Ovintiv Balance Sheet Health
Financial Health criteria checks 3/6
Ovintiv has a total shareholder equity of $9.6B and total debt of $6.2B, which brings its debt-to-equity ratio to 64.5%. Its total assets and total liabilities are $19.9B and $10.3B respectively. Ovintiv's EBIT is $2.9B making its interest coverage ratio 8.9. It has cash and short-term investments of $3.0M.
Key information
64.5%
Debt to equity ratio
US$6.16b
Debt
Interest coverage ratio | 8.9x |
Cash | US$3.00m |
Equity | US$9.55b |
Total liabilities | US$10.35b |
Total assets | US$19.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OVV *'s short term assets ($1.6B) do not cover its short term liabilities ($3.5B).
Long Term Liabilities: OVV *'s short term assets ($1.6B) do not cover its long term liabilities ($6.8B).
Debt to Equity History and Analysis
Debt Level: OVV *'s net debt to equity ratio (64.5%) is considered high.
Reducing Debt: OVV *'s debt to equity ratio has reduced from 64.6% to 64.5% over the past 5 years.
Debt Coverage: OVV *'s debt is well covered by operating cash flow (59.7%).
Interest Coverage: OVV *'s interest payments on its debt are well covered by EBIT (8.9x coverage).