Stock Analysis on Net

Devon Energy Corp. (NYSE:DVN)

Analysis of Liquidity Ratios 
Quarterly Data

Microsoft Excel LibreOffice Calc

Liquidity Ratios (Summary)

Devon Energy Corp., liquidity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Current ratio 1.32 1.38 1.21 1.00 1.18 2.26 2.03 2.33 2.61 2.00 1.72 1.49 1.37 1.99 1.48 1.65 1.04
Quick ratio 1.23 1.24 1.10 0.89 1.01 1.97 1.40 1.50 1.49 1.39 1.47 1.35 1.20 1.48 1.34 0.31 0.90
Cash ratio 0.70 0.74 0.66 0.50 0.64 1.55 1.11 1.15 1.11 0.96 1.00 1.11 0.67 1.08 0.96 0.17 0.41

Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Devon Energy Corp. current ratio improved from Q3 2021 to Q4 2021 but then slightly deteriorated from Q4 2021 to Q1 2022.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Devon Energy Corp. quick ratio improved from Q3 2021 to Q4 2021 but then slightly deteriorated from Q4 2021 to Q1 2022.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Devon Energy Corp. cash ratio improved from Q3 2021 to Q4 2021 but then slightly deteriorated from Q4 2021 to Q1 2022.

Current Ratio

Devon Energy Corp., current ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in millions)
Current assets 4,973  4,249  4,227  3,076  3,467  3,260  3,477  3,378  4,055  3,851  2,846  5,167  2,703  4,437  4,757  13,820  3,635 
Current liabilities 3,754  3,087  3,505  3,072  2,945  1,440  1,709  1,452  1,554  1,927  1,658  3,467  1,968  2,226  3,224  8,377  3,482 
Liquidity Ratio
Current ratio1 1.32 1.38 1.21 1.00 1.18 2.26 2.03 2.33 2.61 2.00 1.72 1.49 1.37 1.99 1.48 1.65 1.04
Benchmarks
Current Ratio, Competitors2
Chevron Corp. 1.43 1.26 1.28 1.17 1.11 1.18 1.26 1.14 1.01 1.07 1.12 1.15 1.12 1.25 1.22 1.08 1.04
ConocoPhillips 1.51 1.34 1.93 2.11 2.03 2.25 2.38 2.69 2.16 2.40 2.56 1.76 1.86 1.79 1.99 1.75 1.85
Exxon Mobil Corp. 1.07 1.04 0.90 0.85 0.80 0.80 0.86 0.93 0.78 0.78 0.78 0.74 0.77 0.84 0.83 0.81 0.80
Marathon Oil Corp. 1.10 1.11 0.99 1.32 1.13 1.33 1.23 1.32 1.32 1.22 1.06 1.09 1.49 1.59 1.43 1.51 1.52
Occidental Petroleum Corp. 1.16 1.23 1.08 1.34 1.17 1.07 1.02 0.85 1.18 1.25 1.33 1.20 1.23 1.34 1.33 1.36 1.26
Pioneer Natural Resources Co. 1.54 1.52 0.63 0.55 0.79 1.36 1.43 0.75 0.99 0.88 0.78 0.86 0.99 1.42 1.20 1.09 1.26
Valero Energy Corp. 1.18 1.26 1.31 1.36 1.43 1.71 1.90 1.75 1.31 1.44 1.40 1.42 1.43 1.65 1.59 1.67 1.70

Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q1 2022 Calculation
Current ratio = Current assets ÷ Current liabilities
= 4,973 ÷ 3,754 = 1.32

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Devon Energy Corp. current ratio improved from Q3 2021 to Q4 2021 but then slightly deteriorated from Q4 2021 to Q1 2022.

Quick Ratio

Devon Energy Corp., quick ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in millions)
Cash, cash equivalents and restricted cash 2,625  2,271  2,321  1,539  1,878  2,237  1,897  1,669  1,727  1,844  1,655  3,840  1,327  2,414  3,102  1,460  1,424 
Accounts receivable 2,002  1,543  1,517  1,185  1,089  601  493  515  594  832  787  842  1,038  885  1,226  1,141  1,695 
Total quick assets 4,627  3,814  3,838  2,724  2,967  2,838  2,390  2,184  2,321  2,676  2,442  4,682  2,365  3,299  4,328  2,601  3,119 
 
