Ovintiv Inc. (OVV) Balance Sheet

NYSE: OVVAssets, liabilities, debt and equity over 10 years.

OVV balance sheet, 2025

December 31, 2025 · U.S. dollars

$20.39B assets = $9.20B liabilities + $11.20B equity

Both columns are drawn to the same scale: what OVV owns equals what it owes plus shareholders’ equity. Hover a block for its value.

OVV financial health

Current ratio0.54

Tight · current assets cover current liabilities 0.54×

Debt / equity0.67

Moderate leverage · $0.67 of debt for each $1 of equity

Equity / assets54.9%

Equity-funded · of assets funded by shareholders

Cash / debt3.7%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles12.6%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

OVV balance sheet trends, 2016–2025

Ovintiv Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	$14.65B2016	$20.39B2025	+3.7%/yr
Total liabilities	$8.53B2016	$9.20B2025	+0.8%/yr
Shareholders’ equity	$6.13B2016	$11.20B2025	+6.9%/yr
Cash & short-term investments	$834.0M2016	$280.0M2025	−11.4%/yr
Total debt	$5.83B2016	$7.53B2025	+2.9%/yr
Net cash (debt)	−$4.99B2016	−$7.25B2025	−$2.3B
Working capital	$361.0M2016	−$1.27B2025	−$1.6B
Book value per share	$34.702016	$43.112025	+2.4%/yr
Current ratio	1.232016	0.542025	−0.69
Debt / equity	0.952016	0.672025	−0.28
Shares outstanding	176.5M2016	259.7M2025	+4.4%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

OVV assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

OVV liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

OVV debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

OVV balance sheet

Ovintiv Inc. annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	$280.0M	$42.0M	$3.0M	$5.0M	$195.0M	$10.0M	$190.0M	$1.06B	$719.0M	$834.0M
Cash & equivalents	$35.0M	$42.0M	$3.0M	$5.0M	$195.0M	$10.0M	$190.0M	$1.06B	$719.0M	$834.0M
Short-term investments	$245.0M	$0	$59.0M	$70.0M	$67.0M	$38.0M	$41.0M	$554.0M	$205.0M	$11.0M
Receivables	$1.16B	$1.12B	$1.34B	$1.64B	$1.39B	$1.20B	$1.53B	$730.0M	$716.0M	$634.0M
Inventory	$0	$0	−$55.0M	$0	$9.0M	$23.0M	$7.0M	$0	$61.0M	$0
Other current assets	$86.0M	$206.0M	$383.0M	$53.0M	$0	$14.0M	$141.0M	$888.0M	$775.0M	$455.0M
Total current assets	$1.52B	$1.37B	$1.68B	$1.70B	$1.59B	$1.25B	$1.87B	$2.68B	$2.27B	$1.92B
Property, plant & equipment (net)	$15.43B	$15.15B	$15.53B	$10.34B	$9.69B	$10.44B	$16.24B	$8.97B	$8.95B	$8.14B
Goodwill & intangible assets	$2.58B	$2.55B	$2.60B	$2.58B	$2.63B	$2.62B	$2.61B	$2.55B	$2.61B	$2.78B
Long-term investments	$20.0M	$33.0M	$26.0M	$21.0M	$27.0M	$4.0M	$28.0M	$22.0M	$26.0M	$26.0M
Other non-current assets	$840.0M	$154.0M	$152.0M	$418.0M	$123.0M	$152.0M	$741.0M	$1.12B	$1.41B	$1.79B
Total assets	$20.39B	$19.25B	$19.99B	$15.06B	$14.05B	$14.47B	$21.49B	$15.34B	$15.27B	$14.65B
Liabilities
Accounts payable	$390.0M	$435.0M	$586.0M	$436.0M	$328.0M	$306.0M	$355.0M	$233.0M	$258.0M	$240.0M
Short-term debt	$927.0M	$690.0M	$378.0M	$475.0M	$68.0M	$668.0M	$167.0M	$584.0M	$79.0M	$59.0M
Deferred revenue	—	−$1.33B	$1.03B	—	$1.65B	$1.32B	$1.80B	$1.0M	$1.08B	$1.01B
Total current liabilities	$2.79B	$2.68B	$2.81B	$2.78B	$2.75B	$2.42B	$2.43B	$2.02B	$1.66B	$1.56B
Long-term debt	$4.39B	$4.87B	$5.47B	$3.20B	$4.79B	$6.37B	$7.09B	$3.91B	$4.49B	$4.50B
Lease obligations	$1.22B	$839.0M	$946.0M	$923.0M	$990.0M	$1.13B	$1.26B	$1.52B	$1.72B	$1.63B
Other long-term liabilities	$2.01B	$1.38B	$1.33B	$1.38B	$1.45B	$1.84B	$2.03B	$1.97B	$2.39B	$2.46B
Total liabilities	$9.20B	$8.92B	$9.62B	$7.37B	$8.98B	$10.63B	$11.56B	$7.90B	$8.54B	$8.53B
Shareholders' equity
Common stock & paid-in capital	$3.0M	$3.0M	$3.0M	$3.0M	$3.0M	$3.0M	$7.06B	$4.66B	$4.76B	$4.76B
Retained earnings (deficit)	$2.44B	$1.51B	$697.0M	−$1.08B	−$4.48B	−$5.77B	$421.0M	$435.0M	−$429.0M	−$1.20B
Accumulated other comprehensive income	$973.0M	$777.0M	$1.05B	$991.0M	$1.09B	$1.08B	$1.05B	$998.0M	$1.04B	$1.21B
Total shareholders' equity	$11.20B	$10.33B	$10.37B	$7.69B	$5.07B	$3.84B	$9.93B	$7.45B	$6.73B	$6.13B
Key figures
Total debt	$7.53B	$6.29B	$6.68B	$4.49B	$5.78B	$8.01B	$8.24B	$5.72B	$5.92B	$5.83B
Net cash (debt)	−$7.25B	−$6.25B	−$6.68B	−$4.49B	−$5.58B	−$8.00B	−$8.05B	−$4.66B	−$5.20B	−$4.99B
Working capital	−$1.27B	−$1.31B	−$1.14B	−$1.08B	−$1.16B	−$1.18B	−$563.0M	$660.0M	$613.0M	$361.0M
Tangible book value	$8.62B	$7.79B	$7.77B	$5.11B	$2.45B	$1.21B	$7.32B	$4.89B	$4.12B	$3.35B
Book value per share	$43.11	$38.64	$39.30	$29.76	$19.05	$14.77	$38.02	$38.79	$34.57	$34.70
Shares outstanding	259.7M	267.4M	263.9M	258.4M	266.4M	259.8M	261.2M	192.0M	194.6M	176.5M
Current ratio	0.54	0.51	0.60	0.61	0.58	0.51	0.77	1.33	1.37	1.23
Quick ratio	0.51	0.43	0.48	0.59	0.58	0.50	0.71	0.89	0.87	0.94
Debt / equity	0.67	0.61	0.64	0.58	1.14	2.09	0.83	0.77	0.88	0.95
Equity / assets	54.9%	53.7%	51.9%	51.1%	36.1%	26.5%	46.2%	48.5%	44.1%	41.8%

