Ovintiv Inc (OVV)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 42,000 | 9,000 | 8,000 | 5,000 | 3,000 | 3,000 | 52,000 | 26,000 | 5,000 | 18,000 | 8,000 | 271,000 | 195,000 | 8,000 | 122,000 | 9,000 | 10,000 | 32,000 | 39,000 | 82,000 |
| Short-term investments | US$ in thousands | — | — | — | — | 59,000 | — | — | — | 70,000 | — | — | — | 67,000 | — | — | — | 38,000 | — | — | — |
| Total current liabilities | US$ in thousands | 2,681,000 | 2,892,000 | 3,200,000 | 2,783,000 | 2,812,000 | 3,543,000 | 3,310,000 | 2,632,000 | 2,780,000 | 3,309,000 | 3,991,000 | 3,983,000 | 2,748,000 | 3,351,000 | 3,366,000 | 3,461,000 | 2,423,000 | 1,749,000 | 1,653,000 | 2,160,000 |
| Cash ratio | 0.02 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.02 | 0.01 | 0.03 | 0.01 | 0.00 | 0.07 | 0.10 | 0.00 | 0.04 | 0.00 | 0.02 | 0.02 | 0.02 | 0.04 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($42,000K
+ $—K)
÷ $2,681,000K
= 0.02
The cash ratio of Ovintiv Inc has fluctuated over the past few years, indicating variations in the company's ability to cover its short-term liabilities with cash and cash equivalents. As of December 31, 2024, the cash ratio stood at 0.02, suggesting the company had $0.02 in cash and cash equivalents for every $1 of current liabilities.
The trend in the cash ratio shows some periods of improvement, with peaks observed in December 31, 2021 (0.10) and March 31, 2022 (0.07), indicating better liquidity positions during those periods. However, there have also been instances of lower cash ratios, such as in March 31, 2021 (0.00) and March 31, 2024 (0.00), implying potential liquidity challenges.
It is essential for investors and analysts to monitor Ovintiv's cash ratio closely to assess the company's liquidity risk and ability to meet its short-term obligations. A consistently low cash ratio may raise concerns about the company's financial health and ability to manage liquidity effectively.
Peer comparison
Dec 31, 2024