Ovintiv Total Assets vs Short Term Investments Analysis
OVV Stock | USD 51.54 0.47 0.92% |
Ovintiv financial indicator trend analysis is much more than just breaking down Ovintiv prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ovintiv is a good investment. Please check the relationship between Ovintiv Total Assets and its Short Term Investments accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ovintiv. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy Ovintiv Stock please use our How to Invest in Ovintiv guide.
Total Assets vs Short Term Investments
Total Assets vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ovintiv Total Assets account and Short Term Investments. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Ovintiv's Total Assets and Short Term Investments is -0.18. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Ovintiv, assuming nothing else is changed. The correlation between historical values of Ovintiv's Total Assets and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Ovintiv are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Total Assets i.e., Ovintiv's Total Assets and Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.18 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Assets
Total assets refers to the total amount of Ovintiv assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Ovintiv books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Short Term Investments
Short Term Investments is an item under the current assets section of Ovintiv balance sheet. It contains any investments Ovintiv undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Ovintiv can easily liquidate in the marketplace.Most indicators from Ovintiv's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ovintiv current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ovintiv. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy Ovintiv Stock please use our How to Invest in Ovintiv guide.At this time, Ovintiv's Tax Provision is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 4.34 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.16 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 340M | 311M | 355M | 467.4M | Depreciation And Amortization | 1.3B | 1.1B | 1.8B | 1.7B |
Ovintiv fundamental ratios Correlations
Click cells to compare fundamentals
Ovintiv Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ovintiv fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 21.5B | 14.5B | 14.1B | 15.1B | 20.0B | 18.9B | |
Short Long Term Debt Total | 8.2B | 8.0B | 5.8B | 4.5B | 6.7B | 7.8B | |
Other Current Liab | 114M | 130M | 703M | 1.9B | 1.6B | 1.7B | |
Total Current Liabilities | 2.4B | 2.4B | 2.7B | 2.8B | 2.8B | 2.3B | |
Total Stockholder Equity | 9.9B | 3.8B | 5.1B | 7.7B | 10.4B | 8.3B | |
Property Plant And Equipment Net | 16.2B | 10.4B | 9.7B | 10.3B | 15.5B | 13.7B | |
Net Debt | 8.0B | 8.0B | 5.6B | 4.5B | 6.7B | 6.9B | |
Retained Earnings | 421M | (5.8B) | (4.5B) | (1.1B) | 697M | 662.2M | |
Accounts Payable | 355M | 306M | 328M | 436M | 586M | 940.2M | |
Cash | 190M | 10M | 195M | 5M | 3M | 2.9M | |
Non Current Assets Total | 19.6B | 13.2B | 12.5B | 13.4B | 18.3B | 16.5B | |
Non Currrent Assets Other | 140M | 50M | 17M | 147M | 58M | 55.1M | |
Other Assets | 741M | 126M | 1.1B | 360M | 324M | 307.8M | |
Cash And Short Term Investments | 190M | 10M | 195M | 5M | 3M | 2.9M | |
Net Receivables | 1.4B | 1.1B | 1.3B | 1.5B | 1.3B | 1.1B | |
Common Stock Total Equity | 6.1B | 6.0B | 8.5B | 3M | 2.7M | 2.6M | |
Common Stock Shares Outstanding | 261.2M | 259.8M | 266.4M | 258.4M | 263.9M | 202.4M | |
Liabilities And Stockholders Equity | 21.5B | 14.5B | 14.1B | 15.1B | 20.0B | 18.9B | |
Non Current Liabilities Total | 9.1B | 8.2B | 6.2B | 4.6B | 6.8B | 8.3B | |
Other Current Assets | 237M | 98M | 96M | 168M | 328M | 583.3M | |
Other Stockholder Equity | 1.4B | 8.5B | 8.5B | 7.8B | 8.6B | 7.0B | |
Total Liab | 11.6B | 10.6B | 9.0B | 7.4B | 9.6B | 10.6B | |
Property Plant And Equipment Gross | 16.2B | 10.4B | 58.3B | 60.0B | 67.4B | 70.7B | |
Total Current Assets | 1.9B | 1.2B | 1.6B | 1.7B | 1.7B | 2.4B | |
Accumulated Other Comprehensive Income | 1.0B | 1.1B | 1.1B | 991M | 1.1B | 888.0M | |
Short Term Debt | 167M | 668M | 68M | 475M | 378M | 364.5M | |
Common Stock | 4.8B | 4.7B | 7.1B | 3M | 2.7M | 2.6M | |
Current Deferred Revenue | 1.8B | 1.3B | 1.6B | 232M | 208.8M | 198.4M | |
Good Will | 2.6B | 2.6B | 2.6B | 2.6B | 2.6B | 2.6B | |
Short Term Investments | 41M | 38M | 67M | 70M | 59M | 110.5M | |
Long Term Debt | 7.0B | 6.4B | 4.8B | 3.2B | 5.5B | 4.1B | |
Long Term Debt Total | 7.1B | 6.4B | 4.8B | 3.2B | 2.9B | 4.2B | |
Capital Surpluse | 1.4B | 8.5B | 8.5B | 7.8B | 8.9B | 9.4B | |
Property Plant Equipment | 16.2B | 9.5B | 8.8B | 10.3B | 9.3B | 8.8B | |
Other Liab | 1.1B | 865M | 558M | 569M | 512.1M | 486.5M | |
Net Tangible Assets | 7.3B | 1.2B | 2.4B | 5.1B | 5.9B | 4.4B | |
Deferred Long Term Liab | 6M | 145M | 29M | 44M | 50.6M | 35.8M | |
Long Term Investments | 22M | 28M | 4M | 27M | 21M | 30.3M |
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Is Ovintiv's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ovintiv. If investors know Ovintiv will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ovintiv listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.41) | Dividend Share 1.15 | Earnings Share 7.9 | Revenue Per Share 41.02 | Quarterly Revenue Growth (0.12) |
The market value of Ovintiv is measured differently than its book value, which is the value of Ovintiv that is recorded on the company's balance sheet. Investors also form their own opinion of Ovintiv's value that differs from its market value or its book value, called intrinsic value, which is Ovintiv's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ovintiv's market value can be influenced by many factors that don't directly affect Ovintiv's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ovintiv's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ovintiv is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ovintiv's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.