Ovintiv Inc. quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	$700.0M	$26.0M	$280.0M	$25.0M	$20.0M	$8.0M	$42.0M	$9.0M	$8.0M	$5.0M	$3.0M	$3.0M
Cash & equivalents	$700.0M	$26.0M	$35.0M	$25.0M	$20.0M	$8.0M	$42.0M	$9.0M	$8.0M	$5.0M	$3.0M	$3.0M
Short-term investments	$0	$0	$245.0M	—	—	—	$0	—	—	—	$59.0M	—
Receivables	$1.36B	$1.56B	$1.16B	$1.07B	$1.13B	$1.26B	$1.12B	$1.35B	$1.27B	$1.30B	$1.46B	$1.53B
Inventory	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other current assets	$187.0M	$226.0M	$86.0M	$77.0M	$98.0M	$80.0M	$206.0M	$144.0M	$117.0M	$146.0M	$214.0M	$50.0M
Total current assets	$2.25B	$1.81B	$1.52B	$1.17B	$1.24B	$1.35B	$1.37B	$1.51B	$1.40B	$1.45B	$1.68B	$1.58B
Property, plant & equipment (net)	$13.20B	$15.93B	$15.43B	$14.12B	$14.38B	$14.27B	$15.15B	$14.82B	$14.84B	$14.81B	$15.53B	$14.52B
Goodwill & intangible assets	$2.32B	$2.84B	$2.58B	$2.57B	$2.58B	$2.55B	$2.55B	$2.59B	$2.58B	$2.58B	$2.60B	$2.58B
Long-term investments	$0	$0	$20.0M	$0	$0	$0	$33.0M	$0	$0	$0	$26.0M	$0
Other non-current assets	$1.50B	$1.71B	$840.0M	$1.52B	$1.53B	$1.45B	$154.0M	$949.0M	$988.0M	$991.0M	$152.0M	$1.22B
Total assets	$19.28B	$22.29B	$20.39B	$19.39B	$19.73B	$19.61B	$19.25B	$19.86B	$19.81B	$19.83B	$19.99B	$19.90B
Liabilities
Accounts payable	$2.09B	$1.93B	$390.0M	$1.67B	$1.80B	$1.86B	$435.0M	$1.78B	$1.87B	$1.92B	$586.0M	$2.42B
Short-term debt	$105.0M	$1.01B	$927.0M	$931.0M	$1.05B	$1.25B	$690.0M	$1.11B	$1.32B	$823.0M	$378.0M	$790.0M
Deferred revenue	—	—	—	—	—	—	—	—	$2.0M	$10.0M	$232.0M	$151.0M
Total current liabilities	$2.23B	$3.21B	$2.79B	$2.64B	$2.87B	$3.16B	$2.68B	$2.89B	$3.20B	$2.78B	$2.81B	$3.54B
Long-term debt	$3.69B	$5.52B	$4.39B	$4.39B	$4.40B	$4.40B	$4.87B	$4.87B	$4.85B	$5.45B	$5.45B	$5.48B
Lease obligations	$1.33B	$1.41B	$1.22B	$1.22B	$1.26B	$1.22B	$839.0M	$898.0M	$905.0M	$914.0M	$946.0M	$916.0M
Other long-term liabilities	$1.85B	$2.00B	$2.01B	$2.12B	$2.08B	$1.97B	$1.38B	$1.45B	$1.43B	$1.34B	$1.35B	$1.33B
Total liabilities	$7.78B	$10.74B	$9.20B	$9.15B	$9.36B	$9.53B	$8.92B	$9.20B	$9.48B	$9.57B	$9.62B	$10.35B
Shareholders' equity
Common stock & paid-in capital	$3.0M	$3.0M	$3.0M	$3.0M	$3.0M	$3.0M	$3.0M	$3.0M	$3.0M	$3.0M	$3.0M	$3.0M
Retained earnings (deficit)	$2.10B	$1.73B	$2.44B	$1.57B	$1.50B	$1.27B	$1.51B	$1.64B	$1.22B	$955.0M	$697.0M	−$77.0M
Accumulated other comprehensive income	$786.0M	$886.0M	$973.0M	$903.0M	$977.0M	$784.0M	$777.0M	$983.0M	$940.0M	$973.0M	$1.05B	$982.0M
Total shareholders' equity	$11.50B	$11.56B	$11.20B	$10.23B	$10.38B	$10.08B	$10.33B	$10.65B	$10.33B	$10.26B	$10.37B	$9.55B
Key figures
Total debt	$4.92B	$7.70B	$7.53B	$6.43B	$6.60B	$6.76B	$6.29B	$6.78B	$6.99B	$7.11B	$6.68B	$7.08B
Net cash (debt)	−$4.22B	−$7.67B	−$7.25B	−$6.40B	−$6.58B	−$6.75B	−$6.25B	−$6.77B	−$6.98B	−$7.11B	−$6.68B	−$7.08B
Working capital	$17.0M	−$1.40B	−$1.27B	−$1.46B	−$1.63B	−$1.81B	−$1.31B	−$1.39B	−$1.80B	−$1.33B	−$1.14B	−$1.96B
Tangible book value	$9.18B	$8.71B	$8.62B	$7.67B	$7.80B	$7.53B	$7.79B	$8.07B	$7.75B	$7.68B	$7.77B	$6.97B
Book value per share	$40.79	$43.09	$43.11	$39.65	$39.90	$38.71	$39.69	$40.36	$38.52	$37.69	$37.65	$34.57
Shares outstanding	281.9M	268.2M	259.7M	258.1M	260.1M	260.4M	260.3M	264.0M	268.1M	272.3M	275.4M	276.3M
Current ratio	1.01	0.56	0.54	0.45	0.43	0.43	0.51	0.52	0.44	0.52	0.60	0.45
Quick ratio	0.92	0.49	0.51	0.42	0.40	0.40	0.43	0.47	0.40	0.47	0.52	0.43
Debt / equity	0.43	0.67	0.67	0.63	0.64	0.67	0.61	0.64	0.68	0.69	0.64	0.74
Equity / assets	59.6%	51.8%	54.9%	52.8%	52.6%	51.4%	53.7%	53.7%	52.1%	51.7%	51.9%	48.0%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 23, 2026); data from EODHD.

