What is the current annual debt to equity of CVE?

As of today, CVE annual debt to equity is 0.45

What is 1-year change in CVE annual debt to equity?

CVE annual debt to equity is up +25.00% year-over-year

What is 3-year change in CVE annual debt to equity?

CVE annual debt to equity is up +7.14% over the past 3 years

How far is CVE annual debt to equity from its all-time high?

CVE annual debt to equity is currently -36.62% below its historical high of 0.71 set on December 31, 2010

How does CVE annual debt to equity rank versus sector peers?

CVE annual debt to equity is higher than 47.62% of companies in Energy sector

When is CVE next annual earnings release?

As of today, the next annual earnings release for CVE has not been scheduled

What is the current quarterly debt to equity of CVE?

As of today, CVE quarterly debt to equity is 0.34

What is CVE quarterly debt to equity most recent change?

CVE quarterly debt to equity was down -19.05% on June 30, 2026

What is 1-year change in CVE quarterly debt to equity?

CVE quarterly debt to equity is down -5.56% year-over-year

How far is CVE quarterly debt to equity from its all-time high?

CVE quarterly debt to equity is currently -54.05% below its historical high of 0.74 set on March 31, 2021

How does CVE quarterly debt to equity rank versus sector peers?

CVE quarterly debt to equity is higher than 39.29% of companies in Energy sector

When is CVE next earnings release?

The next earnings release for CVE is on October 29, 2026

CVE Debt To Equity Ratio History & Chart Since 2007

Annual Debt To Equity

0.450.09+25.00%

December 31, 2025

Summary

Current Value: As of today, CVE annual debt to equity is 0.45, up +25.00% on December 31, 2025
Historical Performance: CVE annual debt to equity is up +7.14% over the past 3 years, down -19.64% over the past 5 years
All-Time High Comparison: CVE annual debt to equity is currently -36.62% below its historical high of 0.71 set on December 31, 2010
3-Year Low Comparison: CVE annual debt to equity is +28.57% above its 3-year low of 0.35 reached on December 31, 2023
Sector Comparison: CVE annual debt to equity is higher than 47.62% of companies in Energy sector

Debt To Equity Chart

Performance

CVE Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Debt To Equity	Dec 31, 25	0.45	+25.0%	+7.1%	-19.6%	-36.6%
Quarterly Debt To Equity	Jun 30, 26	0.34	-5.6%	-17.1%	-51.4%	-46.9%
Price	Aug 27, 26	$31.71	+87.3%	+68.4%	+278.9%	-5.5%
Annual Total Debt	Dec 31, 25	$10.36B	+40.2%	+20.6%	+41.7%	+73.1%
	Dec 31, 25	$23.07B	+11.5%	+13.3%	+75.9%	+173.1%
	Dec 31, 25	1.57	+10.6%	+1.3%	+24.6%	+41.4%
	Dec 31, 25	1.04	+28.4%	+3.0%	+30.0%	+35.1%
	Dec 31, 25	$269.20M	-46.5%	-13.8%	+12.4%	-22.0%
	Dec 31, 25	$10.10B	+46.5%	+21.9%	+42.7%	+78.9%
	Jun 30, 26	6	+20.0%	0.0%	0.0%	-14.3%
	Aug 27, 26	2.85	+9.2%	-10.1%	+176.7%	+31.9%

Debt To Equity Highs

CVE Annual Debt To Equity Highs Comparison
Period	High	Date	Current
3Y	0.45	Dec 31, 25	at high
5Y	0.65	Dec 31, 21	-30.8%
All	0.71	Dec 31, 10	-36.6%

Debt To Equity Lows

CVE Annual Debt To Equity Lows Comparison
Period	Low	Date	Current
3Y	0.35	Dec 31, 23	+28.6%
5Y	0.35	Dec 31, 23	+28.6%
All	0.35	Dec 31, 23	+28.6%

