• Ovintiv average debt/equity ratio for 2023 was 0.52, a 18.75% decline from 2022.
• Ovintiv average debt/equity ratio for 2022 was 0.64, a 45.76% decline from 2021.
• Ovintiv average debt/equity ratio for 2021 was 1.18, a 9.92% decline from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.