Devon Energy annual debt-to-equity ratio
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2025
Devon Energy Debt-to-Equity Ratio Growth & History (DVN)
Devon Energy's debt-to-equity ratio was 0.62 for fiscal 2025.
View full Devon Energy company overviewDevon Energy annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.62 | −0.05 | −7.17% |
| 2024 | 2024-12-31 | 0.67 | 0.09 | +16.35% |
| 2023 | 2023-12-31 | 0.58 | −0.05 | −7.45% |
| 2022 | 2022-12-31 | 0.62 | −0.11 | −14.49% |
| 2021 | 2021-12-31 | 0.73 | −0.85 | −53.75% |
| 2020 | 2020-12-31 | 1.58 | 0.79 | +101.02% |
| 2019 | 2019-12-31 | 0.79 | 0.30 | +61.91% |
| 2018 | 2018-12-31 | 0.48 | −0.26 | −34.63% |
| 2017 | 2017-12-31 | 0.74 | −0.49 | −39.56% |
| 2016 | 2016-12-31 | 1.23 | −0.62 | −33.62% |
| 2015 | 2015-12-31 | 1.85 | 1.33 | +253.58% |
| 2014 | 2014-12-31 | 0.52 | −0.06 | −10.84% |
| 2013 | 2013-12-31 | 0.59 | 0.04 | +7.17% |
| 2012 | 2012-12-31 | 0.55 | 0.09 | +19.91% |
| 2011 | 2011-12-31 | 0.46 | 0.13 | +41.04% |
| 2010 | 2010-12-31 | 0.32 | −0.14 | −30.78% |
| 2009 | 2009-12-31 | 0.47 | 0.13 | +36.54% |
| 2008 | 2008-12-31 | 0.34 | — | — |
Devon Energy quarterly debt-to-equity ratio
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.32 | −0.31 | −49.41% |
| Q1 2026 | 2026-03-31 | 0.63 | −0.02 | −3.72% |
| Q4 2025 | 2025-12-31 | 0.62 | −0.05 | −7.17% |
| Q3 2025 | 2025-09-30 | 0.63 | −0.02 | −3.31% |
| Q2 2025 | 2025-06-30 | 0.63 | 0.08 | +14.05% |
| Q1 2025 | 2025-03-31 | 0.65 | 0.08 | +14.00% |
| Q4 2024 | 2024-12-31 | 0.67 | 0.09 | +16.35% |
| Q3 2024 | 2024-09-30 | 0.65 | 0.05 | +8.43% |
| Q2 2024 | 2024-06-30 | 0.56 | −0.08 | −12.23% |
| Q1 2024 | 2024-03-31 | 0.57 | −0.06 | −9.52% |
| Q4 2023 | 2023-12-31 | 0.58 | −0.05 | −7.45% |
| Q3 2023 | 2023-09-30 | 0.60 | −0.04 | −6.86% |
| Q2 2023 | 2023-06-30 | 0.63 | −0.04 | −5.27% |
| Q1 2023 | 2023-03-31 | 0.63 | −0.09 | −12.77% |
| Q4 2022 | 2022-12-31 | 0.62 | −0.11 | −14.49% |
| Q3 2022 | 2022-09-30 | 0.64 | −0.12 | −15.33% |
| Q2 2022 | 2022-06-30 | 0.67 | −0.14 | −17.31% |
| Q1 2022 | 2022-03-31 | 0.73 | −0.18 | −19.85% |
| Q4 2021 | 2021-12-31 | 0.73 | −0.85 | −53.75% |
| Q3 2021 | 2021-09-30 | 0.76 | −0.75 | −49.55% |
| Q2 2021 | 2021-06-30 | 0.81 | −0.60 | −42.68% |
| Q1 2021 | 2021-03-31 | 0.90 | −0.26 | −22.12% |
| Q4 2020 | 2020-12-31 | 1.58 | 0.79 | +101.02% |
| Q3 2020 · Sep 30 | 2020-09-30 | 1.51 | 0.81 | +116.03% |
| Q2 2020 | 2020-06-30 | 1.41 | 0.75 | +114.33% |
