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Devon Energy DVN Debt-to-assets

Debt-to-assets at other companies

Occidental Petroleum logo
Occidental PetroleumOXY
0.2×-0.1×
EOG Resources logo
EOG ResourcesEOG
0.2×0.0×
Oneok logo
OneokOKE
0.5×0.0×
Permian Resources logo
Permian ResourcesPR
0.2×0.0×
EQT Corporation logo
EQT CorporationEQT
0.1×-0.1×
Imperial Oil logo
Imperial OilIMO
0.1×0.0×

Other financials

Income statement

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Revenue$3.8B-14.5%
Net income$120.0M-75.7%
EPS (diluted)$0.19-75.3%

Balance sheet

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Total debt$8.7B-3.5%
Total equity$15.4B+6.1%
Total assets$32.5B+5.2%

Cash flow

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Operating cash flow$1.7B-14.8%
CapEx$839.0M-10.2%
Free cash flow$816.0M-19.1%

Valuation

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Market cap$49.11B+28.7%
P/E21.7×+8.0×
P/S+0.7×

Profitability

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Gross margin63.5%
Operating margin-76.3%
Net margin13.7%-2.9pp

Returns & leverage

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Return on equity15.1%-5.8pp
Debt / equity0.6×-0.1×
Current ratio-0.1×

Where this comes from

Calculated from Devon Energy’s reported figures.

Based on the most recent quarter.

The official record: Devon Energy’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Devon Energy's debt-to-assets?
Devon Energy (DVN) reported debt-to-assets of 0.3× in Q1 2026.
How has Devon Energy's debt-to-assets changed year-over-year?
Devon Energy's debt-to-assets decreased by 8.2% year-over-year, from 0.3× to 0.3×.
What is the long-term trend for Devon Energy's debt-to-assets?
Over 4 years (2021 to 2025), Devon Energy's debt-to-assets has grown at a -4.3% compound annual growth rate (CAGR), from 1.4× to 1.1×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.