Ovintiv Short Term Debt vs Net Debt Analysis

OVV Stock

USD 48.28 0.44 0.90%

Ovintiv financial indicator trend analysis is much more than just breaking down Ovintiv prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ovintiv is a good investment. Please check the relationship between Ovintiv Short Term Debt and its Net Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ovintiv. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

For more information on how to buy Ovintiv Stock please use our How to Invest in Ovintiv guide.

Short Term Debt vs Net Debt

Short Term Debt vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ovintiv Short Term Debt account and Net Debt. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Ovintiv's Short Term Debt and Net Debt is 0.17. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Net Debt in the same time period over historical financial statements of Ovintiv, assuming nothing else is changed. The correlation between historical values of Ovintiv's Short Term Debt and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Ovintiv are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Short Term Debt i.e., Ovintiv's Short Term Debt and Net Debt go up and down completely randomly.

Correlation Coefficient

0.17

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Short Term Debt

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Ovintiv's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ovintiv current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ovintiv. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

For more information on how to buy Ovintiv Stock please use our How to Invest in Ovintiv guide.At this time, Ovintiv's Tax Provision is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 4.34 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.16 in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	340M	311M	355M	467.4M
Depreciation And Amortization	1.3B	1.1B	1.8B	1.7B

Interest Expense Depreciation And Amortization

Ovintiv fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Total Assets		0.81	-0.18	0.59	0.8	0.92	0.84	0.51	0.16	0.05	0.96	0.2	-0.08	0.05	0.82	0.23	0.06	0.85	-0.02	0.56	0.34	0.88	0.19	0.46	0.12	0.32
Short Long Term Debt Total	0.81		-0.44	0.5	0.38	0.63	0.9	0.23	-0.08	0.36	0.71	0.3	-0.05	0.36	0.67	0.19	-0.01	0.92	0.33	0.26	0.42	0.92	-0.07	0.58	0.38	0.27
Other Current Liab	-0.18	-0.44		0.09	0.27	-0.02	-0.33	-0.19	0.5	-0.42	-0.09	-0.46	-0.25	-0.42	-0.16	-0.46	0.45	-0.58	-0.4	-0.12	-0.18	-0.49	0.77	-0.37	0.07	-0.51
Total Current Liabilities	0.59	0.5	0.09		0.36	0.57	0.47	0.2	0.22	0.16	0.5	0.14	-0.46	0.16	0.76	-0.38	0.27	0.45	0.08	0.42	0.2	0.61	0.45	0.47	0.56	-0.3
Total Stockholder Equity	0.8	0.38	0.27	0.36		0.85	0.55	0.39	0.24	-0.32	0.87	-0.09	0.04	-0.32	0.6	0.29	0.31	0.4	-0.4	0.4	0.04	0.43	0.43	0.05	-0.12	0.32
Property Plant And Equipment Net	0.92	0.63	-0.02	0.57	0.85		0.8	0.42	0.33	-0.28	0.97	-0.09	-0.25	-0.28	0.72	0.08	0.23	0.68	-0.28	0.51	0.22	0.73	0.36	0.16	-0.01	0.16
