Ovintiv (OVV) Debt Ratio (2018 - 2026)

Ovintiv (OVV) posted quarterly Debt Ratio of 0.19 for Q2 2026, down 29.08% year-on-year from 0.27 in Q2 2025, and down 33.22% on a QoQ basis from 0.29 in Q1 2026.

Ovintiv (OVV) Debt Ratio (2018 - 2026) Analysis & Trends

Ovintiv (OVV) has reported Debt Ratio for 9 consecutive years, with 0.19 the latest figure, recorded in Q2 2026.

  • Quarterly Debt Ratio fell 29.08% year-over-year to 0.19 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 0.19 (down 29.08% YoY) and the FY2025 annual result came in at 0.26, down 9.92% from the prior year.
  • Debt Ratio declined to 0.19 in Q2 2026 per OVV's latest filing, from 0.29 in the prior quarter.
  • Over the last five years, Debt Ratio for OVV reached as high as 0.32 in Q1 2022 and fell as low as 0.19 in Q2 2026.
  • A 5-year average of 0.28 and a median of 0.28 in 2025 frame the typical range for Debt Ratio.
  • Annual changes were most pronounced in 2022 — Debt Ratio tumbled 32.26% — and 2024, when it climbed 25.82%.
  • Year by year, Debt Ratio stood at 0.24 in 2022, then surged by 30.61% to 0.31 in 2023, then declined by 8.55% to 0.28 in 2024, then dropped by 9.92% to 0.26 in 2025, then declined by 24.88% to 0.19 in 2026.
  • According to Business Quant data, Debt Ratio over the past three periods registered 0.19, 0.29, and 0.26 for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Conocophillips 141.43 Bn 135.06 Bn 9.48 Bn 0.19
2 Eog Resources 74.61 Bn 70.76 Bn - 0.15
3 Diamondback Energy 55.39 Bn 55.39 Bn 4.22 Bn 0.20
4 Woodside Energy 41.28 Bn 35.34 Bn 2.71 Bn -
5 Occidental Petroleum 32.80 Bn 28.99 Bn 4.87 Bn 0.19
6 Eqt 32.48 Bn 32.37 Bn 1.42 Bn 0.14
7 Texas Pacific Land 27.36 Bn 27.11 Bn - -
8 Devon Energy 26.53 Bn 24.72 Bn 3.61 Bn 0.26
9 Expand Energy 21.67 Bn 19.37 Bn 4.21 Bn 0.20
10 Ovintiv 16.84 Bn 15.96 Bn 2.83 Bn 0.19

Historic Data

Download Data
DateValue
Jun 30, 2026 0.19
Mar 31, 2026 0.29
Dec 31, 2025 0.26
Sep 30, 2025 0.27
Jun 30, 2025 0.27
Mar 31, 2025 0.28
Dec 31, 2024 0.28
Sep 30, 2024 0.30
Jun 30, 2024 0.31
Mar 31, 2024 0.31
Sep 30, 2023 0.31
Jun 30, 2023 0.31
Mar 31, 2023 0.25
Dec 31, 2022 0.24
Sep 30, 2022 0.25
Jun 30, 2022 0.26
Mar 31, 2022 0.32
Dec 31, 2021 0.34
Sep 30, 2021 0.35
Jun 30, 2021 0.39