Devon Energy Balance Sheet Health
Financial Health criteria checks 3/6
Devon Energy has a total shareholder equity of $11.8B and total debt of $6.2B, which brings its debt-to-equity ratio to 52.3%. Its total assets and total liabilities are $24.2B and $12.5B respectively. Devon Energy's EBIT is $5.0B making its interest coverage ratio 15.7. It has cash and short-term investments of $654.0M.
Key information
52.3%
Debt to equity ratio
US$6.16b
Debt
Interest coverage ratio | 15.7x |
Cash | US$654.00m |
Equity | US$11.78b |
Total liabilities | US$12.46b |
Total assets | US$24.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DY6's short term assets ($3.2B) do not cover its short term liabilities ($3.3B).
Long Term Liabilities: DY6's short term assets ($3.2B) do not cover its long term liabilities ($9.1B).
Debt to Equity History and Analysis
Debt Level: DY6's net debt to equity ratio (46.8%) is considered high.
Reducing Debt: DY6's debt to equity ratio has reduced from 68% to 52.3% over the past 5 years.
Debt Coverage: DY6's debt is well covered by operating cash flow (109%).
Interest Coverage: DY6's interest payments on its debt are well covered by EBIT (15.7x coverage).