Is CENOVUS ENERGY INC. (CVE) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 33.1% / 30% | 6.4% / 30% | 8.3% / 30% | 0.25% / 5% | ✗ NOT HALAL |
| DJIM | 33.1% / 33% | 6.4% / 33% | 8.3% / 33% | 0.25% / 5% | ✗ NOT HALAL |
| MSCI | 22.4% / 33% | 4.3% / 33% | 5.6% / 33% | 0.25% / 5% | ✓ HALAL |
| S&P | 33.1% / 33% | 6.4% / 33% | 8.3% / 33% | 0.25% / 5% | ✗ NOT HALAL |
| FTSE | 22.4% / 33% | 4.3% / 33% | 5.6% / 50% | 0.25% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 21.5% | |
| Operating Margin | 9.5% | |
| Net Margin | 7.9% | |
| Return on Equity (ROE) | 12.8% | |
| Return on Assets (ROA) | 4.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $8.2B |
| Free Cash Flow | $3.3B |
| Total Debt | $14.2B |
| Debt-to-Equity | 44.9 |
| Current Ratio | 1.6 |
| Total Assets | $63.4B |
Price & Trading
| Last Close | $25.96 |
| 50-Day MA | $21.92 |
| 200-Day MA | $17.71 |
| Avg Volume | 15.0M |
| Beta | 0.7 |
|
52-Week Range
$10.23
| |
About CENOVUS ENERGY INC. (CVE)
Cenovus Energy Inc., together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada, the United States, and China. It operates through Upstream and Downstream segments. The company is involved in the development and production of bitumen and heavy oil; owns and operates pipeline gathering systems and terminals; operation of assets rich in NGLs and natural gas in Alberta and British Columbia; and offshore operations, exploration, and development activities in the East Coast of Canada and the Asia Pacific region. It also engages in refining, such as owned and operated Lloydminster upgrading and asphalt refining complex; owns and operates the Bruderheim crude-by-rail terminal and two ethanol plants; fuels business; and refining of crude oil to produce gasoline, diesel, jet fuel, asphalt, and other products. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.
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Frequently Asked Questions
Is CENOVUS ENERGY INC. (CVE) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), CENOVUS ENERGY INC. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is CENOVUS ENERGY INC.'s debt ratio?
CENOVUS ENERGY INC.'s debt ratio is 33.1% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 22.4%.
What are CENOVUS ENERGY INC.'s key financial metrics?
CENOVUS ENERGY INC. has a market capitalization of $50.6B, trailing P/E ratio of 17.2, and revenue of $52.8B. The company maintains a gross margin of 21.5% and a net margin of 7.9%. Return on equity stands at 12.8%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.