Devon Energy Balance Sheet Health
Financial Health criteria checks 4/6
Devon Energy has a total shareholder equity of $14.5B and total debt of $8.9B, which brings its debt-to-equity ratio to 61.4%. Its total assets and total liabilities are $30.3B and $15.8B respectively. Devon Energy's EBIT is $4.7B making its interest coverage ratio 15.4. It has cash and short-term investments of $645.0M.
Key information
61.4%
Debt to equity ratio
US$8.88b
Debt
| Interest coverage ratio | 15.4x |
| Cash | US$645.00m |
| Equity | US$14.48b |
| Total liabilities | US$15.79b |
| Total assets | US$30.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: D1VN34's short term assets ($3.2B) exceed its short term liabilities ($2.9B).
Long Term Liabilities: D1VN34's short term assets ($3.2B) do not cover its long term liabilities ($12.9B).
Debt to Equity History and Analysis
Debt Level: D1VN34's net debt to equity ratio (56.9%) is considered high.
Reducing Debt: D1VN34's debt to equity ratio has reduced from 65.7% to 61.4% over the past 5 years.
Debt Coverage: D1VN34's debt is well covered by operating cash flow (75.1%).
Interest Coverage: D1VN34's interest payments on its debt are well covered by EBIT (15.4x coverage).