Ovintiv Inc (OVV)
Debt-to-assets 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 19,254,000 | 70,914,000 | 19,809,000 | 19,834,000 | 19,987,000 | 19,900,000 | 19,519,000 | 15,123,000 | 15,056,000 | 14,374,000 | 14,923,000 | 14,900,000 | 14,055,000 | 13,636,000 | 13,767,000 | 14,534,000 | 14,469,000 | 15,157,000 | 16,795,000 | 21,505,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
Based on the provided data, Ovintiv Inc has consistently maintained a debt-to-assets ratio of 0.00 from March 31, 2020, to December 31, 2024.
A debt-to-assets ratio of 0.00 indicates that the company has no debt in relation to its total assets. This could suggest that Ovintiv Inc has a strong financial position with minimal or no financial leverage.
A low debt-to-assets ratio can be seen as a positive indicator since it implies that the company is less reliant on debt financing and has a lower risk of financial distress due to debt obligations.
Overall, the stable and low debt-to-assets ratio demonstrated by Ovintiv Inc over the years indicates a conservative financial strategy and a solid capital structure with a lower level of financial risk.
Peer comparison
Dec 31, 2024