Net Debt	0.84	0.9	-0.33	0.47	0.55	0.8		0.09	-0.05	-0.06	0.86	-0.02	-0.04	-0.06	0.67	0.18	0.25	0.84	-0.06	0.26	0.26	0.85	0.09	0.23	0.17	0.24
Retained Earnings	0.51	0.23	-0.19	0.2	0.39	0.42	0.09		0.34	0.34	0.37	0.61	-0.23	0.34	0.33	0.17	-0.7	0.48	0.27	0.68	0.29	0.47	-0.16	0.62	0.03	0.25
Accounts Payable	0.16	-0.08	0.5	0.22	0.24	0.33	-0.05	0.34		-0.25	0.16	-0.26	-0.62	-0.25	-0.04	-0.56	-0.07	0.0	-0.14	0.38	0.12	0.04	0.6	0.04	-0.03	-0.53
Cash	0.05	0.36	-0.42	0.16	-0.32	-0.28	-0.06	0.34	-0.25		-0.21	0.8	0.02	1.0	0.14	0.13	-0.55	0.33	0.93	0.03	0.42	0.33	-0.47	0.85	0.49	0.19
Non Current Assets Total	0.96	0.71	-0.09	0.5	0.87	0.97	0.86	0.37	0.16	-0.21		-0.03	-0.05	-0.21	0.76	0.24	0.24	0.74	-0.25	0.46	0.22	0.77	0.28	0.2	-0.02	0.3
Non Currrent Assets Other	0.2	0.3	-0.46	0.14	-0.09	-0.09	-0.02	0.61	-0.26	0.8	-0.03		0.04	0.8	0.29	0.32	-0.66	0.39	0.66	0.31	0.23	0.37	-0.56	0.81	0.4	0.39
Other Assets	-0.08	-0.05	-0.25	-0.46	0.04	-0.25	-0.04	-0.23	-0.62	0.02	-0.05	0.04		0.02	-0.11	0.68	0.0	-0.05	-0.14	-0.18	-0.28	-0.15	-0.28	-0.13	-0.43	0.62
Cash And Short Term Investments	0.05	0.36	-0.42	0.16	-0.32	-0.28	-0.06	0.34	-0.25	1.0	-0.21	0.8	0.02		0.14	0.13	-0.55	0.33	0.93	0.03	0.42	0.33	-0.47	0.85	0.49	0.19
Net Receivables	0.82	0.67	-0.16	0.76	0.6	0.72	0.67	0.33	-0.04	0.14	0.76	0.29	-0.11	0.14		0.06	0.19	0.69	0.11	0.35	0.39	0.78	0.24	0.48	0.21	0.15
Common Stock Total Equity	0.23	0.19	-0.46	-0.38	0.29	0.08	0.18	0.17	-0.56	0.13	0.24	0.32	0.68	0.13	0.06		-0.14	0.23	-0.03	0.01	-0.17	0.13	-0.59	0.07	-0.28	0.99
Common Stock Shares Outstanding	0.06	-0.01	0.45	0.27	0.31	0.23	0.25	-0.7	-0.07	-0.55	0.24	-0.66	0.0	-0.55	0.19	-0.14		-0.24	-0.51	-0.37	-0.21	-0.15	0.57	-0.54	0.0	-0.18
Non Current Liabilities Total	0.85	0.92	-0.58	0.45	0.4	0.68	0.84	0.48	0.0	0.33	0.74	0.39	-0.05	0.33	0.69	0.23	-0.24		0.3	0.5	0.49	0.98	-0.17	0.64	0.18	0.33
Inventory	-0.02	0.33	-0.4	0.08	-0.4	-0.28	-0.06	0.27	-0.14	0.93	-0.25	0.66	-0.14	0.93	0.11	-0.03	-0.51	0.3		-0.15	0.59	0.28	-0.39	0.73	0.38	0.03
Other Current Assets	0.56	0.26	-0.12	0.42	0.4	0.51	0.26	0.68	0.38	0.03	0.46	0.31	-0.18	0.03	0.35	0.01	-0.37	0.5	-0.15		0.12	0.53	0.03	0.49	0.06	0.06
Other Stockholder Equity	0.34	0.42	-0.18	0.2	0.04	0.22	0.26	0.29	0.12	0.42	0.22	0.23	-0.28	0.42	0.39	-0.17	-0.21	0.49	0.59	0.12		0.48	-0.03	0.5	-0.03	-0.1
Total Liab	0.88	0.92	-0.49	0.61	0.43	0.73	0.85	0.47	0.04	0.33	0.77	0.37	-0.15	0.33	0.78	0.13	-0.15	0.98	0.28	0.53	0.48		-0.06	0.67	0.28	0.23
Property Plant And Equipment Gross	0.19	-0.07	0.77	0.45	0.43	0.36	0.09	-0.16	0.6	-0.47	0.28	-0.56	-0.28	-0.47	0.24	-0.59	0.57	-0.17	-0.39	0.03	-0.03	-0.06		-0.24	-0.02	-0.6
Total Current Assets	0.46	0.58	-0.37	0.47	0.05	0.16	0.23	0.62	0.04	0.85	0.2	0.81	-0.13	0.85	0.48	0.07	-0.54	0.64	0.73	0.49	0.5	0.67	-0.24		0.48	0.16
Short Term Debt	0.12	0.38	0.07	0.56	-0.12	-0.01	0.17	0.03	-0.03	0.49	-0.02	0.4	-0.43	0.49	0.21	-0.28	0.0	0.18	0.38	0.06	-0.03	0.28	-0.02	0.48		-0.24
Common Stock	0.32	0.27	-0.51	-0.3	0.32	0.16	0.24	0.25	-0.53	0.19	0.3	0.39	0.62	0.19	0.15	0.99	-0.18	0.33	0.03	0.06	-0.1	0.23	-0.6	0.16	-0.24

