Devon Energy Corporation (DVN)

Current ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Total current assets	US$ in thousands	3,427,000	3,232,000	3,359,000	3,398,000	3,157,000	3,212,000	2,605,000	3,189,000	3,891,000	4,009,000	6,351,000	4,973,000	4,249,000	4,227,000	3,076,000	3,467,000	3,260,000	3,477,000	3,378,000	4,055,000
Total current liabilities	US$ in thousands	3,309,000	2,906,000	3,016,000	3,266,000	2,949,000	3,330,000	2,669,000	2,931,000	3,105,000	3,460,000	4,094,000	3,754,000	3,087,000	3,505,000	3,072,000	2,945,000	1,440,000	1,709,000	1,452,000	1,554,000
Current ratio		1.04	1.11	1.11	1.04	1.07	0.96	0.98	1.09	1.25	1.16	1.55	1.32	1.38	1.21	1.00	1.18	2.26	2.03	2.33	2.61

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $3,427,000K ÷ $3,309,000K
= 1.04

The current ratio of Devon Energy Corporation has exhibited fluctuations over the reporting periods. Starting at a healthy level of 2.61 on March 31, 2020, the ratio gradually declined to 1.00 by June 30, 2021, indicating a potential weakening liquidity position. Subsequently, there was a slight improvement to 1.55 on June 30, 2022, before dropping to 0.96 on September 30, 2023. This decline may raise concerns about the company's ability to meet short-term obligations.

However, there was a modest recovery to 1.11 by December 31, 2024, suggesting some stabilization in the short-term liquidity position. Overall, the trend in the current ratio indicates some variability in Devon Energy Corporation's ability to cover its current liabilities with its current assets, warranting further monitoring of its liquidity management practices to ensure financial stability.