OVV financial position

At the end of fiscal 2025 (December 31, 2025), Ovintiv had total assets of $20.4 billion (up 5.9% from a year earlier), total liabilities of $9.2 billion and shareholders' equity of $11.2 billion. It held $280.0 million in cash and short-term investments against $7.5 billion of debt, net debt of $7.2 billion. Its current ratio was 0.54. In the latest quarter (ended June 30, 2026) total assets were $19.3 billion and equity $11.5 billion.

Related: OVV income statement, OVV cash flow statement, OVV key metrics. See the OVV stock overview for the latest quote and news.

OVV balance sheet FAQ

What are Ovintiv's total assets?

Ovintiv reported total assets of $20.4 billion at the end of fiscal 2025 (December 31, 2025), compared with $19.3 billion a year earlier.

How much debt does Ovintiv have?

Ovintiv had $7.5 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.67.

How much cash does Ovintiv have?

Ovintiv held $280.0 million in cash and short-term investments at the end of fiscal 2025; with $7.5 billion of debt that is net debt of $7.2 billion.

What is Ovintiv's book value?

Ovintiv's shareholders' equity (book value) was $11.2 billion at the end of fiscal 2025, or $43.11 per share.

What is Ovintiv's current ratio?

Ovintiv had current assets of $1.5 billion and current liabilities of $2.8 billion, a current ratio of 0.54 (current liabilities exceed current assets).

How much goodwill does Ovintiv have?

Ovintiv carried $2.6 billion of goodwill and intangible assets, 12.6% of total assets, at the end of fiscal 2025.