Devon Energy Balance Sheet Health
Financial Health criteria checks 4/6
Devon Energy has a total shareholder equity of $12.3B and total debt of $6.1B, which brings its debt-to-equity ratio to 49.8%. Its total assets and total liabilities are $25.0B and $12.6B respectively. Devon Energy's EBIT is $4.5B making its interest coverage ratio 14.3. It has cash and short-term investments of $1.1B.
Key information
49.8%
Debt to equity ratio
US$6.15b
Debt
Interest coverage ratio | 14.3x |
Cash | US$1.13b |
Equity | US$12.34b |
Total liabilities | US$12.64b |
Total assets | US$24.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: D1VN34's short term assets ($3.4B) exceed its short term liabilities ($3.3B).
Long Term Liabilities: D1VN34's short term assets ($3.4B) do not cover its long term liabilities ($9.4B).
Debt to Equity History and Analysis
Debt Level: D1VN34's net debt to equity ratio (40.7%) is considered high.
Reducing Debt: D1VN34's debt to equity ratio has reduced from 73.6% to 49.8% over the past 5 years.
Debt Coverage: D1VN34's debt is well covered by operating cash flow (107.5%).
Interest Coverage: D1VN34's interest payments on its debt are well covered by EBIT (14.3x coverage).