Ovintiv (Ovintiv) Interest Expense

: $-362 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ovintiv's interest expense for the three months ended in Dec. 2023 was $ -106 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-362 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Ovintiv's Operating Income for the three months ended in Dec. 2023 was $ 1,281 Mil. Ovintiv's Interest Expense for the three months ended in Dec. 2023 was $ -106 Mil. Ovintiv's Interest Coverage for the quarter that ended in Dec. 2023 was 12.08. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Ovintiv Interest Expense Historical Data

The historical data trend for Ovintiv's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ovintiv Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-382.00

-371.00

-340.00

-311.00

-355.00

Ovintiv Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-63.00	-71.00	-80.00	-105.00	-106.00

Ovintiv Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-362 Mil.

Ovintiv (NYSE:OVV) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Ovintiv's Interest Expense for the three months ended in Dec. 2023 was $-106 Mil. Its Operating Income for the three months ended in Dec. 2023 was $1,281 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $6,305 Mil.

Ovintiv's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1281	/	-106
	=	12.08

The higher the ratio, the stronger the company's financial strength is.

Ovintiv (Ovintiv) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ovintiv Inc (NYSE:OVV) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

47Q:Germany 47Q:Germany OVV:Canada

Address

370 - 17th Street, Suite 1700, Denver, CO, USA, 80202

Website

https://www.ovintiv.com

Ovintiv is an independent oil and gas producer with key assets in the Permian, Eagle Ford, Montney, and Duvernay areas. At the end of 2019, the company reported net proven reserves of 1,348 million barrels of oil equivalent. Net production averaged 543 thousand barrels of oil equivalent per day in 2020 at a ratio of 53% oil and natural gas liquids and 47% natural gas.

Executives

Meghan Nicole Eilers	officer: EVP, GC & Corporate Secretary	4 WATERWAY SQUARE PLACE, SUITE 100, THE WOODLANDS TX 77380
Steven W Nance	director	130 EAST RANDOLPH DRIVE, CHICAGO IL 60601
Renee Ellen Zemljak	officer: EVP, Midstream, Mrktg & Fndmtl	SUITE 1700, 370 - 17TH STREET, DENVER CO 80202
Howard John Mayson	director	C/O 500 CENTRE STREET SE, CALGARY A0 T2P 2S5
Ralph Izzo	director	PSEG 80 PARK PLAZA, T6B NEWARK NJ 07102-4194
Thomas G Ricks	director	H&S VENTURES LLC, 2101 EAST COAST HWY - 3RD FLOOR, CORONA DEL MAR CA 92625
Katherine Lucas Minyard	director	370 17TH STREET, SUITE 1700, DENVER CO 80202
George Pita	director	3000 NW 107TH AVENUE, MIAMI FL 33172
Joanne Linette Alexander	officer: EVP, General Counsel & CorpSec	500 CENTRE STREET SE, CALGARY A0 T2P 2S5
Meg Gentle	director	717 TEXAS AVENUE, SUITE 3100, HOUSTON TX 77002
Rachel Maureen Moore	officer: EVP, Corporate Services	C/O 500 CENTRE STREET SE, CALGARY A0 T2P 2S5
Douglas James Suttles	director, officer: Chief Executive Officer	500 CENTRE STREET SE, CALGARY A0 T2P 2S5
Brendan Michael Mccracken	officer: EVP, Corp Dev & Ext Relations	C/O 500 CENTRE STREET SE, CALGARY A0 T2P 2S5
Bruce Gordon Waterman	director	C/O 500 CENTRE STREET SE, CALGARY A0 T2P 2S5
Code Corey Douglas	officer: EVP & CFO	500 CENTRE STREET SE, CALGARY A0 T2P 2S5