Current liabilities 3,754  3,087  3,505  3,072  2,945  1,440  1,709  1,452  1,554  1,927  1,658  3,467  1,968  2,226  3,224  8,377  3,482 
Liquidity Ratio
Quick ratio1 1.23 1.24 1.10 0.89 1.01 1.97 1.40 1.50 1.49 1.39 1.47 1.35 1.20 1.48 1.34 0.31 0.90
Benchmarks
Quick Ratio, Competitors2
Chevron Corp. 1.12 0.90 0.90 0.83 0.77 0.77 0.84 0.74 0.66 0.72 0.82 0.80 0.79 0.93 0.91 0.76 0.73
ConocoPhillips 1.29 1.10 1.66 1.86 1.81 1.98 2.04 2.29 1.72 1.93 2.30 1.35 1.65 1.58 1.51 1.50 1.58
Exxon Mobil Corp. 0.74 0.69 0.55 0.51 0.47 0.44 0.51 0.55 0.50 0.47 0.48 0.45 0.48 0.49 0.51 0.49 0.48
Marathon Oil Corp. 1.05 1.05 0.93 1.26 1.08 1.23 1.13 1.07 1.05 1.13 0.97 0.85 1.13 1.39 1.35 1.39 1.42
Occidental Petroleum Corp. 0.84 0.84 0.61 0.82 0.62 0.50 0.38 0.34 0.37 0.63 0.68 0.89 0.94 1.07 1.07 0.85 0.96
Pioneer Natural Resources Co. 1.40 1.41 0.54 0.46 0.67 1.22 1.26 0.57 0.70 0.77 0.62 0.73 0.86 1.24 1.06 0.90 1.13
Valero Energy Corp. 0.79 0.86 0.85 0.89 0.92 1.01 1.19 0.89 0.79 0.87 0.84 0.88 0.86 0.96 0.95 1.06 1.07

Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q1 2022 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 4,627 ÷ 3,754 = 1.23

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Devon Energy Corp. quick ratio improved from Q3 2021 to Q4 2021 but then slightly deteriorated from Q4 2021 to Q1 2022.

Cash Ratio

Devon Energy Corp., cash ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in millions)
Cash, cash equivalents and restricted cash 2,625  2,271  2,321  1,539  1,878  2,237  1,897  1,669  1,727  1,844  1,655  3,840  1,327  2,414  3,102  1,460  1,424 
Total cash assets 2,625  2,271  2,321  1,539  1,878  2,237  1,897  1,669  1,727  1,844  1,655  3,840  1,327  2,414  3,102  1,460  1,424 
 
Current liabilities 3,754  3,087  3,505  3,072  2,945  1,440  1,709  1,452  1,554  1,927  1,658  3,467  1,968  2,226  3,224  8,377  3,482 
Liquidity Ratio
Cash ratio1 0.70 0.74 0.66 0.50 0.64 1.55 1.11 1.15 1.11 0.96 1.00 1.11 0.67 1.08 0.96 0.17 0.41
Benchmarks
Cash Ratio, Competitors2
Chevron Corp. 0.38 0.21 0.24 0.27 0.26 0.25 0.35 0.33 0.30 0.22 0.39 0.30 0.29 0.38 0.33 0.24 0.21
ConocoPhillips 0.61 0.55 1.14 1.31 1.18 1.46 1.58 1.92 1.35 1.45 1.69 0.95 1.12 1.03 0.90 0.90 0.99
Exxon Mobil Corp. 0.15 0.12 0.08 0.06 0.06 0.08 0.16 0.22 0.18 0.05 0.08 0.06 0.07 0.05 0.09 0.05 0.07
Marathon Oil Corp. 0.34 0.35 0.29 0.62 0.59 0.61 0.71 0.49 0.57 0.49 0.49 0.39 0.55 0.80 0.73 0.82 0.84
Occidental Petroleum Corp. 0.22 0.33 0.23 0.48 0.26 0.24 0.18 0.10 0.17 0.20 0.31 0.22 0.23 0.41 0.35 0.17 0.23
Pioneer Natural Resources Co. 0.80 1.00 0.17 0.07 0.28 0.85 0.86 0.21 0.43 0.36 0.27 0.42 0.51 0.79 0.66 0.52 0.77
Valero Energy Corp. 0.13 0.24 0.24 0.25 0.18 0.36 0.50 0.32 0.17 0.20 0.18 0.16 0.22 0.28 0.28 0.39 0.43

Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q1 2022 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 2,625 ÷ 3,754 = 0.70

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Devon Energy Corp. cash ratio improved from Q3 2021 to Q4 2021 but then slightly deteriorated from Q4 2021 to Q1 2022.