• Ovintiv average current ratio for 2023 was 0.51, a 5.56% increase from 2022.
• Ovintiv average current ratio for 2022 was 0.54, a 22.73% decline from 2021.
• Ovintiv average current ratio for 2021 was 0.44, a 44.3% increase from 2020.

Current ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations.