Ovintiv Inc (OVV)

Debt-to-capital ratio

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 Dec 31, 2019
Long-term debt US$ in thousands 5,453,000 5,454,000 5,454,000 3,176,000 3,177,000 3,178,000 3,687,000 4,775,000 4,786,000 4,791,000 4,796,000 5,300,000 6,367,000 7,142,000 7,366,000 7,006,000 6,974,000
Total stockholders’ equity US$ in thousands 10,370,000 9,552,000 9,316,000 7,894,000 7,689,000 6,550,000 5,821,000 4,684,000 5,074,000 3,797,000 3,934,000 4,134,000 3,837,000 4,352,000 5,873,000 10,191,000 9,930,000
Debt-to-capital ratio 0.34 0.36 0.37 0.29 0.29 0.33 0.39 0.50 0.49 0.56 0.55 0.56 0.62 0.62 0.56 0.41 0.41

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $5,453,000K ÷ ($5,453,000K + $10,370,000K)
= 0.34

The debt-to-capital ratio of Ovintiv Inc has exhibited some fluctuations over the past eight quarters. The ratio has ranged from a low of 0.32 in Q1 2023 to a high of 0.51 in Q1 2022. Generally, the trend seems to have been decreasing from Q1 2022 to Q1 2023, with the ratio progressively declining. This indicates that the company has been reducing its reliance on debt relative to its total capital over this period. However, the ratio increased slightly in Q2 and Q3 2023 compared to the previous quarters, suggesting a potential shift in the company's capital structure during that time. Overall, monitoring the debt-to-capital ratio can provide insights into the financial leverage and risk management strategies of Ovintiv Inc.


Peer comparison

Dec 31, 2023