Ovintiv Balance Sheet Health
Financial Health criteria checks 3/6
Ovintiv has a total shareholder equity of $10.4B and total debt of $5.7B, which brings its debt-to-equity ratio to 55.3%. Its total assets and total liabilities are $20.0B and $9.6B respectively. Ovintiv's EBIT is $2.9B making its interest coverage ratio 8.6. It has cash and short-term investments of $62.0M.
Key information
55.3%
Debt to equity ratio
US$5.74b
Debt
| Interest coverage ratio | 8.6x |
| Cash | US$62.00m |
| Equity | US$10.37b |
| Total liabilities | US$9.62b |
| Total assets | US$19.99b |
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 12Does Ovintiv (TSE:OVV) Have A Healthy Balance Sheet?
Aug 29Recent 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 12Ovintiv Inc. (TSE:OVV) Shares Could Be 43% Below Their Intrinsic Value Estimate
Sep 19Does Ovintiv (TSE:OVV) Have A Healthy Balance Sheet?
Aug 29Broker Revenue Forecasts For Ovintiv Inc. (TSE:OVV) Are Surging Higher
Aug 07Financial Position Analysis
Short Term Liabilities: OVV's short term assets ($1.7B) do not cover its short term liabilities ($2.8B).
Long Term Liabilities: OVV's short term assets ($1.7B) do not cover its long term liabilities ($6.8B).
Debt to Equity History and Analysis
Debt Level: OVV's net debt to equity ratio (54.7%) is considered high.
Reducing Debt: OVV's debt to equity ratio has reduced from 56.4% to 55.3% over the past 5 years.
Debt Coverage: OVV's debt is well covered by operating cash flow (72.6%).
Interest Coverage: OVV's interest payments on its debt are well covered by EBIT (8.6x coverage).