Debt To Equity History

Year	Value	Change
2025	0.45	+25.0%
2024	0.36	+2.9%
2023	0.35	-16.7%
2022	0.42	-35.4%
2021	0.65	+16.1%
2020	0.56	+24.4%
2019	0.45	-13.5%
2018	0.52	+8.3%
2017	0.48	-12.7%
2016	0.55	+3.8%

Year	Value	Change
2015	0.53	-1.9%
2014	0.54	-18.2%
2013	0.66	0.0%
2012	0.66	+8.2%
2011	0.61	-14.1%
2010	0.71	+2.9%
2009	0.69	+76.9%
2008	0.39	-15.2%
2007	0.46	-

FAQ

What is the current annual debt to equity of CVE?: As of today, CVE annual debt to equity is 0.45
What is 1-year change in CVE annual debt to equity?: CVE annual debt to equity is up +25.00% year-over-year
What is 3-year change in CVE annual debt to equity?: CVE annual debt to equity is up +7.14% over the past 3 years
How far is CVE annual debt to equity from its all-time high?: CVE annual debt to equity is currently -36.62% below its historical high of 0.71 set on December 31, 2010
How does CVE annual debt to equity rank versus sector peers?: CVE annual debt to equity is higher than 47.62% of companies in Energy sector
When is CVE next annual earnings release?: As of today, the next annual earnings release for CVE has not been scheduled

Debt To Equity Formula

Debt To Equity =

Total Debt

Quarterly Debt To Equity

0.340.08-19.05%

June 30, 2026

Summary

Current Value: As of today, CVE quarterly debt to equity is 0.34, down -19.05% on June 30, 2026
Historical Performance: CVE quarterly debt to equity is down -5.56% year-over-year, down -17.07% over the past 3 years
All-Time High Comparison: CVE quarterly debt to equity is currently -54.05% below its historical high of 0.74 set on March 31, 2021
3-Year Low Comparison: CVE quarterly debt to equity is +3.03% above its 3-year low of 0.33 reached on March 31, 2024
Sector Comparison: CVE quarterly debt to equity is higher than 39.29% of companies in Energy sector

Performance

CVE Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Debt To Equity	Jun 30, 26	0.34	-19.1%	-5.6%	-17.1%	-51.4%
Annual Debt To Equity	Dec 31, 25	0.45	–	+25.0%	+7.1%	-19.6%
Price	Aug 27, 26	$31.71	+12.5%	+87.3%	+68.4%	+278.9%
Quarterly Total Debt	Jun 30, 26	$8.20B	-16.8%	+6.7%	-4.1%	-38.6%
	Jun 30, 26	$24.10B	+3.5%	+11.9%	+16.9%	+26.3%
	Jun 30, 26	1.63	+3.8%	+23.5%	+8.7%	+35.8%
	Jun 30, 26	1.04	+4.0%	+33.3%	+20.9%	+46.5%
	Jun 30, 26	$269.96M	+0.7%	-54.5%	+30.4%	-65.8%
	Jun 30, 26	$7.93B	-17.3%	+11.8%	-4.9%	-36.9%
	Jun 30, 26	6	0.0%	+20.0%	0.0%	0.0%
	Aug 27, 26	2.85	+6.0%	+9.2%	-10.1%	+176.7%

Quarterly Debt To Equity Highs

CVE Quarterly Debt To Equity Highs Comparison
Period	High	Date	Current
1Y	0.45	Dec 31, 25	-24.4%
3Y	0.45	Dec 31, 25	-24.4%
5Y	0.70	N/A	-51.4%
All	0.74	Mar 31, 21	-54.0%

Quarterly Debt To Equity Lows

CVE Quarterly Debt To Equity Lows Comparison
Period	Low	Date	Current
1Y	0.34	Jun 30, 26	at low
3Y	0.33	Mar 31, 24	+3.0%
5Y	0.33	Mar 31, 24	+3.0%
All	0.33	Mar 31, 24	+3.0%

