Ovintiv Inc (OVV)
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 | 1,369,000 | 1,507,000 | 1,400,000 | 1,452,000 | 1,676,000 | 1,581,000 | 1,479,000 | 1,395,000 | 1,695,000 | 1,702,000 | 2,030,000 | 2,168,000 | 1,587,000 | 1,328,000 | 1,443,000 | 1,239,000 | 1,247,000 | 1,219,000 | 1,474,000 | 2,241,000 |
| 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 |
| Current ratio | 0.51 | 0.52 | 0.44 | 0.52 | 0.60 | 0.45 | 0.45 | 0.53 | 0.61 | 0.51 | 0.51 | 0.54 | 0.58 | 0.40 | 0.43 | 0.36 | 0.51 | 0.70 | 0.89 | 1.04 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,369,000K ÷ $2,681,000K
= 0.51
The current ratio of Ovintiv Inc has experienced fluctuations over the past years, ranging from as low as 0.36 to as high as 1.04. The ratio deteriorated in the early part of the period, reaching a low of 0.36 on March 31, 2021. However, there was a modest recovery seen in the subsequent quarters. It hovered around 0.5 for most of the period, indicating that the company's current assets were generally lower than its current liabilities.
A current ratio below 1 implies that Ovintiv Inc may have had difficulty meeting its short-term obligations with its current assets alone during certain periods. The ratio peaked at 1.04 on March 31, 2020, suggesting a better ability to cover its short-term liabilities with current assets at that point in time.
Overall, the trend of the current ratio indicates possible liquidity challenges for Ovintiv Inc, specifically highlighting a potential strain on short-term financial health during the analyzed period.
Peer comparison
Dec 31, 2024