Cenovus Income Before Tax vs Operating Income Analysis

CVE Stock

USD 15.84 0.35 2.16%

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 Income Before Tax and its Operating Income 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.

Income Before Tax vs Operating Income

Income Before Tax vs Operating Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cenovus Energy Income Before Tax account and Operating Income. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Cenovus Energy's Income Before Tax and Operating Income is 0.93. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Operating Income 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 Income Before Tax and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Cenovus Energy are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Income Before Tax i.e., Cenovus Energy's Income Before Tax and Operating Income go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Cenovus Energy income statement and is an important metric when analyzing Cenovus Energy profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Operating Income

Operating Income is the amount of profit realized from Cenovus Energy operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Cenovus Energy is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

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 7.51, 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

Interest Expense Depreciation And Amortization

Cenovus Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.89	0.81	0.87	0.98	0.85	0.97	0.02	0.7	-0.2	0.35	0.98	-0.23	0.84	0.77	0.35	0.82	0.9	0.98	0.97	0.82	0.44	-0.55	0.97	0.86	0.78
Short Long Term Debt Total	0.89		0.69	0.71	0.83	0.72	0.86	0.2	0.87	-0.25	0.23	0.88	-0.17	0.79	0.91	0.23	0.56	0.88	0.9	0.94	0.67	0.64	-0.3	0.9	0.72	0.64
Other Current Liab	0.81	0.69		0.83	0.76	0.86	0.73	0.05	0.49	-0.22	0.37	0.76	-0.07	0.95	0.59	0.37	0.83	0.69	0.81	0.8	0.96	0.4	-0.61	0.83	0.95	0.76
Total Current Liabilities	0.87	0.71	0.83		0.77	0.67	0.75	-0.16	0.46	0.16	0.47	0.78	-0.07	0.82	0.63	0.47	0.94	0.7	0.85	0.85	0.86	0.51	-0.42	0.93	0.76	0.89
Total Stockholder Equity	0.98	0.83	0.76	0.77		0.86	0.98	0.06	0.67	-0.32	0.3	0.98	-0.26	0.77	0.69	0.3	0.76	0.9	0.95	0.92	0.77	0.29	-0.58	0.9	0.85	0.69
Other Liab	0.85	0.72	0.86	0.67	0.86		0.86	-0.03	0.58	-0.29	0.25	0.85	-0.31	0.85	0.65	0.25	0.69	0.77	0.82	0.81	0.86	0.22	-0.73	0.79	0.94	0.59
Property Plant And Equipment Net	0.97	0.86	0.73	0.75	0.98	0.86		0.07	0.74	-0.26	0.21	0.99	-0.36	0.74	0.75	0.21	0.7	0.91	0.93	0.94	0.73	0.35	-0.6	0.91	0.82	0.63
Current Deferred Revenue	0.02	0.2	0.05	-0.16	0.06	-0.03	0.07		0.33	-0.67	-0.27	0.09	-0.01	-0.05	0.08	-0.27	-0.19	0.22	0.1	0.03	-0.11	-0.08	0.08	-0.03	-0.02	-0.21
Net Debt	0.7	0.87	0.49	0.46	0.67	0.58	0.74	0.33		-0.28	-0.28	0.78	0.0	0.6	0.78	-0.28	0.3	0.87	0.71	0.76	0.44	0.58	-0.07	0.68	0.55	0.24
Accounts Payable	-0.2	-0.25	-0.22	0.16	-0.32	-0.29	-0.26	-0.67	-0.28		0.07	-0.27	-0.02	-0.19	-0.05	0.07	0.07	-0.31	-0.27	-0.15	-0.11	0.23	0.22	-0.05	-0.29	0.08
Cash	0.35	0.23	0.37	0.47	0.3	0.25	0.21	-0.27	-0.28	0.07		0.18	-0.33	0.36	0.24	1.0	0.5	-0.01	0.36	0.33	0.43	0.09	-0.44	0.39	0.32	0.79
Non Current Assets Total	0.98	0.88	0.76	0.78	0.98	0.85	0.99	0.09	0.78	-0.27	0.18		-0.23	0.78	0.76	0.18	0.72	0.95	0.95	0.95	0.75	0.4	-0.52	0.92	0.84	0.64
Non Currrent Assets Other	-0.23	-0.17	-0.07	-0.07	-0.26	-0.31	-0.36	-0.01	0.0	-0.02	-0.33	-0.23		0.01	-0.27	-0.33	-0.1	-0.06	-0.18	-0.25	-0.07	0.13	0.67	-0.2	-0.14	-0.19
Other Assets	0.84	0.79	0.95	0.82	0.77	0.85	0.74	-0.05	0.6	-0.19	0.36	0.78	0.01		0.7	0.36	0.79	0.74	0.85	0.85	0.94	0.54	-0.48	0.87	0.94	0.77
