Cenovus Total Stockholder Equity vs Cash And Short Term Investments Analysis
CVE Stock | USD 16.05 0.07 0.44% |
Cenovus Energy financial indicator trend analysis is way more than just evaluating Cenovus Energy prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cenovus Energy is a good investment. Please check the relationship between Cenovus Energy Total Stockholder Equity and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cenovus Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. For information on how to trade Cenovus Stock refer to our How to Trade Cenovus Stock guide.
Total Stockholder Equity vs Cash And Short Term Investments
Total Stockholder Equity vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cenovus Energy Total Stockholder Equity account and Cash And Short Term Investments. At this time, the significance of the direction appears to have weak relationship.
The correlation between Cenovus Energy's Total Stockholder Equity and Cash And Short Term Investments is 0.3. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Cenovus Energy, assuming nothing else is changed. The correlation between historical values of Cenovus Energy's Total Stockholder Equity and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Cenovus Energy are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Stockholder Equity i.e., Cenovus Energy's Total Stockholder Equity and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.3 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Cenovus Energy balance sheet. This account contains Cenovus Energy investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Cenovus Energy fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Cenovus Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cenovus Energy current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cenovus Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. For information on how to trade Cenovus Stock refer to our How to Trade Cenovus Stock guide.At present, Cenovus Energy's Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 8.26, whereas Selling General Administrative is forecasted to decline to about 443.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 1.0B | 812M | 723M | 574.7M | Depreciation And Amortization | 4.5B | 4.5B | 4.6B | 2.5B |
Cenovus Energy fundamental ratios Correlations
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Cenovus Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cenovus Energy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 35.7B | 32.8B | 54.1B | 55.9B | 53.9B | 35.9B | |
Short Long Term Debt Total | 8.6B | 9.3B | 15.4B | 11.6B | 9.9B | 8.7B | |
Other Current Liab | 81M | 1.4B | 4.2B | 4.1B | 4.6B | 4.8B | |
Total Current Liabilities | 2.5B | 2.4B | 7.3B | 8.0B | 6.2B | 4.0B | |
Total Stockholder Equity | 19.2B | 16.7B | 23.6B | 27.6B | 28.7B | 16.9B | |
Other Liab | 5.6B | 4.7B | 8.1B | 9.0B | 10.4B | 10.9B | |
Property Plant And Equipment Net | 29.9B | 27.2B | 37.0B | 39.0B | 38.9B | 26.7B | |
Current Deferred Revenue | 34M | 1.4B | 179M | 88M | 101.2M | 96.1M | |
Net Debt | 8.4B | 8.9B | 12.5B | 7.1B | 7.7B | 6.9B | |
Accounts Payable | 2.2B | 608M | 2.6B | 2.3B | 1.1B | 1.7B | |
Cash | 186M | 378M | 2.9B | 4.5B | 2.2B | 1.7B | |
Non Current Assets Total | 32.4B | 29.8B | 42.1B | 43.4B | 44.2B | 29.8B | |
Non Currrent Assets Other | 211M | 75M | 475M | 502M | 1.1B | 763.1M | |
Other Assets | 58M | 111M | 1.2B | 841M | 967.2M | 1.0B | |
Long Term Debt | 6.7B | 7.4B | 12.4B | 8.7B | 7.1B | 7.7B | |
Cash And Short Term Investments | 186M | 378M | 2.9B | 4.5B | 2.2B | 1.7B | |
Net Receivables | 1.6B | 1.4B | 2.8B | 3.0B | 3.2B | 2.0B | |
Common Stock Shares Outstanding | 1.2B | 1.2B | 2.0B | 2.0B | 1.9B | 1.2B | |
Liabilities And Stockholders Equity | 35.7B | 32.8B | 54.1B | 55.9B | 53.9B | 35.9B | |
Non Current Liabilities Total | 14.0B | 13.7B | 23.2B | 20.3B | 19.0B | 15.0B | |
Inventory | 1.5B | 1.1B | 3.9B | 4.3B | 4.0B | 4.2B | |
Other Current Assets | 5M | 121M | 1.8B | 574M | 242M | 470.7M | |
Other Stockholder Equity | 4.4B | 4.4B | 4.5B | 2.9B | 2.0B | 1.9B | |
Total Liab | 16.5B | 16.1B | 30.5B | 28.3B | 25.2B | 19.0B | |
Property Plant And Equipment Gross | 29.9B | 27.2B | 54.3B | 61.1B | 65.9B | 69.2B | |
Total Current Assets | 3.3B | 3.0B | 12.0B | 12.4B | 9.7B | 6.1B | |
Accumulated Other Comprehensive Income | 827M | 775M | 684M | 1.5B | 1.2B | 1.3B | |
Short Term Debt | 196M | 305M | 351M | 423M | 478M | 713.2M | |
Intangible Assets | 101M | 89M | 78M | 19M | 17.1M | 16.2M | |
Property Plant Equipment | 29.9B | 27.2B | 37.0B | 39.0B | 44.9B | 25.1B | |
Retained Earnings | 3.0B | 501M | 878M | 6.4B | 8.9B | 9.4B | |
Net Tangible Assets | 16.8B | 14.3B | 19.5B | 24.1B | 27.7B | 29.1B | |
Short Term Investments | 78M | 10M | 507M | 1.3B | 261M | 214.7M | |
Long Term Investments | 52M | 149M | 441M | 420M | 558M | 585.9M | |
Long Term Debt Total | 8.4B | 9.0B | 15.1B | 11.2B | 12.9B | 10.3B | |
Capital Surpluse | 4.4B | 4.4B | 4.3B | 2.7B | 2.4B | 3.3B |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Cenovus Energy is a strong investment it is important to analyze Cenovus Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cenovus Energy's future performance. For an informed investment choice regarding Cenovus Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cenovus Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. For information on how to trade Cenovus Stock refer to our How to Trade Cenovus Stock guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Is Oil, Gas & Consumable Fuels space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cenovus Energy. If investors know Cenovus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cenovus Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.57) | Dividend Share 0.775 | Earnings Share 1.42 | Revenue Per Share 29.87 | Quarterly Revenue Growth (0.02) |
The market value of Cenovus Energy is measured differently than its book value, which is the value of Cenovus that is recorded on the company's balance sheet. Investors also form their own opinion of Cenovus Energy's value that differs from its market value or its book value, called intrinsic value, which is Cenovus Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cenovus Energy's market value can be influenced by many factors that don't directly affect Cenovus Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cenovus Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cenovus Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cenovus Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.