Click cells to compare fundamentals

Ovintiv Account Relationship Matchups

Ovintiv fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	21.5B	14.5B	14.1B	15.1B	20.0B	18.9B
Short Long Term Debt Total	8.2B	8.0B	5.8B	4.5B	6.7B	7.8B
Other Current Liab	114M	130M	703M	1.9B	1.6B	1.7B
Total Current Liabilities	2.4B	2.4B	2.7B	2.8B	2.8B	2.3B
Total Stockholder Equity	9.9B	3.8B	5.1B	7.7B	10.4B	8.3B
Property Plant And Equipment Net	16.2B	10.4B	9.7B	10.3B	15.5B	13.7B
Net Debt	8.0B	8.0B	5.6B	4.5B	6.7B	6.9B
Retained Earnings	421M	(5.8B)	(4.5B)	(1.1B)	697M	662.2M
Accounts Payable	355M	306M	328M	436M	586M	940.2M
Cash	190M	10M	195M	5M	3M	2.9M
Non Current Assets Total	19.6B	13.2B	12.5B	13.4B	18.3B	16.5B
Non Currrent Assets Other	140M	50M	17M	147M	58M	55.1M
Other Assets	741M	126M	1.1B	360M	324M	307.8M
Cash And Short Term Investments	190M	10M	195M	5M	3M	2.9M
Net Receivables	1.4B	1.1B	1.3B	1.5B	1.3B	1.1B
Common Stock Total Equity	6.1B	6.0B	8.5B	3M	2.7M	2.6M
Common Stock Shares Outstanding	261.2M	259.8M	266.4M	258.4M	263.9M	202.4M
Liabilities And Stockholders Equity	21.5B	14.5B	14.1B	15.1B	20.0B	18.9B
Non Current Liabilities Total	9.1B	8.2B	6.2B	4.6B	6.8B	8.3B
Other Current Assets	237M	98M	96M	168M	328M	583.3M
Other Stockholder Equity	1.4B	8.5B	8.5B	7.8B	8.6B	7.0B
Total Liab	11.6B	10.6B	9.0B	7.4B	9.6B	10.6B
Property Plant And Equipment Gross	16.2B	10.4B	58.3B	60.0B	67.4B	70.7B
Total Current Assets	1.9B	1.2B	1.6B	1.7B	1.7B	2.4B
Accumulated Other Comprehensive Income	1.0B	1.1B	1.1B	991M	1.1B	888.0M
Short Term Debt	167M	668M	68M	475M	378M	364.5M
Common Stock	4.8B	4.7B	7.1B	3M	2.7M	2.6M
Current Deferred Revenue	1.8B	1.3B	1.6B	232M	208.8M	198.4M
Good Will	2.6B	2.6B	2.6B	2.6B	2.6B	2.6B
Short Term Investments	41M	38M	67M	70M	59M	110.5M
Long Term Debt	7.0B	6.4B	4.8B	3.2B	5.5B	4.1B
Long Term Debt Total	7.1B	6.4B	4.8B	3.2B	2.9B	4.2B
Capital Surpluse	1.4B	8.5B	8.5B	7.8B	8.9B	9.4B
Property Plant Equipment	16.2B	9.5B	8.8B	10.3B	9.3B	8.8B
Other Liab	1.1B	865M	558M	569M	512.1M	486.5M
Net Tangible Assets	7.3B	1.2B	2.4B	5.1B	5.9B	4.4B
Deferred Long Term Liab	6M	145M	29M	44M	50.6M	35.8M
Long Term Investments	22M	28M	4M	27M	21M	30.3M

