Devon Energy Balance Sheet Health
Financial Health criteria checks 3/6
Devon Energy has a total shareholder equity of $12.2B and total debt of $6.2B, which brings its debt-to-equity ratio to 50.4%. Its total assets and total liabilities are $24.5B and $12.3B respectively. Devon Energy's EBIT is $4.9B making its interest coverage ratio 15.6. It has cash and short-term investments of $853.0M.
Key information
50.4%
Debt to equity ratio
US$6.16b
Debt
Interest coverage ratio | 15.6x |
Cash | US$853.00m |
Equity | US$12.22b |
Total liabilities | US$12.27b |
Total assets | US$24.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DY6's short term assets ($3.2B) exceed its short term liabilities ($2.9B).
Long Term Liabilities: DY6's short term assets ($3.2B) do not cover its long term liabilities ($9.3B).
Debt to Equity History and Analysis
Debt Level: DY6's net debt to equity ratio (43.4%) is considered high.
Reducing Debt: DY6's debt to equity ratio has increased from 48.5% to 50.4% over the past 5 years.
Debt Coverage: DY6's debt is well covered by operating cash flow (106.3%).
Interest Coverage: DY6's interest payments on its debt are well covered by EBIT (15.6x coverage).