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Ovintiv OVV Debt-to-equity

Other financials

Income statement

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Revenue$2.5B+6.5%
Operating income-$754.0M-747%
Net income-$630.0M-296%
EPS (diluted)-$2.35-285%

Balance sheet

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Cash & equivalents$26.0M+225%
Total debt$7.8B+15.6%
Total equity$11.6B+14.7%
Total assets$22.3B+13.7%

Cash flow

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Operating cash flow$1.1B+21.0%
CapEx$605.0M-1.9%
Free cash flow$451.0M+76.2%

Valuation

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Market cap$15.07B+51.0%
Enterprise value$22.85B+37.5%
P/E19.5×+5.0×
P/S1.7×+0.6×

Profitability

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Operating margin5.1%-5.7pp
Net margin8.5%+1.0pp

Returns & leverage

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Return on equity7.1%+0.4pp
Current ratio0.6×+0.1×

Where this comes from

Calculated from Ovintiv’s reported figures.

Based on the most recent quarter.

The official record: Ovintiv’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ovintiv's debt-to-equity?
Ovintiv (OVV) reported debt-to-equity of 0.7× in Q1 2026.
How has Ovintiv's debt-to-equity changed year-over-year?
Ovintiv's debt-to-equity increased by 0.8% year-over-year, from 0.7× to 0.7×.
What is the long-term trend for Ovintiv's debt-to-equity?
Over 4 years (2021 to 2025), Ovintiv's debt-to-equity has grown at a -19.9% compound annual growth rate (CAGR), from 6.1× to 2.5×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.