Ovintiv Balance Sheet Health
Financial Health criteria checks 3/6
Ovintiv has a total shareholder equity of $10.7B and total debt of $5.9B, which brings its debt-to-equity ratio to 55.2%. Its total assets and total liabilities are $19.9B and $9.2B respectively. Ovintiv's EBIT is $2.8B making its interest coverage ratio 6.9. It has cash and short-term investments of $9.0M.
Key information
55.2%
Debt to equity ratio
US$5.88b
Debt
| Interest coverage ratio | 6.9x |
| Cash | US$9.00m |
| Equity | US$10.66b |
| Total liabilities | US$9.20b |
| Total assets | US$19.86b |
Recent financial health updates
Ovintiv (NYSE:OVV) Takes On Some Risk With Its Use Of Debt
Jul 31
We Think Ovintiv (NYSE:OVV) Is Taking Some Risk With Its Debt
Apr 19Recent updates
Ovintiv: Better Options Available For Investors
Nov 11Insufficient Growth At Ovintiv Inc. (NYSE:OVV) Hampers Share Price
Oct 28Investors Will Want Ovintiv's (NYSE:OVV) Growth In ROCE To Persist
Sep 30Ovintiv (NYSE:OVV) Will Pay A Dividend Of $0.30
Aug 20Ovintiv: 2024 Production Guidance Increase, Multi-Frac Technology, And Cheap
Aug 06Ovintiv (NYSE:OVV) Is Due To Pay A Dividend Of $0.30
Aug 05Ovintiv (NYSE:OVV) Takes On Some Risk With Its Use Of Debt
Jul 31Why Investors Shouldn't Be Surprised By Ovintiv Inc.'s (NYSE:OVV) Low P/E
Jul 17Ovintiv: Increased Full-Year Production Guidance After Its Q1 2024 Results
Jun 13Ovintiv Inc. (NYSE:OVV) Shares Could Be 24% Below Their Intrinsic Value Estimate
Jun 06Ovintiv's (NYSE:OVV) Dividend Will Be $0.30
May 24Ovintiv: Better Choices Available In Oil And Gas Sector (Rating Downgrade)
May 23Ovintiv Inc.'s (NYSE:OVV) CEO Looks Like They Deserve Their Pay Packet
Apr 26We Think Ovintiv (NYSE:OVV) Is Taking Some Risk With Its Debt
Apr 19Ovintiv Inc.'s (NYSE:OVV) Price Is Right But Growth Is Lacking
Apr 05Ovintiv: Projecting 2024 FCF At Around $1.8 Billion To $1.9 Billion
Mar 22Ovintiv (NYSE:OVV) Is Doing The Right Things To Multiply Its Share Price
Mar 21Ovintiv: Still Light On Oil Reserves
Mar 03Ovintiv Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Mar 01Estimating The Intrinsic Value Of Ovintiv Inc. (NYSE:OVV)
Feb 25Ovintiv: A Wait-And-See Opportunity With Long-Term Upside
Jan 11Ovintiv: Operational Improvement But Debt Reduction A Headwind (Rating Downgrade)
Nov 09Ovintiv May Generate Around $3 Billion In Free Cash Flow By The End Of 2024
Sep 27Ovintiv Maintains Enhanced Prospects With Strong Assets And Core Midland Acquisition
Jul 24Financial Position Analysis
Short Term Liabilities: OVV's short term assets ($1.5B) do not cover its short term liabilities ($2.9B).
Long Term Liabilities: OVV's short term assets ($1.5B) do not cover its long term liabilities ($6.3B).
Debt to Equity History and Analysis
Debt Level: OVV's net debt to equity ratio (55.1%) is considered high.
Reducing Debt: OVV's debt to equity ratio has reduced from 70.8% to 55.2% over the past 5 years.
Debt Coverage: OVV's debt is well covered by operating cash flow (69.1%).
Interest Coverage: OVV's interest payments on its debt are well covered by EBIT (6.9x coverage).