Devon Energy Financial Health
How is Devon Energy's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: DVN's short term assets ($6.4B) exceed its short term liabilities ($4.1B).
Long Term Liabilities: DVN's short term assets ($6.4B) do not cover its long term liabilities ($8.9B).
Debt to Equity History and Analysis
Debt Level: DVN's net debt to equity ratio (30.9%) is considered satisfactory.
Reducing Debt: DVN's debt to equity ratio has reduced from 93.3% to 63.2% over the past 5 years.
Debt Coverage: DVN's debt is well covered by operating cash flow (119.6%).
Interest Coverage: DVN's interest payments on its debt are well covered by EBIT (18.3x coverage).