Ovintiv Cash Conversion Cycle vs Free Cash Flow Yield Analysis

OVV Stock

USD 45.49 0.23 0.50%

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 Cash Conversion Cycle and its Free Cash Flow Yield 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 closely tied 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.

Cash Conversion Cycle vs Free Cash Flow Yield

Cash Conversion Cycle vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ovintiv Cash Conversion Cycle account and Free Cash Flow Yield. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Ovintiv's Cash Conversion Cycle and Free Cash Flow Yield is -0.22. Overlapping area represents the amount of variation of Cash Conversion Cycle that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Ovintiv, assuming nothing else is changed. The correlation between historical values of Ovintiv's Cash Conversion Cycle and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash Conversion Cycle of Ovintiv are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Cash Conversion Cycle i.e., Ovintiv's Cash Conversion Cycle and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.22

Relationship Direction	Negative
Relationship Strength	Insignificant

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Cash Conversion Cycle

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

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 closely tied 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 4.03 in 2024, whereas Selling General Administrative is likely to drop slightly above 285 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	340M	311M	355M	467.4M
Depreciation And Amortization	1.2B	1.1B	1.8B	1.7B

Interest Expense Depreciation And Amortization

Ovintiv fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Total Assets		0.81	-0.31	0.59	0.8	0.92	0.84	0.51	0.16	0.05	0.96	0.23	-0.08	0.05	0.81	0.23	0.06	0.85	-0.04	0.56	0.34	0.88	0.19	0.46	0.12	0.32
Short Long Term Debt Total	0.81		-0.38	0.5	0.38	0.63	0.9	0.23	-0.08	0.36	0.71	0.32	-0.05	0.36	0.6	0.19	-0.01	0.92	0.34	0.26	0.42	0.92	-0.07	0.58	0.38	0.27
Other Current Liab	-0.31	-0.38		0.19	-0.04	-0.11	-0.2	-0.61	0.29	-0.51	-0.18	-0.67	-0.23	-0.51	-0.2	-0.63	0.69	-0.55	-0.54	-0.28	-0.16	-0.45	0.75	-0.52	0.05	-0.69
Total Current Liabilities	0.59	0.5	0.19		0.36	0.57	0.47	0.2	0.22	0.16	0.5	0.16	-0.46	0.16	0.72	-0.38	0.27	0.45	0.02	0.42	0.2	0.61	0.45	0.47	0.56	-0.3
Total Stockholder Equity	0.8	0.38	-0.04	0.36		0.85	0.55	0.39	0.24	-0.32	0.87	-0.04	0.04	-0.32	0.64	0.29	0.31	0.4	-0.46	0.4	0.04	0.43	0.43	0.05	-0.12	0.32
Property Plant And Equipment Net	0.92	0.63	-0.11	0.57	0.85		0.8	0.42	0.33	-0.28	0.97	-0.05	-0.25	-0.28	0.7	0.08	0.23	0.68	-0.31	0.51	0.22	0.73	0.36	0.16	-0.01	0.16
Net Debt	0.84	0.9	-0.2	0.47	0.55	0.8		0.09	-0.05	-0.06	0.86	-0.01	-0.04	-0.06	0.59	0.18	0.25	0.84	-0.05	0.26	0.26	0.85	0.09	0.23	0.17	0.24
Retained Earnings	0.51	0.23	-0.61	0.2	0.39	0.42	0.09		0.34	0.34	0.37	0.64	-0.23	0.34	0.42	0.17	-0.7	0.48	0.26	0.68	0.29	0.47	-0.16	0.62	0.03	0.25
Accounts Payable	0.16	-0.08	0.29	0.22	0.24	0.33	-0.05	0.34		-0.25	0.16	-0.2	-0.62	-0.25	-0.01	-0.56	-0.07	0.0	-0.25	0.38	0.12	0.04	0.6	0.04	-0.03	-0.53
