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DVNDevon Energy Corporation

Debt to Assets Ratio: 26.40%

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Is the debt to assets ratio high or low?

The debt to assets ratio of 26.40% is in line with its 5-year average of 29.18%, near the low end of its 5-year range (25.65%–36.80%).

As of Monday, June 29, 2026. 5.15% below its 12-month average of 27.84%.

Debt/Equity|Total Debt|Total Assets|Interest Coverage|All Metrics
Debt to Assets

DVN Debt to Assets Ratio

26.40%

Reported quarterly debt to assets ratio; no daily interpolation.

-21.63% 5Y
DVN Debt to Assets Ratio

DVN Average Debt to Assets Ratio Chart

DVN Debt to Assets Ratio

DVN Current vs Average Debt to Assets Ratio Chart

DVN Debt to Assets Ratio Metrics

DEBT TO ASSETS RATIO

26.40%

DEBT TO ASSETS RATIO AVG TTM

27.84%

DEBT TO ASSETS RATIO AVG 3Y

27.81%

DEBT TO ASSETS RATIO AVG 5Y

28.80%

DEBT TO ASSETS RATIO AVG 10Y

32.49%

DEBT TO ASSETS RATIO AVG 15Y

30.28%

DEBT TO ASSETS RATIO AVG 20Y

27.74%

CURRENT VS TTM AVG

-5.15%

CURRENT VS 3Y AVG

-5.05%

CURRENT VS 5Y AVG

-8.31%

CURRENT VS 10Y AVG

-18.75%

CURRENT VS 15Y AVG

-12.80%

CURRENT VS 20Y AVG

-4.82%

DVN Competitors' Debt to Assets Ratio

NAMEMARKET CAPDEBT TO ASSETS RATIOTTM3Y5Y
Devon Energy Corporation (DVN)$26.23B26.40%27.84%27.81%28.80%
First Solar, Inc. (FSLR)vs ›$25.69B0.04%N/AN/AN/A
Texas Pacific Land Corporation (TPL)vs ›$27.30B0.02%N/AN/AN/A
Coterra Energy Inc. (CTRA)vs ›$24.72B0.16%N/AN/AN/A
Halliburton Company (HAL)vs ›$28.58B0.33%N/AN/AN/A
Tenaris S.A. (TS)vs ›$30.06B0.02%N/AN/AN/A
Expand Energy Corporation (EXE)vs ›$21.16B0.18%N/AN/AN/A
EQT Corporation (EQT)vs ›$32.96B0.19%N/AN/AN/A
APA Corporation (APA)vs ›$11.67B0.25%N/AN/AN/A
Antero Midstream Corporation (AM)vs ›$11.01B0.55%N/AN/AN/A

Leverage Ratios Comparison

Debt/Assets

26.4%

Debt/Equity

0.57

Current Ratio

0.98

Interest Coverage

7.5x

Formula: Debt/Assets = Total Debt / Total Assets × 100

Debt/Assets vs Debt/Equity:

  • Debt/Assets: Shows % of assets funded by creditors (bounded 0-100%)
  • Debt/Equity: Shows debt relative to shareholder investment (can exceed 100%)
  • Both measure leverage but from different perspectives

Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.

Debt to Assets Ratio Formula & Definition

Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Debt to Assets Ratio FAQ

What is the debt to assets ratio for Devon Energy Corporation (DVN)?
The debt to assets ratio for DVN stock is 26.40%.
Is Devon Energy Corporation's debt to assets ratio high or low?
The debt to assets ratio of 26.40% is in line with its 5-year average of 29.18%, near the low end of its 5-year range (25.65%–36.80%).
What is the TTM average debt to assets ratio for Devon Energy Corporation (DVN)?
The TTM average debt to assets ratio for DVN stock is 27.84%.
What is the 3Y average debt to assets ratio for Devon Energy Corporation (DVN)?
The 3Y average debt to assets ratio for DVN stock is 27.81%.
What is the 5Y average debt to assets ratio for Devon Energy Corporation (DVN)?
The 5Y average debt to assets ratio for DVN stock is 28.80%.
What is the 10Y average debt to assets ratio for Devon Energy Corporation (DVN)?
The 10Y average debt to assets ratio for DVN stock is 32.49%.
What is the 15Y average debt to assets ratio for Devon Energy Corporation (DVN)?
The 15Y average debt to assets ratio for DVN stock is 30.28%.
What is the 20Y average debt to assets ratio for Devon Energy Corporation (DVN)?
The 20Y average debt to assets ratio for DVN stock is 27.74%.

