Devon Energy Corporation Financial Flexibility Index
Devon Energy Corporation 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). Explore DVN capex reinvestment rate to see what proportion of operating cash flow is directed to capital expenditures.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Financial Flexibility Index of Devon Energy Corporation (1989–2025)
Financial flexibility index of Devon Energy Corporation from 1989 to 2025. Historical Financial Flexibility Index trend for Devon Energy Corporation across 37 annual periods. Check cash flow reinvestment rate of Devon Energy Corporation to assess the company's total reinvestment commitment from operating cash flow.
Devon Energy Corporation Financial Flexibility Index by Year (1989–2025)
Devon Energy Corporation financial flexibility index by year from 1989 to 2025. Year-by-year free cash flow to debt coverage for Devon Energy Corporation. For the full cash flow conversion analysis, see cash flow conversion of Devon Energy Corporation.
| 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 | — |