibility Index

0.10x
Free Cash Flow / Total Liabilities

Free Cash Flow

CA$3.33 Billion
Operating CF − Capex

Total Liabilities

CA$32.31 Billion
CAD

Capital Expenditures

CA$1.15 Billion
CAD

Cenovus Energy Inc Financial Flexibility Index (2008–2025)

Historical Financial Flexibility Index trend for Cenovus Energy Inc across 18 annual periods. See how liquid is Cenovus Energy Inc's working capital to evaluate short-term liquidity relative to the company's equity base.

Annual Financial Flexibility Index for Cenovus Energy Inc (2008–2025)

Year-by-year free cash flow to debt coverage for Cenovus Energy Inc. For the full company profile including market capitalisation, see Cenovus Energy Inc stock valuation.

Year Flexibility Index Free Cash Flow (CAD) Operating CF Total Liabilities YoY Change
2025 0.41x CA$13.05 Billion CA$8.23 Billion CA$31.79 Billion ▼ -22.9%
2024 0.53x CA$14.25 Billion CA$9.23 Billion CA$26.77 Billion ▲ +14.8%
2023 0.46x CA$11.69 Billion CA$7.39 Billion CA$25.20 Billion ▼ -13.5%
2022 0.54x CA$15.16 Billion CA$11.40 Billion CA$28.28 Billion ▲ +92.7%
2021 0.28x CA$8.48 Billion CA$5.92 Billion CA$30.50 Billion ▲ +294.7%
2020 0.07x CA$1.13 Billion CA$273.00 Million CA$16.06 Billion ▼ -74.0%
2019 0.27x CA$4.47 Billion CA$3.29 Billion CA$16.51 Billion ▲ +35.7%
2018 0.20x CA$3.53 Billion CA$2.15 Billion CA$17.71 Billion ▼ -11.6%
2017 0.23x CA$4.73 Billion CA$3.06 Billion CA$20.95 Billion ▲ +62.8%
2016 0.14x CA$1.90 Billion CA$861.00 Million CA$13.67 Billion ▼ -41.7%
2015 0.24x CA$3.19 Billion CA$1.47 Billion CA$13.40 Billion ▼ -47.6%
2014 0.45x CA$6.58 Billion CA$3.53 Billion CA$14.51 Billion ▲ +1.8%
2013 0.45x CA$6.81 Billion CA$3.54 Billion CA$15.28 Billion ▼ -6.5%
2012 0.48x CA$6.87 Billion CA$3.42 Billion CA$14.41 Billion ▲ +0.5%
2011 0.47x CA$6.07 Billion CA$3.27 Billion CA$12.79 Billion ▲ +19.2%
2010 0.40x CA$4.80 Billion CA$2.59 Billion CA$12.07 Billion ▼ -16.1%
2009 0.47x CA$5.64 Billion CA$3.66 Billion CA$11.91 Billion ▲ +7.4%
2008 0.44x CA$5.76 Billion CA$3.27 Billion CA$13.04 Billion —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities