Tax receivable within other current assets
Ovintiv Tax receivable within other current assets increased by 179.3% to $81.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 268.2%, from $22.00M to $81.00M. Over 5 years (FY 2020 to FY 2025), Tax receivable within other current assets shows a downward trend with a -36.1% CAGR.
Analysis
How to read this metric
An increase may indicate overpayment of estimated taxes or the realization of tax credits, while a decrease suggests the collection of these receivables or a shift in tax liability status.
Detailed definition
This represents the amount of income tax overpayments or credits due to the company from tax authorities that are expect...
Peer comparison
Common across all capital-intensive industries; peers typically report this within current assets or as a component of other receivables.
other_income_taxes_receivableHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $96.00M | $98.00M | $97.00M | $98.00M | $61.00M | $57.00M | $43.00M | $3.00M | $7.00M | $4.00M | $17.00M | $31.00M | $67.00M | $64.00M | $36.00M | $22.00M | $5.00M | $13.00M | $29.00M | $81.00M |
| QoQ Change | — | +2.1% | -1.0% | +1.0% | -37.8% | -6.6% | -24.6% | -93.0% | +133.3% | -42.9% | +325.0% | +82.4% | +116.1% | -4.5% | -43.8% | -38.9% | -77.3% | +160.0% | +123.1% | +179.3% |
| YoY Change | — | — | — | — | -36.5% | -41.8% | -55.7% | -96.9% | -88.5% | -93.0% | -60.5% | +933.3% | +857.1% | >999% | +111.8% | -29.0% | -92.5% | -79.7% | -19.4% | +268.2% |
Tax receivable within other current assets at Other Companies
Frequently Asked Questions
- What is Ovintiv's tax receivable within other current assets?
- Ovintiv (OVV) reported tax receivable within other current assets of $81.00M in Q1 2026.
- How has Ovintiv's tax receivable within other current assets changed year-over-year?
- Ovintiv's tax receivable within other current assets increased by 268.2% year-over-year, from $22.00M to $81.00M.
- What is the long-term trend for Ovintiv's tax receivable within other current assets?
- Over 5 years (2020 to 2025), Ovintiv's tax receivable within other current assets has grown at a -36.1% compound annual growth rate (CAGR), from $272.00M to $29.00M.
- What does tax receivable within other current assets mean?
- Income tax refunds or credits owed to the company by tax authorities.