Is it safe?
Can DVN take a bad year?
Devon Energy carries $11.9B of net debt at 1.62× EBITDA: a load its earnings can carry.
$11.9B
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.62×
Net debt / EBITDA · 1.18× a year ago · the load is going up
- Interest cover
- 6.49×
Interest cover · operating profit covers the interest bill several times over
- Annualised volatility
- 38%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ2 2026
- $12.9B
- Cash and short-term investments
- $950M
- Net debt
- $11.9B
- EBITDA, trailing twelve months
- $7.38B
- Operating profit, trailing twelve months
- $3.29B
- Debt / equity
- 0.31×
- Total debt / EBITDA
- 1.75×
- Annualised volatilitytwo years of daily moves
- 38%
- Worst drawdown on file
- −89%
- Below its 52-week high
- −9.4%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.