Long Term Debt	0.77	0.91	0.59	0.63	0.69	0.65	0.75	0.08	0.78	-0.05	0.24	0.76	-0.27	0.7		0.24	0.46	0.75	0.75	0.87	0.54	0.72	-0.3	0.82	0.59	0.58
Cash And Short Term Investments	0.35	0.23	0.37	0.47	0.3	0.25	0.21	-0.27	-0.28	0.07	1.0	0.18	-0.33	0.36	0.24		0.5	-0.01	0.36	0.33	0.43	0.09	-0.44	0.39	0.32	0.79
Net Receivables	0.82	0.56	0.83	0.94	0.76	0.69	0.7	-0.19	0.3	0.07	0.5	0.72	-0.1	0.79	0.46	0.5		0.63	0.8	0.75	0.87	0.31	-0.54	0.84	0.77	0.88
Good Will	0.9	0.88	0.69	0.7	0.9	0.77	0.91	0.22	0.87	-0.31	-0.01	0.95	-0.06	0.74	0.75	-0.01	0.63		0.91	0.88	0.67	0.38	-0.33	0.85	0.75	0.5
Common Stock Shares Outstanding	0.98	0.9	0.81	0.85	0.95	0.82	0.93	0.1	0.71	-0.27	0.36	0.95	-0.18	0.85	0.75	0.36	0.8	0.91		0.96	0.83	0.39	-0.5	0.95	0.85	0.78
Non Current Liabilities Total	0.97	0.94	0.8	0.85	0.92	0.81	0.94	0.03	0.76	-0.15	0.33	0.95	-0.25	0.85	0.87	0.33	0.75	0.88	0.96		0.79	0.59	-0.5	0.98	0.82	0.77
Inventory	0.82	0.67	0.96	0.86	0.77	0.86	0.73	-0.11	0.44	-0.11	0.43	0.75	-0.07	0.94	0.54	0.43	0.87	0.67	0.83	0.79		0.33	-0.61	0.84	0.96	0.81
Other Current Assets	0.44	0.64	0.4	0.51	0.29	0.22	0.35	-0.08	0.58	0.23	0.09	0.4	0.13	0.54	0.72	0.09	0.31	0.38	0.39	0.59	0.33		0.12	0.58	0.3	0.45
Other Stockholder Equity	-0.55	-0.3	-0.61	-0.42	-0.58	-0.73	-0.6	0.08	-0.07	0.22	-0.44	-0.52	0.67	-0.48	-0.3	-0.44	-0.54	-0.33	-0.5	-0.5	-0.61	0.12		-0.49	-0.68	-0.49
Total Liab	0.97	0.9	0.83	0.93	0.9	0.79	0.91	-0.03	0.68	-0.05	0.39	0.92	-0.2	0.87	0.82	0.39	0.84	0.85	0.95	0.98	0.84	0.58	-0.49		0.83	0.84
Property Plant And Equipment Gross	0.86	0.72	0.95	0.76	0.85	0.94	0.82	-0.02	0.55	-0.29	0.32	0.84	-0.14	0.94	0.59	0.32	0.77	0.75	0.85	0.82	0.96	0.3	-0.68	0.83		0.69
Total Current Assets	0.78	0.64	0.76	0.89	0.69	0.59	0.63	-0.21	0.24	0.08	0.79	0.64	-0.19	0.77	0.58	0.79	0.88	0.5	0.78	0.77	0.81	0.45	-0.49	0.84	0.69

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Cenovus Energy Account Relationship Matchups

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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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:

How To Invest In Cenovus

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Is Cenovus Stock a good investment?

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What is Cenovus Energy's Net Worth?

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Largest Oil, Gas & Consumable Fuels Companies

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Largest Oil & Gas Integrated Companies

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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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.

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.

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Cenovus Income Before Tax vs Operating Income Analysis

Income Before Tax vs Operating Income

Income Before Tax vs Operating Income Correlation Analysis

Correlation Coefficient

Income Before Tax

Operating Income

Cenovus Energy fundamental ratios Correlations

Cenovus Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Cenovus Energy fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Total Stockholder Equity	+ 0.98	Total Assets
Non Current Assets Total	+ 0.98	Total Assets
Common Stock Shares Outstanding	+ 0.98	Total Assets
Property Plant And Equipment Net	+ 0.98	Total Stockholder Equity

Other Stockholder Equity	- 0.73	Other Liab
Property Plant And Equipment Gross	- 0.68	Other Stockholder Equity
Accounts Payable	- 0.67	Current Deferred Revenue
Other Stockholder Equity	- 0.61	Inventory
Other Stockholder Equity	- 0.61	Other Current Liab
Other Stockholder Equity	- 0.6	Property Plant And Equipment Net