Devon Energy Corporation (DVN)
Debt-to-equity 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 8,398,000 | 8,884,000 | 5,665,000 | 5,668,000 | 5,672,000 | 5,675,000 | 6,169,000 | 6,175,000 | 6,189,000 | 6,196,000 | 6,461,000 | 6,471,000 | 6,482,000 | 6,492,000 | 6,502,000 | 7,042,000 | 4,298,000 | 4,297,000 | 4,296,000 | 4,295,000 |
| Total stockholders’ equity | US$ in thousands | 14,496,000 | 14,277,000 | 12,551,000 | 12,167,000 | 12,061,000 | 11,639,000 | 11,021,000 | 10,977,000 | 11,167,000 | 10,873,000 | 10,090,000 | 9,300,000 | 9,262,000 | 8,924,000 | 8,399,000 | 8,353,000 | 2,885,000 | 3,023,000 | 3,227,000 | 3,919,000 |
| Debt-to-equity ratio | 0.58 | 0.62 | 0.45 | 0.47 | 0.47 | 0.49 | 0.56 | 0.56 | 0.55 | 0.57 | 0.64 | 0.70 | 0.70 | 0.73 | 0.77 | 0.84 | 1.49 | 1.42 | 1.33 | 1.10 |
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 of Devon Energy Corporation has shown a declining trend over the past few years, indicating a decreasing level of financial leverage. From March 31, 2020, to December 31, 2024, the ratio decreased from 1.10 to 0.58. This suggests that the company has been reducing its reliance on debt financing in relation to equity, which could be a positive sign for investors as lower levels of debt typically indicate lower financial risk. The decreasing trend in the debt-to-equity ratio may also imply improved financial stability and a stronger financial position for Devon Energy Corporation.
Peer comparison
Dec 31, 2024