Devon Energy (MEX:DVN) Debt-to-EBITDA : 1.19 (As of Dec. 2024)

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What is Devon Energy Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Devon Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was MXN10,115 Mil. Devon Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was MXN181,820 Mil. Devon Energy's annualized EBITDA for the quarter that ended in Dec. 2024 was MXN161,757 Mil. Devon Energy's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2024 was 1.19.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Devon Energy's Debt-to-EBITDA or its related term are showing as below:

MEX:DVN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -2.97 Med: 1.24 Max: 11.31
Current: 1.25

During the past 13 years, the highest Debt-to-EBITDA Ratio of Devon Energy was 11.31. The lowest was -2.97. And the median was 1.24.

MEX:DVN's Debt-to-EBITDA is ranked better than
63.62% of 712 companies
in the Oil & Gas industry
Industry Median: 1.875 vs MEX:DVN: 1.25

Devon Energy Debt-to-EBITDA Historical Data

The historical data trend for Devon Energy's Debt-to-EBITDA 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.

* Premium members only.

Devon Energy Debt-to-EBITDA Chart

Devon Energy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-EBITDA

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-2.97

1.24

0.65

0.86

1.25

Devon Energy Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-EBITDA	Get a 7-Day Free Trial															0.74	1.02	0.85	1.18	1.19

Competitive Comparison of Devon Energy's Debt-to-EBITDA

For the Oil & Gas E&P subindustry, Devon Energy's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Devon Energy's Debt-to-EBITDA Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Devon Energy's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Devon Energy's Debt-to-EBITDA falls into.

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Devon Energy Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Devon Energy's Debt-to-EBITDA for the fiscal year that ended in Dec. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(10115.014	+	181819.992)	/	153664.797
	=	1.25

Devon Energy's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2024 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(10115.014	+	181819.992)	/	161756.808
	=	1.19

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2024) EBITDA data.

Devon Energy (MEX:DVN) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Devon Energy Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Devon Energy's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Devon Energy Business Description

Industry

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Traded in Other Exchanges

DVN:USA 1DY6:Italy DY6d:UK 0I8W:UK DY6:Germany DY6:Germany DY6:Germany D1VN34:Brazil DY6:Bulgaria DVN:Austria

Address

333 West Sheridan Avenue, Oklahoma, OK, USA, 73102-5015

Website

https://www.devonenergy.com

Devon Energy is an oil and gas producer with acreage in several top US shale plays. While roughly two thirds of its production comes from the Permian Basin, it also holds a meaningful presence in the Anadarko, Eagle Ford, and Bakken basins. At the end of 2024, Devon reported net proved reserves of 2.2 billion barrels of oil equivalent. Net production averaged roughly 848,000 barrels of oil equivalent per day in 2024 at a ratio of 73% oil and natural gas liquids and 27% natural gas.