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
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 47Q's short term assets ($1.7B) do not cover its short term liabilities ($2.8B).
Long Term Liabilities: 47Q's short term assets ($1.7B) do not cover its long term liabilities ($6.8B).
Debt to Equity History and Analysis
Debt Level: 47Q's net debt to equity ratio (54.7%) is considered high.
Reducing Debt: 47Q's debt to equity ratio has reduced from 56.4% to 55.3% over the past 5 years.
Debt Coverage: 47Q's debt is well covered by operating cash flow (72.6%).
Interest Coverage: 47Q's interest payments on its debt are well covered by EBIT (8.6x coverage).