Pair Trading with Ovintiv

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ovintiv position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ovintiv will appreciate offsetting losses from the drop in the long position's value.

Moving together with Ovintiv Stock

0.91	PR	Permian Resources	Pair Corr
0.88	SD	SandRidge Energy	Pair Corr
0.86	SM	SM Energy	Pair Corr

The ability to find closely correlated positions to Ovintiv could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ovintiv when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ovintiv - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ovintiv to buy it.

The correlation of Ovintiv is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ovintiv moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ovintiv moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Ovintiv can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Ovintiv is a strong investment it is important to analyze Ovintiv's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Ovintiv's future performance. For an informed investment choice regarding Ovintiv Stock, refer to the following important reports:

How To Invest In Ovintiv

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Is Ovintiv Stock a good investment?

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What is Ovintiv's Net Worth?

Details

Largest Oil & Gas E&P Companies

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Largest Energy Companies

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ovintiv. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

For more information on how to buy Ovintiv Stock please use our How to Invest in Ovintiv guide.

You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Complementary Tools for Ovintiv Stock analysis

When running Ovintiv's price analysis, check to measure Ovintiv's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ovintiv is operating at the current time. Most of Ovintiv's value examination focuses on studying past and present price action to predict the probability of Ovintiv's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ovintiv's price. Additionally, you may evaluate how the addition of Ovintiv to your portfolios can decrease your overall portfolio volatility.

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Is Ovintiv's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ovintiv. If investors know Ovintiv will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ovintiv listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.37)

Dividend Share

1.2

Earnings Share

7.17

Revenue Per Share

39.271

Quarterly Revenue Growth

(0.08)

The market value of Ovintiv is measured differently than its book value, which is the value of Ovintiv that is recorded on the company's balance sheet. Investors also form their own opinion of Ovintiv's value that differs from its market value or its book value, called intrinsic value, which is Ovintiv's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ovintiv's market value can be influenced by many factors that don't directly affect Ovintiv's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Ovintiv's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ovintiv is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ovintiv's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Ovintiv Short Term Debt vs Net Debt Analysis

Short Term Debt vs Net Debt

Short Term Debt vs Net Debt Correlation Analysis

Correlation Coefficient

Short Term Debt

Net Debt

Ovintiv fundamental ratios Correlations

Ovintiv Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ovintiv fundamental ratios Accounts

Pair Trading with Ovintiv

Moving together with Ovintiv Stock

Complementary Tools for Ovintiv Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 0.99	Common Stock Total Equity
Total Liab	+ 0.98	Non Current Liabilities Total
Non Current Assets Total	+ 0.97	Property Plant And Equipment Net
Non Current Assets Total	+ 0.96	Total Assets
Inventory	+ 0.93	Cash

Common Stock Shares Outstanding	- 0.7	Retained Earnings
Common Stock Shares Outstanding	- 0.66	Non Currrent Assets Other
Other Assets	- 0.62	Accounts Payable
Common Stock	- 0.6	Property Plant And Equipment Gross
Property Plant And Equipment Gross	- 0.59	Common Stock Total Equity
Non Current Liabilities Total	- 0.58	Other Current Liab