Cenovus Energy Inc (CVE) — Net Asset Quality Index
Cenovus Energy Inc (CVE) has a Net Asset Quality Index of 50.2% as of March 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of CA$64.85 Billion minus total liabilities of CA$32.31 Billion yields net assets of CA$32.53 Billion. A higher index indicates a stronger, lower-leverage balance sheet. Read CVE liabilities breakdown for a breakdown of total debt and financial obligations.
Quality Index
Net Assets
Total Assets
Total Liabilities
Cenovus Energy Inc Net Asset Quality Index Over Time (2008–2025)
This chart shows how Cenovus Energy Inc's Net Asset Quality Index has evolved across 18 annual periods from 2008 to 2025. As of March 2026, the index stands at 50.2%, representing net assets of CA$32.53 Billion against total assets of CA$64.85 Billion CAD. For live market cap and overall valuation, see market value of Cenovus Energy Inc.
Annual Net Asset Quality Index for Cenovus Energy Inc (2008–2025)
The table below presents the year-by-year Net Asset Quality Index for Cenovus Energy Inc from 2008 to 2025, covering 18 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. Check Cenovus Energy Inc strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
| Year | Quality Index | Net Assets (CAD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 49.9% | CA$31.64 Billion | CA$63.42 Billion | CA$31.79 Billion | ▼ -2.8 pp |
| 2024 | 52.7% | CA$29.77 Billion | CA$56.54 Billion | CA$26.77 Billion | ▼ -0.6 pp |
| 2023 | 53.3% | CA$28.71 Billion | CA$53.91 Billion | CA$25.20 Billion | ▲ +3.9 pp |
| 2022 | 49.4% | CA$27.59 Billion | CA$55.87 Billion | CA$28.28 Billion | ▲ +5.7 pp |
| 2021 | 43.6% | CA$23.61 Billion | CA$54.10 Billion | CA$30.50 Billion | ▼ -7.3 pp |
| 2020 | 51.0% | CA$16.71 Billion | CA$32.77 Billion | CA$16.06 Billion | ▼ -2.8 pp |
| 2019 | 53.8% | CA$19.20 Billion | CA$35.71 Billion | CA$16.51 Billion | ▲ +4.1 pp |
| 2018 | 49.7% | CA$17.47 Billion | CA$35.17 Billion | CA$17.71 Billion | ▲ +0.8 pp |
| 2017 | 48.8% | CA$19.98 Billion | CA$40.93 Billion | CA$20.95 Billion | ▲ +2.9 pp |
| 2016 | 45.9% | CA$11.59 Billion | CA$25.26 Billion | CA$13.67 Billion | ▼ -2.2 pp |
| 2015 | 48.0% | CA$12.39 Billion | CA$25.79 Billion | CA$13.40 Billion | ▲ +6.8 pp |
| 2014 | 41.2% | CA$10.19 Billion | CA$24.70 Billion | CA$14.51 Billion | ▲ +1.8 pp |
| 2013 | 39.4% | CA$9.95 Billion | CA$25.22 Billion | CA$15.28 Billion | ▼ -1.1 pp |
| 2012 | 40.5% | CA$9.81 Billion | CA$24.22 Billion | CA$14.41 Billion | ▼ -1.9 pp |
| 2011 | 42.4% | CA$9.41 Billion | CA$22.19 Billion | CA$12.79 Billion | ▼ -3.0 pp |
| 2010 | 45.4% | CA$10.02 Billion | CA$22.09 Billion | CA$12.07 Billion | ▲ +0.7 pp |
| 2009 | 44.7% | CA$9.61 Billion | CA$21.52 Billion | CA$11.91 Billion | ▲ +2.7 pp |
| 2008 | 42.0% | CA$9.43 Billion | CA$22.47 Billion | CA$13.04 Billion | — |