Ovintiv Balance Sheet Health
Financial Health criteria checks 3/6
Ovintiv has a total shareholder equity of $10.7B and total debt of $5.9B, which brings its debt-to-equity ratio to 55.2%. Its total assets and total liabilities are $19.9B and $9.2B respectively. Ovintiv's EBIT is $2.8B making its interest coverage ratio 6.9. It has cash and short-term investments of $9.0M.
Key information
55.2%
Debt to equity ratio
US$5.88b
Debt
| Interest coverage ratio | 6.9x |
| Cash | US$9.00m |
| Equity | US$10.66b |
| Total liabilities | US$9.20b |
| Total assets | US$19.86b |
Recent financial health updates
Here's Why Ovintiv (TSE:OVV) Can Manage Its Debt Responsibly
Aug 03
Ovintiv (TSE:OVV) Has A Pretty Healthy Balance Sheet
Apr 22Here's Why Ovintiv (TSE:OVV) Can Manage Its Debt Responsibly
Dec 12Recent updates
Estimating The Intrinsic Value Of Ovintiv Inc. (TSE:OVV)
Feb 20Ovintiv Inc. (TSE:OVV) Shares Could Be 28% Below Their Intrinsic Value Estimate
Nov 08Here's Why Ovintiv (TSE:OVV) Can Manage Its Debt Responsibly
Aug 03An Intrinsic Calculation For Ovintiv Inc. (TSE:OVV) Suggests It's 45% Undervalued
Jul 19Here's Why We Think Ovintiv (TSE:OVV) Might Deserve Your Attention Today
Jul 05Ovintiv (TSE:OVV) Has A Pretty Healthy Balance Sheet
Apr 22Ovintiv Inc. (TSE:OVV) Shares Could Be 39% Below Their Intrinsic Value Estimate
Apr 06Here's Why Ovintiv (TSE:OVV) Has Caught The Eye Of Investors
Mar 01A Look At The Intrinsic Value Of Ovintiv Inc. (TSE:OVV)
Jan 03Here's Why Ovintiv (TSE:OVV) Can Manage Its Debt Responsibly
Dec 12Financial Position Analysis
Short Term Liabilities: OVV's short term assets ($1.5B) do not cover its short term liabilities ($2.9B).
Long Term Liabilities: OVV's short term assets ($1.5B) do not cover its long term liabilities ($6.3B).
Debt to Equity History and Analysis
Debt Level: OVV's net debt to equity ratio (55.1%) is considered high.
Reducing Debt: OVV's debt to equity ratio has reduced from 70.8% to 55.2% over the past 5 years.
Debt Coverage: OVV's debt is well covered by operating cash flow (69.1%).
Interest Coverage: OVV's interest payments on its debt are well covered by EBIT (6.9x coverage).