Debt-to-Equity Ratio

DVN’s debt-to-equity ratio of 0.56x means the company uses $0.56 of debt for every $1 of shareholder equity, a measure of its financial leverage and long-term solvency risk.

This level is below the sector median of 0.75x, placing DVN in the 38th percentile among peers — indicating a lower reliance on debt compared to most companies in its industry. Historical trend data is not available: the year-over-year change is N/A, the quarter-over-quarter change is N/A, and no directional pattern can be assessed from the last eight quarters. Without trend information, the evaluation relies solely on the current level; at 0.56x, the debt burden appears conservative relative to the sector, which generally reduces default risk. However, the lack of trend prevents any insight into whether leverage is increasing or decreasing, limiting the ability to assess future risk shifts. This metric supports the overall NEUTRAL verdict because the moderate debt level is neither alarming nor a clear competitive advantage, and the absence of trend data does not provide a strong signal to upgrade or downgrade the stock.

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