Stock Analysis on Net

Devon Energy Corp. (NYSE:DVN)

Analysis of Debt 

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Total Debt (Carrying Amount)

Devon Energy Corp., balance sheet: debt

US$ in millions

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Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Current finance lease liabilities —  — 
Short-term debt —  —  —  162  115 
Long-term debt 6,482  4,298  4,294  5,785  10,291 
Long-term finance lease liabilities 247  244  240  —  — 
Total debt and finance lease liabilities (carrying amount) 6,737  4,550  4,541  5,947  10,406 

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Debt item Description The company
Total debt and finance lease liabilities (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. Devon Energy Corp. total debt increased from 2019 to 2020 and from 2020 to 2021.

Total Debt (Fair Value)

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Dec 31, 2021
Selected Financial Data (US$ in millions)
Debt 7,644 
Finance lease liabilities 255 
Total debt and finance lease liabilities (fair value) 7,899 
Financial Ratio
Debt, fair value to carrying amount ratio 1.17

Based on: 10-K (reporting date: 2021-12-31).


Weighted-average Interest Rate on Debt

Weighted-average interest rate on debt: 5.74%

Interest rate Debt amount1 Interest rate × Debt amount Weighted-average interest rate2
8.25% 242  20 
5.25% 472  25 
5.85% 485  28 
6.50% 73 
5.25% 390  20 
5.88% 325  19 
4.50% 585  26 
7.88% 675  53 
7.95% 366  29 
5.60% 1,250  70 
4.75% 750  36 
5.00% 750  38 
4.20% 255  11 
Total 6,618  380 
5.74%

Based on: 10-K (reporting date: 2021-12-31).

1 US$ in millions

2 Weighted-average interest rate = 100 × 380 ÷ 6,618 = 5.74%