CVENEUTRAL

CVE Current Ratio Analysis

1.63x

Updated 203h ago·SEC filings & market data

Key Takeaway

The current ratio of 1.63x means CVE has $1.63 in current assets for every $1.00 of current liabilities, showing the company can cover its short-term obligations due within a year.

Sector Performance

67th percentile

CVE

1.63x

Sector Median

1.26x

Sector Avg

2.58x

Prior Period

1.57x(Jul 2026)

↑ Improving

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Deep Analysis

The current ratio of 1.63x means CVE has $1.63 in current assets for every $1.00 of current liabilities, showing the company can cover its short-term obligations due within a year.

This sits above the sector median of 1.25x and places it in the 67th percentile of sector peers, indicating better short-term liquidity than most comparable companies. Trend data is not available: both the year-over-year change and quarter-over-quarter change are N/A, so there is no information on whether liquidity is improving or deteriorating. The combination of a liquidity level above the sector median with no trend data limits the ability to draw forward-looking conclusions, but current coverage appears adequate. This metric does not contradict the overall NEUTRAL verdict—it supports a balanced view, as the ratio shows acceptable liquidity without being extreme enough to signal a clear investment opportunity or risk.

Frequently Asked Questions

What does the Current Ratio tell investors about CVE?

Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.

How is the Current Ratio calculated?

Current Ratio is calculated as: Current Assets / Current Liabilities.

Who are CVE's closest peers by Current Ratio?

The closest peers by Current Ratio include: MTB (0.32x), ESS (0.31x), DRI (0.31x), TRNO (0.31x), CINF (0.29x).

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Learn More About Current Ratio

Why Working Capital Management Matters More Than You Think

Working capital is more than current assets minus liabilities. Learn why working capital matters for liquidity, efficiency, and competitive advantage, with real data from AMZN, COST, HD, and XOM.

The Formula

Current Assets / Current Liabilities

Why It Matters

Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.