Quarterly Debt To Equity History

Month	Value	Change
Jun 2026	0.34	-19.0%
Mar 2026	0.42	-6.7%
Dec 2025	0.45	+28.6%
Sep 2025	0.35	-2.8%
Jun 2025	0.36	0.0%
Mar 2025	0.36	0.0%
Dec 2024	0.36	+5.9%
Sep 2024	0.34	+3.0%
Jun 2024	0.33	0.0%
Mar 2024	0.33	-5.7%
Dec 2023	0.35	0.0%
Sep 2023	0.35	-14.6%
Jun 2023	0.41	0.0%
Mar 2023	0.41	-2.4%
Dec 2022	0.42	0.0%
Sep 2022	0.42	-22.2%
Jun 2022	0.54	-10.0%
Mar 2022	0.60	-7.7%
Dec 2021	0.65	-1.5%
Sep 2021	0.66	-5.7%
Jun 2021	0.70	-5.4%
Mar 2021	0.74	+32.1%
Dec 2020	0.56	-1.8%
Sep 2020	0.57	-3.4%
Jun 2020	0.59	+9.3%
Mar 2020	0.54	+20.0%
Dec 2019	0.45	-2.2%
Sep 2019	0.46	0.0%
Jun 2019	0.46	-19.3%
Mar 2019	0.57	+9.6%
Dec 2018	0.52	-1.9%
Sep 2018	0.53	0.0%
Jun 2018	0.53	+6.0%
Mar 2018	0.50	+4.2%

Month	Value	Change
Dec 2017	0.48	-22.6%
Sep 2017	0.62	-8.8%
Jun 2017	0.68	+25.9%
Mar 2017	0.54	-1.8%
Dec 2016	0.55	+1.9%
Sep 2016	0.54	+1.9%
Jun 2016	0.53	+3.9%
Mar 2016	0.51	-3.8%
Dec 2015	0.53	+8.2%
Sep 2015	0.49	-7.5%
Jun 2015	0.53	-1.9%
Mar 2015	0.54	0.0%
Dec 2014	0.54	+8.0%
Sep 2014	0.50	0.0%
Jun 2014	0.50	-10.7%
Mar 2014	0.56	-15.2%
Dec 2013	0.66	+4.8%
Sep 2013	0.63	-6.0%
Jun 2013	0.67	+1.5%
Mar 2013	0.66	0.0%
Dec 2012	0.66	+1.5%
Sep 2012	0.65	+12.1%
Jun 2012	0.58	-3.3%
Mar 2012	0.60	-1.6%
Dec 2011	0.61	-4.7%
Sep 2011	0.64	0.0%
Jun 2011	0.64	-11.1%
Mar 2011	0.72	+1.4%
Dec 2010	0.71	+14.5%
Sep 2010	0.62	-10.1%
Jun 2010	0.69	+7.8%
Mar 2010	0.64	-7.2%
Dec 2009	0.69	-

FAQ

What is the current quarterly debt to equity of CVE?: As of today, CVE quarterly debt to equity is 0.34
What is CVE quarterly debt to equity most recent change?: CVE quarterly debt to equity was down -19.05% on June 30, 2026
What is 1-year change in CVE quarterly debt to equity?: CVE quarterly debt to equity is down -5.56% year-over-year
How far is CVE quarterly debt to equity from its all-time high?: CVE quarterly debt to equity is currently -54.05% below its historical high of 0.74 set on March 31, 2021
How does CVE quarterly debt to equity rank versus sector peers?: CVE quarterly debt to equity is higher than 39.29% of companies in Energy sector
When is CVE next earnings release?: The next earnings release for CVE is on October 29, 2026

Debt To Equity Formula

Debt To Equity =

Total Debt

Data Sources & References

CVE Official Website www.cenovus.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/1475260/000147526026000008/0001475260-26-000008-index.htm
CVE Profile on Yahoo Finance finance.yahoo.com/quote/CVE
CVE Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/cve