Ovintiv Inc (OVV)

Debt-to-assets ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands
Total assets US$ in thousands 19,254,000 19,987,000 15,056,000 14,055,000 14,469,000
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $19,254,000K
= 0.00

Ovintiv Inc has consistently maintained a debt-to-assets ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used debt financing to fund its operations and investments during this period. A debt-to-assets ratio of 0.00 implies that the company's assets are entirely financed by equity, which can be a positive sign as it signifies lower financial risk and a strong financial position. However, it is essential to consider other financial metrics and qualitative factors to gain a holistic understanding of Ovintiv's overall financial health and stability.