DVN Debt-to-Equity Ratio Analysis
Updated 417h ago·SEC filings & market data
Key Takeaway
DVN’s debt-to-equity ratio of 0.27x means the company uses 27 cents of debt for every dollar of shareholders’ equity, a basic measure of financial leverage.
Sector Performance
22th percentileDVN
0.27x
Sector Median
0.74x
Sector Avg
2.51x
Prior Period
0.54x(Aug 2026)
Deep Analysis
DVN’s debt-to-equity ratio of 0.27x means the company uses 27 cents of debt for every dollar of shareholders’ equity, a basic measure of financial leverage.
That is far below the sector median of 0.74x, placing DVN in the 22nd percentile among peers, so it carries less debt than most comparable companies. The year-over-year change is not available, but quarter-over-quarter the ratio fell by 50.0% from 0.54x. This combination of a low leverage level and a sharp recent reduction points to limited financial risk from debt, yet also suggests conservative capital use that may limit upside from borrowing. The downward trend implies stronger balance-sheet health, but it does not change the overall NEUTRAL verdict because leverage is only one factor. This metric supports the NEUTRAL stance by showing neither a red flag nor a clear catalyst for outperformance.
Frequently Asked Questions
What does the Debt-to-Equity Ratio tell investors about DVN?
Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.
How is the Debt-to-Equity Ratio calculated?
Debt-to-Equity Ratio is calculated as: Total Debt / Shareholders' Equity.
Who are DVN's closest peers by Debt-to-Equity Ratio?
The closest peers by Debt-to-Equity Ratio include: TAP (0.76x), PCAR (0.72x), O (0.78x), PRU (0.78x), KIM (0.85x).
Learn More About Debt-to-Equity Ratio
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Debt/Equity Ratio: How Much Debt Is Too Much?
The debt to equity ratio explained: why context, interest coverage, and sector norms matter far more than the raw number when assessing debt risk.
The Formula
Total Debt / Shareholders' Equity
Why It Matters
Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.
Master DVN's Valuation
Get the complete institutional research report covering all fundamental and technical metrics.
View full DVN research report →DVN
0.27x
Sector Median
0.74x
Sector Avg
2.51x
How DVN's Debt-to-Equity Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.