Cenovus Energy Inc (CVE) — Working Capital to Net Assets Ratio
Cenovus Energy Inc (CVE) has a Working Capital to Net Assets ratio of 12.7% as of March 2026. Working capital of CA$4.15 Billion (current assets of CA$11.48 Billion minus current liabilities of CA$7.33 Billion) is measured against net assets of CA$32.53 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See Cenovus Energy Inc balance sheet independence to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Cenovus Energy Inc Working Capital to Net Assets (2008–2025)
This chart shows how Cenovus Energy Inc's Working Capital to Net Assets ratio has evolved across 18 annual periods from 2008 to 2025. As of March 2026, the ratio stands at 12.7%, reflecting working capital of CA$4.15 Billion against net assets of CA$32.53 Billion CAD. Check CVE intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Cenovus Energy Inc (2008–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Cenovus Energy Inc from 2008 to 2025, covering 18 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see market cap of Cenovus Energy Inc.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 11.3% | CA$3.58 Billion | CA$31.64 Billion | CA$9.89 Billion | CA$6.31 Billion | ▲ +1.0 pp |
| 2024 | 10.3% | CA$3.07 Billion | CA$29.77 Billion | CA$10.43 Billion | CA$7.36 Billion | ▼ -1.9 pp |
| 2023 | 12.2% | CA$3.50 Billion | CA$28.71 Billion | CA$9.71 Billion | CA$6.21 Billion | ▼ -3.8 pp |
| 2022 | 16.0% | CA$4.41 Billion | CA$27.59 Billion | CA$12.43 Billion | CA$8.02 Billion | ▼ -3.9 pp |
| 2021 | 19.8% | CA$4.68 Billion | CA$23.61 Billion | CA$11.99 Billion | CA$7.30 Billion | ▲ +16.1 pp |
| 2020 | 3.7% | CA$617.00 Million | CA$16.71 Billion | CA$2.98 Billion | CA$2.36 Billion | ▼ -0.3 pp |
| 2019 | 4.0% | CA$763.00 Million | CA$19.20 Billion | CA$3.28 Billion | CA$2.52 Billion | ▲ +0.6 pp |
| 2018 | 3.4% | CA$595.00 Million | CA$17.47 Billion | CA$3.19 Billion | CA$2.60 Billion | ▲ +0.5 pp |
| 2017 | 2.9% | CA$572.00 Million | CA$19.98 Billion | CA$5.01 Billion | CA$4.44 Billion | ▼ -33.0 pp |
| 2016 | 35.8% | CA$4.15 Billion | CA$11.59 Billion | CA$6.82 Billion | CA$2.67 Billion | ▼ -1.4 pp |
| 2015 | 37.2% | CA$4.62 Billion | CA$12.39 Billion | CA$6.47 Billion | CA$1.86 Billion | ▲ +25.1 pp |
| 2014 | 12.2% | CA$1.24 Billion | CA$10.19 Billion | CA$4.20 Billion | CA$2.96 Billion | ▼ -6.3 pp |
| 2013 | 18.4% | CA$1.83 Billion | CA$9.95 Billion | CA$5.61 Billion | CA$3.78 Billion | ▲ +5.1 pp |
| 2012 | 13.3% | CA$1.31 Billion | CA$9.81 Billion | CA$4.58 Billion | CA$3.27 Billion | ▲ +7.8 pp |
| 2011 | 5.6% | CA$523.00 Million | CA$9.41 Billion | CA$3.91 Billion | CA$3.39 Billion | ▲ +2.7 pp |
| 2010 | 2.9% | CA$290.00 Million | CA$10.02 Billion | CA$2.77 Billion | CA$2.48 Billion | ▼ -2.0 pp |
| 2009 | 4.9% | CA$469.10 Million | CA$9.61 Billion | CA$2.39 Billion | CA$1.92 Billion | ▼ -0.9 pp |
| 2008 | 5.8% | CA$547.65 Million | CA$9.43 Billion | CA$2.74 Billion | CA$2.19 Billion | — |