Devon Energy (DVN) Debt Ratio (2009 - 2026)
Devon Energy's (DVN) Debt Ratio stood at 0.16 in Q2 2026, down 43.2% from 0.28 a year earlier and down 37.7% from the prior quarter.
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Analysis
Devon Energy (DVN) Debt Ratio (2009 - 2026) Analysis & Trends
For FY2025, Devon Energy's Debt Ratio came in at 0.27, down 8.9% from FY2024.
- Across earlier years, Debt Ratio came in at 0.29 in FY2024 (+15.9%), 0.25 in FY2023 (-9.2%), 0.28 in FY2022 (-10.2%) and 0.31 in FY2021 (-28.9%).
- The Q2 2026 figure is the lowest quarterly Debt Ratio in data going back to Q2 2009.
- On a year-over-year basis, Debt Ratio has declined for four consecutive quarters, with an average decline of 0.8% over the last eight quarters.
- Peak year-over-year performance for Debt Ratio in the last five years was growth of 16.7% in Q1 2025, against a decline of 43.2% in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 0.26 (Q1 2026), 0.27 (Q4 2025) and 0.27 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 739.67 Bn | 696.16 Bn | - | 0.09 |
| 2 | Chevron | 445.48 Bn | 417.59 Bn | 33.45 Bn | 0.11 |
| 3 | Shell | 311.36 Bn | 241.10 Bn | 30.13 Bn | 0.19 |
| 4 | TotalEnergies SE | 198.63 Bn | 79.21 Bn | 61.77 Bn | 0.20 |
| 5 | Conocophillips | 177.30 Bn | 150.01 Bn | 12.81 Bn | 0.19 |
| 6 | Equinor Asa | 119.98 Bn | 34.43 Bn | - | 17.84 |
| 7 | Canadian Natural Resources | 113.18 Bn | 110.19 Bn | 8.84 Bn | - |
| 8 | Phillips 66 | 112.99 Bn | 100.78 Bn | 8.38 Bn | 0.25 |
| 9 | Suncor Energy | 95.03 Bn | 80.78 Bn | - | 0.10 |
| 10 | Devon Energy | 46.29 Bn | 46.29 Bn | 5.54 Bn | 0.16 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.16 |
| Mar 31, 2026 | 0.26 |
| Dec 31, 2025 | 0.27 |
| Sep 30, 2025 | 0.27 |
| Jun 30, 2025 | 0.28 |
| Mar 31, 2025 | 0.29 |
| Dec 31, 2024 | 0.29 |
| Sep 30, 2024 | 0.29 |
| Jun 30, 2024 | 0.24 |
| Mar 31, 2024 | 0.25 |
| Dec 31, 2023 | 0.25 |
| Sep 30, 2023 | 0.25 |
| Jun 30, 2023 | 0.27 |
| Mar 31, 2023 | 0.27 |
| Dec 31, 2022 | 0.28 |
| Sep 30, 2022 | 0.27 |
| Jun 30, 2022 | 0.28 |
| Mar 31, 2022 | 0.30 |
| Dec 31, 2021 | 0.31 |
| Sep 30, 2021 | 0.31 |
API Access
Devon Energy Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=DVN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "DVN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=DVN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();