As of June 20, 2025, Devon Energy Corp (DVN) reports a Current Ratio of 1.04.
Current Ratio assesses a company's ability to pay short-term debts by comparing liquid assets to liabilities, with higher ratios signaling better financial health.
Historical Trend of Devon Energy Corp's Current Ratio
Over recent years, Devon Energy Corp's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2024-12-31 | 1.04 |
| 2023-12-31 | 1.07 |
| 2022-12-31 | 1.25 |
| 2021-12-31 | 1.38 |
| 2020-12-31 | 2.26 |
This slight upward trend highlights how Devon Energy Corp manages its short-term assets and liabilities over time.
Comparing Devon Energy Corp's Current Ratio to Peers
To better understand Devon Energy Corp's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Devon Energy Corp (DVN) | 1.04 |
| MEG Energy Corp (MEG.TO) | 1.54 |
| Oasis Petroleum Inc (OAS) | 1.32 |
| Parex Resources Inc (PXT.TO) | 1.32 |
| APA Corp (US) (APA) | 1.15 |
| ARC Resources Ltd (ARX.TO) | 1.14 |
Compared to its competitors, Devon Energy Corp's Current Ratio is about average compared to peers, reflecting balanced short-term asset management.