| Q1 2020 | 2020-03-31 | 1.16 | 0.38 | +48.43% |
| Q4 2019 | 2019-12-31 | 0.79 | 0.30 | +61.91% |
| Q3 2019 | 2019-09-30 | 0.70 | 0.02 | +2.50% |
| Q2 2019 | 2019-06-30 | 0.66 | −0.10 | −13.07% |
| Q1 2019 | 2019-03-31 | 0.78 | −0.34 | −30.16% |
| Q4 2018 | 2018-12-31 | 0.48 | −0.26 | −34.63% |
| Q3 2018 | 2018-09-30 | 0.68 | −0.78 | −53.42% |
| Q2 2018 | 2018-06-30 | 0.76 | −0.77 | −50.53% |
| Q1 2018 | 2018-03-31 | 1.12 | −0.48 | −30.18% |
| Q4 2017 | 2017-12-31 | 0.74 | −0.49 | −39.56% |
| Q3 2017 | 2017-09-30 | 1.46 | −0.48 | −24.94% |
| Q2 2017 | 2017-06-30 | 1.53 | −1.09 | −41.63% |
| Q1 2017 | 2017-03-31 | 1.61 | −0.35 | −17.97% |
| Q4 2016 | 2016-12-31 | 1.23 | −0.62 | −33.62% |
| Q3 2016 | 2016-09-30 | 1.94 | 0.91 | +88.67% |
| Q2 2016 | 2016-06-30 | 2.62 | 1.84 | +233.51% |
| Q1 2016 | 2016-03-31 | 1.96 | 1.30 | +199.79% |
| Q4 2015 | 2015-12-31 | 1.85 | 1.33 | +253.58% |
| Q3 2015 | 2015-09-30 | 1.03 | 0.49 | +89.50% |
| Q2 2015 | 2015-06-30 | 0.79 | 0.21 | +36.63% |
| Q1 2015 | 2015-03-31 | 0.65 | −0.10 | −13.75% |
| Q4 2014 | 2014-12-31 | 0.52 | −0.06 | −10.84% |
| Q3 2014 | 2014-09-30 | 0.54 | 0.06 | +11.33% |
| Q2 2014 | 2014-06-30 | 0.58 | 0.07 | +13.74% |
| Q1 2014 | 2014-03-31 | 0.76 | 0.14 | +22.75% |
| Q4 2013 | 2013-12-31 | 0.59 | 0.04 | +7.17% |
| Q3 2013 | 2013-09-30 | 0.49 | −0.03 | −5.30% |
| Q2 2013 | 2013-06-30 | 0.51 | 0.03 | +6.03% |
| Q1 2013 | 2013-03-31 | 0.62 | 0.12 | +24.90% |
| Q4 2012 | 2012-12-31 | 0.55 | 0.09 | +19.91% |
| Q3 2012 | 2012-09-30 | 0.52 | 0.08 | +17.58% |
| Q2 2012 | 2012-06-30 | 0.48 | 0.11 | +28.91% |
| Q1 2012 | 2012-03-31 | 0.49 | — | — |
| Q4 2011 | 2011-12-31 | 0.46 | 0.13 | +41.04% |
| Q3 2011 | 2011-09-30 | 0.44 | 0.14 | +45.36% |
| Q2 2011 | 2011-06-30 | 0.37 | 0.04 | +10.75% |
| Q4 2010 | 2010-12-31 | 0.32 | −0.14 | −30.78% |
| Q3 2010 | 2010-09-30 | 0.30 | −0.20 | −40.18% |
| Q2 2010 | 2010-06-30 | 0.33 | −0.20 | −37.85% |
| Q1 2010 | 2010-03-31 | 0.36 | — | — |
| Q4 2009 | 2009-12-31 | 0.47 | 0.13 | +36.54% |
| Q3 2009 | 2009-09-30 | 0.50 | — | — |
| Q2 2009 | 2009-06-30 | 0.54 | — | — |
| Q4 2008 | 2008-12-31 | 0.34 | — | — |
Devon Energy debt-to-equity ratio trends
Over the last five fiscal years, Devon Energy's debt-to-equity ratio decreased from 1.58 to 0.62, a change of −0.95. The latest reported quarter, Q2 2026, shows 0.32.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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