Devon Energy Corporation (DVN)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 8,398,000 | 5,672,000 | 6,189,000 | 6,482,000 | 4,298,000 |
| Total stockholders’ equity | US$ in thousands | 14,496,000 | 12,061,000 | 11,167,000 | 9,262,000 | 2,885,000 |
| Debt-to-equity ratio | 0.58 | 0.47 | 0.55 | 0.70 | 1.49 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $8,398,000K ÷ $14,496,000K
= 0.58
The debt-to-equity ratio for Devon Energy Corporation has shown a downward trend from 1.49 in December 2020 to 0.58 by December 31, 2024. This indicates that the company has been progressively reducing its reliance on debt financing in relation to equity over the years. A decreasing trend in the debt-to-equity ratio generally implies a lower financial risk as the company is using less debt to fund its operations, which may be viewed positively by investors and creditors. It suggests an improved financial stability and a more conservative capital structure over the period analyzed.
Peer comparison
Dec 31, 2024