Devon Energy Corporation (DVN) — Financial Flexibility Index
Devon Energy Corporation (DVN) has a Financial Flexibility Index of 0.16x as of March 2026. Free cash flow of $2.69 Billion (operating CF $1.66 Billion minus capex $1.03 Billion) represents 0% of total liabilities ($17.11 Billion). Check DVN capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Devon Energy Corporation Financial Flexibility Index (1989–2025)
Historical Financial Flexibility Index trend for Devon Energy Corporation across 37 annual periods. See DVN working capital efficiency to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for Devon Energy Corporation (1989–2025)
Year-by-year free cash flow to debt coverage for Devon Energy Corporation. For the full company profile including market capitalisation, see Devon Energy Corporation (DVN) market capitalisation.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.64x | $10.30 Billion | $6.71 Billion | $16.07 Billion | ▼ -28.0% |
| 2024 | 0.89x | $14.05 Billion | $6.60 Billion | $15.79 Billion | ▲ +4.1% |
| 2023 | 0.85x | $10.49 Billion | $6.54 Billion | $12.27 Billion | ▼ -22.2% |
| 2022 | 1.10x | $13.65 Billion | $8.53 Billion | $12.43 Billion | ▲ +85.0% |
| 2021 | 0.59x | $6.91 Billion | $4.90 Billion | $11.63 Billion | ▲ +62.8% |
| 2020 | 0.36x | $2.52 Billion | $1.35 Billion | $6.89 Billion | ▼ -29.1% |
| 2019 | 0.51x | $4.01 Billion | $2.07 Billion | $7.80 Billion | ▲ +2.5% |
| 2018 | 0.50x | $5.21 Billion | $2.70 Billion | $10.38 Billion | ▲ +41.7% |
| 2017 | 0.35x | $5.71 Billion | $2.91 Billion | $16.14 Billion | ▼ -3.8% |
| 2016 | 0.37x | $5.72 Billion | $1.75 Billion | $15.54 Billion | ▼ -42.2% |
| 2015 | 0.64x | $11.80 Billion | $5.38 Billion | $18.54 Billion | ▼ -20.4% |
| 2014 | 0.80x | $19.43 Billion | $5.98 Billion | $24.30 Billion | ▲ +46.8% |
| 2013 | 0.54x | $12.19 Billion | $5.44 Billion | $22.38 Billion | ▼ -8.9% |
| 2012 | 0.60x | $13.18 Billion | $4.96 Billion | $22.05 Billion | ▼ -14.5% |
| 2011 | 0.70x | $13.76 Billion | $6.22 Billion | $19.69 Billion | ▼ -20.1% |
| 2010 | 0.87x | $11.95 Billion | $5.48 Billion | $13.67 Billion | ▲ +28.3% |
| 2009 | 0.68x | $9.62 Billion | $4.74 Billion | $14.12 Billion | ▼ -46.1% |
| 2008 | 1.27x | $18.78 Billion | $9.41 Billion | $14.85 Billion | ▲ +92.1% |
| 2007 | 0.66x | $12.81 Billion | $6.65 Billion | $19.45 Billion | ▼ -14.3% |
| 2006 | 0.77x | $13.54 Billion | $5.99 Billion | $17.62 Billion | ▲ +22.1% |
| 2005 | 0.63x | $9.70 Billion | $5.61 Billion | $15.41 Billion | ▲ +27.7% |
| 2004 | 0.49x | $7.92 Billion | $4.82 Billion | $16.06 Billion | ▲ +25.0% |
| 2003 | 0.39x | $6.36 Billion | $3.77 Billion | $16.11 Billion | ▼ -11.9% |
| 2002 | 0.45x | $5.18 Billion | $1.75 Billion | $11.57 Billion | ▼ -38.4% |
| 2001 | 0.73x | $7.21 Billion | $1.89 Billion | $9.93 Billion | ▼ -10.2% |
| 2000 | 0.81x | $2.90 Billion | $1.62 Billion | $3.58 Billion | ▲ +291.0% |
| 1999 | 0.21x | $537.60 Million | $205.60 Million | $2.60 Billion | ▼ -79.8% |
| 1998 | 1.02x | $567.10 Million | $191.60 Million | $553.90 Million | ▼ -47.5% |
| 1997 | 1.95x | $299.20 Million | $168.70 Million | $153.30 Million | ▲ +30.7% |
| 1996 | 1.49x | $185.70 Million | $86.80 Million | $124.40 Million | ▲ +69.1% |
| 1995 | 0.88x | $178.90 Million | $61.30 Million | $202.60 Million | ▲ +56.1% |
| 1994 | 0.57x | $82.00 Million | $46.40 Million | $145.00 Million | ▼ -57.4% |
| 1993 | 1.33x | $149.60 Million | $64.00 Million | $112.70 Million | ▲ +108.0% |
| 1992 | 0.64x | $46.40 Million | $30.50 Million | $72.70 Million | ▲ +47.1% |
| 1991 | 0.43x | $21.30 Million | $9.30 Million | $49.10 Million | ▼ -48.7% |
| 1990 | 0.85x | $44.60 Million | $13.70 Million | $52.70 Million | ▲ +3.3% |
| 1989 | 0.82x | $22.70 Million | $6.60 Million | $27.70 Million | — |