Ovintiv Balance Sheet Health
Financial Health criteria checks 3/6
Ovintiv has a total shareholder equity of $10.3B and total debt of $6.2B, which brings its debt-to-equity ratio to 60.4%. Its total assets and total liabilities are $19.8B and $9.6B respectively. Ovintiv's EBIT is $2.8B making its interest coverage ratio 7.5. It has cash and short-term investments of $5.0M.
Key information
60.4%
Debt to equity ratio
US$6.20b
Debt
| Interest coverage ratio | 7.5x |
| Cash | US$5.00m |
| Equity | US$10.26b |
| Total liabilities | US$9.57b |
| Total assets | US$19.83b |
Recent financial health updates
Recent updates
Ovintiv's (NYSE:OVV) Dividend Will Be $0.30
May 24
Ovintiv: Better Choices Available In Oil And Gas Sector (Rating Downgrade)
May 23Ovintiv Inc.'s (NYSE:OVV) CEO Looks Like They Deserve Their Pay Packet
Apr 26We Think Ovintiv (NYSE:OVV) Is Taking Some Risk With Its Debt
Apr 19Ovintiv Inc.'s (NYSE:OVV) Price Is Right But Growth Is Lacking
Apr 05Ovintiv: Projecting 2024 FCF At Around $1.8 Billion To $1.9 Billion
Mar 22Ovintiv (NYSE:OVV) Is Doing The Right Things To Multiply Its Share Price
Mar 21Ovintiv: Still Light On Oil Reserves
Mar 03Ovintiv Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Mar 01Estimating The Intrinsic Value Of Ovintiv Inc. (NYSE:OVV)
Feb 25Ovintiv: A Wait-And-See Opportunity With Long-Term Upside
Jan 11Ovintiv: Operational Improvement But Debt Reduction A Headwind (Rating Downgrade)
Nov 09Ovintiv May Generate Around $3 Billion In Free Cash Flow By The End Of 2024
Sep 27Ovintiv Maintains Enhanced Prospects With Strong Assets And Core Midland Acquisition
Jul 24Ovintiv Q4 2022 Earnings Preview
Feb 26Credit Suisse expands 'Top of the Crop' list to five stocks
Jan 16Ovintiv: Hedges Will Roll In 2023, Priced At Approximately 4x FCF
Nov 16Ovintiv declares $0.25 dividend
Nov 08Having Paid Off Debt, Ovintiv Is Poised For Massive Share Repurchases
Oct 12Ovintiv renews its stock buyback program
Sep 28Ovintiv goes ex-dividend tomorrow
Sep 13Financial Position Analysis
Short Term Liabilities: OVV's short term assets ($1.5B) do not cover its short term liabilities ($2.8B).
Long Term Liabilities: OVV's short term assets ($1.5B) do not cover its long term liabilities ($6.8B).
Debt to Equity History and Analysis
Debt Level: OVV's net debt to equity ratio (60.3%) is considered high.
Reducing Debt: OVV's debt to equity ratio has reduced from 65.6% to 60.4% over the past 5 years.
Debt Coverage: OVV's debt is well covered by operating cash flow (60.6%).
Interest Coverage: OVV's interest payments on its debt are well covered by EBIT (7.5x coverage).