Ovintiv Inc (OVV)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 10,331,000 | 10,370,000 | 7,689,000 | 5,074,000 | 3,837,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $10,331,000K)
= 0.00
The debt-to-capital ratio of Ovintiv Inc has been consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used debt as a significant source of financing relative to its total capital during this period. A debt-to-capital ratio of 0.00 suggests that the company may be relying more on equity financing or internal funds to support its operations and growth, rather than taking on debt. A low debt-to-capital ratio can be viewed positively as it signifies lower financial risk and potentially greater financial stability for the company.
Peer comparison
Dec 31, 2024