Cash	0.05	0.36	-0.51	0.16	-0.32	-0.28	-0.06	0.34	-0.25		-0.21	0.8	0.02	1.0	0.18	0.13	-0.55	0.33	0.93	0.03	0.42	0.33	-0.47	0.85	0.49	0.19
Non Current Assets Total	0.96	0.71	-0.18	0.5	0.87	0.97	0.86	0.37	0.16	-0.21		0.0	-0.05	-0.21	0.74	0.24	0.24	0.74	-0.27	0.46	0.22	0.77	0.28	0.2	-0.02	0.3
Non Currrent Assets Other	0.23	0.32	-0.67	0.16	-0.04	-0.05	-0.01	0.64	-0.2	0.8	0.0		0.01	0.8	0.35	0.29	-0.66	0.4	0.68	0.33	0.23	0.39	-0.51	0.82	0.42	0.36
Other Assets	-0.08	-0.05	-0.23	-0.46	0.04	-0.25	-0.04	-0.23	-0.62	0.02	-0.05	0.01		0.02	-0.04	0.68	0.0	-0.05	-0.05	-0.18	-0.28	-0.15	-0.28	-0.13	-0.43	0.62
Cash And Short Term Investments	0.05	0.36	-0.51	0.16	-0.32	-0.28	-0.06	0.34	-0.25	1.0	-0.21	0.8	0.02		0.18	0.13	-0.55	0.33	0.93	0.03	0.42	0.33	-0.47	0.85	0.49	0.19
Net Receivables	0.81	0.6	-0.2	0.72	0.64	0.7	0.59	0.42	-0.01	0.18	0.74	0.35	-0.04	0.18		0.11	0.12	0.65	0.08	0.37	0.38	0.73	0.26	0.51	0.14	0.2
Common Stock Total Equity	0.23	0.19	-0.63	-0.38	0.29	0.08	0.18	0.17	-0.56	0.13	0.24	0.29	0.68	0.13	0.11		-0.14	0.23	0.08	0.01	-0.17	0.13	-0.59	0.07	-0.28	0.99
Common Stock Shares Outstanding	0.06	-0.01	0.69	0.27	0.31	0.23	0.25	-0.7	-0.07	-0.55	0.24	-0.66	0.0	-0.55	0.12	-0.14		-0.24	-0.56	-0.37	-0.21	-0.15	0.57	-0.54	0.0	-0.18
Non Current Liabilities Total	0.85	0.92	-0.55	0.45	0.4	0.68	0.84	0.48	0.0	0.33	0.74	0.4	-0.05	0.33	0.65	0.23	-0.24		0.33	0.5	0.49	0.98	-0.17	0.64	0.18	0.33
Inventory	-0.04	0.34	-0.54	0.02	-0.46	-0.31	-0.05	0.26	-0.25	0.93	-0.27	0.68	-0.05	0.93	0.08	0.08	-0.56	0.33		-0.12	0.55	0.3	-0.54	0.72	0.32	0.14
Other Current Assets	0.56	0.26	-0.28	0.42	0.4	0.51	0.26	0.68	0.38	0.03	0.46	0.33	-0.18	0.03	0.37	0.01	-0.37	0.5	-0.12		0.12	0.53	0.03	0.49	0.06	0.07
Other Stockholder Equity	0.34	0.42	-0.16	0.2	0.04	0.22	0.26	0.29	0.12	0.42	0.22	0.23	-0.28	0.42	0.38	-0.17	-0.21	0.49	0.55	0.12		0.48	-0.03	0.5	-0.03	-0.1
Total Liab	0.88	0.92	-0.45	0.61	0.43	0.73	0.85	0.47	0.04	0.33	0.77	0.39	-0.15	0.33	0.73	0.13	-0.15	0.98	0.3	0.53	0.48		-0.06	0.67	0.28	0.23
Property Plant And Equipment Gross	0.19	-0.07	0.75	0.45	0.43	0.36	0.09	-0.16	0.6	-0.47	0.28	-0.51	-0.28	-0.47	0.26	-0.59	0.57	-0.17	-0.54	0.03	-0.03	-0.06		-0.24	-0.02	-0.6
Total Current Assets	0.46	0.58	-0.52	0.47	0.05	0.16	0.23	0.62	0.04	0.85	0.2	0.82	-0.13	0.85	0.51	0.07	-0.54	0.64	0.72	0.49	0.5	0.67	-0.24		0.48	0.16
Short Term Debt	0.12	0.38	0.05	0.56	-0.12	-0.01	0.17	0.03	-0.03	0.49	-0.02	0.42	-0.43	0.49	0.14	-0.28	0.0	0.18	0.32	0.06	-0.03	0.28	-0.02	0.48		-0.24
Common Stock	0.32	0.27	-0.69	-0.3	0.32	0.16	0.24	0.25	-0.53	0.19	0.3	0.36	0.62	0.19	0.2	0.99	-0.18	0.33	0.14	0.07	-0.1	0.23	-0.6	0.16	-0.24

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Ovintiv Account Relationship Matchups

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	1.4B	2.3B	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	99M	94.1M
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	867M	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	161M	328M	583.1M
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	1.0B	1.2B	1.4B
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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