DVN Debt to Assets Ratio History

DATEDEBT TO ASSETS RATIO
2026-03-3126.40%
2025-12-3127.80%
2025-09-3027.38%
2025-06-3028.64%
2025-03-3128.96%
2024-12-3130.18%
2024-09-3030.44%
2024-06-3025.65%
2024-03-3125.81%
2023-12-3126.34%
2023-09-3026.62%
2023-06-3028.74%
2023-03-3128.51%
2022-12-3128.23%
2022-09-3028.48%
2022-06-3028.97%
2022-03-3130.87%
2021-12-3132.15%
2021-09-3032.05%
2021-06-3033.69%
2021-03-3136.80%
2020-12-3145.84%
2020-09-3043.99%
2020-06-3043.84%
2020-03-3140.74%
2019-12-3133.08%
2019-09-3031.53%
2019-06-3027.37%
2019-03-3134.03%
2018-12-3122.76%
2018-09-3029.98%
2018-06-3020.81%
2018-03-3134.05%
2017-12-3122.70%
2017-09-3037.75%
2017-06-3039.37%
2017-03-3139.72%
2016-12-3139.18%
2016-09-3042.35%
2016-06-3046.64%
2016-03-3143.81%
2015-12-3144.13%
2015-09-3034.64%
2015-06-3029.66%
2015-03-3125.91%
2014-12-3122.24%
2014-09-3023.72%
2014-06-3024.17%
2014-03-3129.43%
2013-12-3128.04%
2013-09-3024.65%
2013-06-3025.36%
2013-03-3129.22%
2012-12-3126.88%
2012-09-3025.80%
2012-06-3024.39%
2012-03-3125.44%
2011-12-3123.79%
2011-09-3023.22%
2011-06-3020.58%
2011-03-3119.69%
2010-12-3117.10%
2010-09-3017.67%
2010-06-3018.76%
2010-03-3120.13%
2009-12-3129.62%
2009-09-3026.27%
2009-06-3027.19%
2009-03-3126.92%
2008-12-3122.65%
2008-09-3011.34%
2008-06-3015.88%
2008-03-3118.19%
2007-12-3119.12%
2007-09-3019.74%
2007-06-3019.97%
2007-03-3120.65%
2006-12-3122.17%
2006-09-3021.62%
2006-06-3024.03%
2006-03-3121.51%
2005-12-3121.86%
2005-09-3020.84%
2005-06-3023.31%
2005-03-3123.61%
2004-12-3124.46%
2004-09-3025.42%
2004-06-3026.45%
2004-03-3131.44%
2003-12-3130.34%
2003-09-3034.36%
2003-06-3035.43%
2003-03-3142.55%
2002-12-3146.61%
2002-09-3047.74%
2002-06-3047.60%

Related Metrics

Debt/EquityTotal DebtTotal AssetsInterest CoverageAll Metrics

About Devon Energy Corporation

As an independent energy producer, Devon Energy Corporation primarily focuses on the exploration, development, and extraction of oil, natural gas, and natural gas liquids within the United States. The company manages roughly 5,134 gross wells. Established in 1971, its corporate headquarters are located in Oklahoma City, Oklahoma.

Oklahoma City, OK
2,300 employees
www.devonenergy.com
Energy / Oil & Gas Exploration & Production
Sector
Energy
Industry
Oil & Gas Exploration & Production
CEO
Clay Gaspar
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