Devon Energy Balance Sheet Health
Financial Health criteria checks 5/6
Devon Energy has a total shareholder equity of $12.7B and total debt of $6.1B, which brings its debt-to-equity ratio to 48.2%. Its total assets and total liabilities are $25.2B and $12.4B respectively. Devon Energy's EBIT is $4.6B making its interest coverage ratio 15.2. It has cash and short-term investments of $1.1B.
Key information
48.2%
Debt to equity ratio
US$6.14b
Debt
| Interest coverage ratio | 15.2x |
| Cash | US$1.14b |
| Equity | US$12.73b |
| Total liabilities | US$12.43b |
| Total assets | US$25.16b |
Recent financial health updates
Devon Energy (NYSE:DVN) Seems To Use Debt Quite Sensibly
Jul 28
These 4 Measures Indicate That Devon Energy (NYSE:DVN) Is Using Debt Extensively
Feb 01Here's Why Devon Energy (NYSE:DVN) Can Manage Its Debt Responsibly
Oct 18We Think Devon Energy (NYSE:DVN) Can Stay On Top Of Its Debt
Jul 12We Think Devon Energy (NYSE:DVN) Can Stay On Top Of Its Debt
Mar 31Recent updates
8% Return Yield At Potential $80 - Why I Believe Devon Energy Is A Steal
Aug 12Devon Energy Looks Interesting Heading Into Earnings
Aug 04Devon Energy (NYSE:DVN) Seems To Use Debt Quite Sensibly
Jul 28Devon Energy: Averaging Down The Earnings With The Grayson Mill Acquisition
Jul 11Devon Energy: Plenty Of Reasons To Remain Bullish
Jul 03Devon's Undervaluation Remains A Boon As Management Executes Brilliantly - Reiterate Buy
Jun 17The Market Doesn't Like What It Sees From Devon Energy Corporation's (NYSE:DVN) Earnings Yet
Jun 07Estimating The Intrinsic Value Of Devon Energy Corporation (NYSE:DVN)
May 23Devon Energy Believes It Offers 'Incredible Value' - I Agree
May 15Some Analysts Just Cut Their Devon Energy Corporation (NYSE:DVN) Estimates
May 03Devon Energy: The Turnaround Is Just Getting Started
Apr 12Devon Energy: Likely Fairly Valued (Rating Downgrade)
Apr 04Devon Energy: Cash Cow Investors Should Look At This
Mar 25Value Vs. Growth: Why Devon Energy Is The Smarter Investment
Mar 08Devon Energy Changes The Playbook For The Better
Mar 01Devon Energy: Accumulating The Dip
Feb 04These 4 Measures Indicate That Devon Energy (NYSE:DVN) Is Using Debt Extensively
Feb 01Devon Energy Vs. Diamondback Energy: A Battle Of The Permian
Jan 22Calculating The Fair Value Of Devon Energy Corporation (NYSE:DVN)
Jan 14Devon Energy: A Strong E&P Play With Attractive Capital Returns
Jan 06Devon Energy: Shares Fall To Key Support As Oil Bounces Into Mid-$70s
Dec 25Devon Energy: Learn To Love The Variable Dividend
Dec 18After Years Of Strong Upside, Devon Energy Deserves More
Nov 24Devon Energy: Why You Shouldn't Catch This Falling Knife Again (Rating Downgrade)
Nov 17Devon Energy: Love Is In The Air
Oct 18Here's Why Devon Energy (NYSE:DVN) Can Manage Its Debt Responsibly
Oct 18Devon Energy: The Bullish Thesis Could Be Broken - Here's Why I Turned Cautious (Rating Downgrade)
Oct 06Calculating The Intrinsic Value Of Devon Energy Corporation (NYSE:DVN)
Sep 29Devon Energy's (NYSE:DVN) Dividend Will Be Reduced To $0.49
Sep 08Devon Energy: The Path To A 10% Yield And 100% Total Return
Sep 05Devon Energy (NYSE:DVN) Has Announced That Its Dividend Will Be Reduced To $0.49
Aug 25How Devon Energy Positioned Itself For Growth
Aug 17Devon Energy (NYSE:DVN) Has Announced That Its Dividend Will Be Reduced To $0.49
Aug 08Devon Energy Q2: Market Capitulation Presents The Doubling Down Opportunity
Aug 03Does Devon Energy (NYSE:DVN) Deserve A Spot On Your Watchlist?
Jul 30Devon Energy: I Expect A Brief Buying Opportunity Post Earnings
Jul 27Peak Shale: Why I Believe That Devon Energy Could Double
Jul 14We Think Devon Energy (NYSE:DVN) Can Stay On Top Of Its Debt
Jul 12Devon Energy: A Definite Buy Below Management Share Repurchase Prices
Jun 11Estimating The Intrinsic Value Of Devon Energy Corporation (NYSE:DVN)
Jun 01Devon Energy's Weakness Makes It A Valuable Investment
May 28Devon Energy's (NYSE:DVN) Dividend Is Being Reduced To $0.72
May 17Devon Energy Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
May 10We Think Devon Energy (NYSE:DVN) Can Stay On Top Of Its Debt
Mar 31Devon Energy: Time To Add Exposure On Weakness
Feb 22If EPS Growth Is Important To You, Devon Energy (NYSE:DVN) Presents An Opportunity
Feb 21Devon Energy Non-GAAP EPS of $1.66 misses by $0.09, revenue of $4.3B beats by $10M
Feb 14Devon Energy: Risks To The Dividend, But This Is Still Attractive
Feb 06Financial Position Analysis
Short Term Liabilities: DVN's short term assets ($3.4B) exceed its short term liabilities ($3.0B).
Long Term Liabilities: DVN's short term assets ($3.4B) do not cover its long term liabilities ($9.4B).
Debt to Equity History and Analysis
Debt Level: DVN's net debt to equity ratio (39.3%) is considered satisfactory.
Reducing Debt: DVN's debt to equity ratio has reduced from 61.4% to 48.2% over the past 5 years.
Debt Coverage: DVN's debt is well covered by operating cash flow (109.7%).
Interest Coverage: DVN's interest payments on its debt are well covered by EBIT (15.2x coverage).