Ovintiv Inc (OVV)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 10,331,000 | 10,655,000 | 10,328,000 | 10,262,000 | 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 |
| Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $10,331,000K
= 0.00
The debt-to-equity ratio for Ovintiv Inc has been consistently reported as 0.00 across the different quarters between March 31, 2020, and December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt or that its debt is minimal compared to its equity. This reflects a relatively low financial risk for the company, as it suggests that the company is primarily financed through equity rather than debt.
Having a low or zero debt-to-equity ratio can be viewed positively by investors as it signifies a lower level of financial leverage and indicates the company is not relying heavily on borrowing to fund its operations or growth. However, it is important to note that a very low debt-to-equity ratio may also indicate missed opportunities for potential leverage that could enhance returns for shareholders in certain market conditions.
Overall, Ovintiv Inc's consistent 0.00 debt-to-equity ratio suggests a conservative financial strategy with a focus on equity financing, which can be beneficial in terms of stability and financial risk management.
Peer comparison
Dec 31, 2024