Ovintiv Free Cash Flow vs Net Income Analysis

OVV Stock

CAD 58.62 0.02 0.03%

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 Free Cash Flow and its Net Income 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 board of governors.

To learn how to invest in Ovintiv Stock, please use our How to Invest in Ovintiv guide.

Free Cash Flow vs Net Income

Free Cash Flow vs Net Income Correlation Analysis

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

The correlation between Ovintiv's Free Cash Flow and Net Income is 0.54. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Net Income in the same time period over historical financial statements of Ovintiv, assuming nothing else is changed. The correlation between historical values of Ovintiv's Free Cash Flow and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Ovintiv are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Free Cash Flow i.e., Ovintiv's Free Cash Flow and Net Income go up and down completely randomly.

Correlation Coefficient

0.54

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Ovintiv financial statement analysis. It represents the amount of money remaining after all of Ovintiv operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

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 board of governors.

To learn how to invest in Ovintiv Stock, please use our How to Invest in Ovintiv guide.At this time, Ovintiv's Tax Provision is very stable compared to the past year. As of the 11th of December 2024, Enterprise Value Over EBITDA is likely to grow to 4.03, while Selling General Administrative is likely to drop about 1.1 B.

	2021	2022	2023	2024 (projected)
Interest Expense	340M	311M	355M	467.4M
Depreciation And Amortization	1.2B	1.1B	1.8B	1.6B

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	Current Deferred Revenue	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
Total Assets		0.81	-0.46	0.59	0.8	0.92	0.75	0.84	0.51	0.16	0.05	0.96	0.23	0.41	0.05	0.83	0.23	0.13	0.85	-0.11	0.56	-0.2	0.88	0.18	0.46	0.12
Short Long Term Debt Total	0.81		-0.63	0.5	0.38	0.63	0.61	0.9	0.23	-0.08	0.36	0.71	0.32	0.46	0.36	0.66	0.19	0.34	0.92	0.07	0.29	-0.28	0.92	-0.07	0.58	0.38
Other Current Liab	-0.46	-0.63		-0.04	-0.12	-0.4	-0.31	-0.57	-0.27	-0.14	-0.2	-0.41	-0.17	-0.35	-0.2	-0.16	-0.16	-0.09	-0.67	0.01	-0.2	0.25	-0.6	0.21	-0.31	0.04
Total Current Liabilities	0.59	0.5	-0.04		0.36	0.57	0.79	0.47	0.2	0.22	0.16	0.5	0.16	-0.12	0.16	0.77	-0.38	0.23	0.45	-0.09	0.44	0.23	0.61	0.45	0.47	0.56
Total Stockholder Equity	0.8	0.38	-0.12	0.36		0.85	0.54	0.55	0.39	0.24	-0.32	0.87	-0.04	0.2	-0.32	0.63	0.29	-0.08	0.4	-0.31	0.37	0.02	0.43	0.42	0.05	-0.12
Property Plant And Equipment Net	0.92	0.63	-0.4	0.57	0.85		0.74	0.8	0.42	0.33	-0.28	0.97	-0.05	0.09	-0.28	0.74	0.08	-0.04	0.68	-0.41	0.52	0.08	0.73	0.35	0.16	-0.01
Current Deferred Revenue	0.75	0.61	-0.31	0.79	0.54	0.74		0.68	0.2	0.19	-0.03	0.73	0.01	0.06	-0.03	0.89	-0.19	0.24	0.61	-0.31	0.34	0.17	0.71	0.45	0.31	0.15
Net Debt	0.84	0.9	-0.57	0.47	0.55	0.8	0.68		0.09	-0.05	-0.06	0.86	-0.01	0.27	-0.06	0.67	0.18	0.12	0.84	-0.31	0.32	-0.05	0.85	0.09	0.23	0.17
Retained Earnings	0.51	0.23	-0.27	0.2	0.39	0.42	0.2	0.09		0.34	0.34	0.37	0.64	0.46	0.34	0.33	0.17	-0.08	0.48	0.41	0.6	-0.53	0.47	-0.17	0.62	0.03
Accounts Payable	0.16	-0.08	-0.14	0.22	0.24	0.33	0.19	-0.05	0.34		-0.25	0.16	-0.2	-0.4	-0.25	-0.01	-0.56	0.01	0.0	-0.2	0.2	0.5	0.04	0.6	0.04	-0.03
Cash	0.05	0.36	-0.2	0.16	-0.32	-0.28	-0.03	-0.06	0.34	-0.25		-0.21	0.8	0.51	1.0	0.12	0.13	0.53	0.33	0.85	0.02	-0.64	0.33	-0.46	0.85	0.49
Non Current Assets Total	0.96	0.71	-0.41	0.5	0.87	0.97	0.73	0.86	0.37	0.16	-0.21		0.0	0.28	-0.21	0.78	0.24	-0.01	0.74	-0.34	0.48	-0.04	0.77	0.28	0.2	-0.02
Non Currrent Assets Other	0.23	0.32	-0.17	0.16	-0.04	-0.05	0.01	-0.01	0.64	-0.2	0.8	0.0		0.63	0.8	0.28	0.29	0.17	0.4	0.74	0.31	-0.75	0.39	-0.51	0.82	0.42
Other Assets	0.41	0.46	-0.35	-0.12	0.2	0.09	0.06	0.27	0.46	-0.4	0.51	0.28	0.63		0.51	0.26	0.67	0.03	0.55	0.51	0.25	-0.82	0.46	-0.51	0.56	-0.01
Cash And Short Term Investments	0.05	0.36	-0.2	0.16	-0.32	-0.28	-0.03	-0.06	0.34	-0.25	1.0	-0.21	0.8	0.51		0.12	0.13	0.53	0.33	0.85	0.02	-0.64	0.33	-0.46	0.85	0.49
Net Receivables	0.83	0.66	-0.16	0.77	0.63	0.74	0.89	0.67	0.33	-0.01	0.12	0.78	0.28	0.26	0.12		0.03	0.24	0.67	-0.08	0.38	-0.08	0.76	0.28	0.46	0.21
Common Stock Total Equity	0.23	0.19	-0.16	-0.38	0.29	0.08	-0.19	0.18	0.17	-0.56	0.13	0.24	0.29	0.67	0.13	0.03		-0.11	0.23	0.08	0.11	-0.75	0.13	-0.59	0.07	-0.28
Common Stock Shares Outstanding	0.13	0.34	-0.09	0.23	-0.08	-0.04	0.24	0.12	-0.08	0.01	0.53	-0.01	0.17	0.03	0.53	0.24	-0.11		0.24	0.33	-0.07	-0.05	0.26	0.05	0.48	0.15
Non Current Liabilities Total	0.85	0.92	-0.67	0.45	0.4	0.68	0.61	0.84	0.48	0.0	0.33	0.74	0.4	0.55	0.33	0.67	0.23	0.24		0.11	0.53	-0.41	0.98	-0.17	0.64	0.18
Inventory	-0.11	0.07	0.01	-0.09	-0.31	-0.41	-0.31	-0.31	0.41	-0.2	0.85	-0.34	0.74	0.51	0.85	-0.08	0.08	0.33	0.11		0.0	-0.59	0.08	-0.39	0.69	0.27
Other Current Assets	0.56	0.29	-0.2	0.44	0.37	0.52	0.34	0.32	0.6	0.2	0.02	0.48	0.31	0.25	0.02	0.38	0.11	-0.07	0.53	0.0		-0.23	0.56	-0.11	0.44	0.07
Other Stockholder Equity	-0.2	-0.28	0.25	0.23	0.02	0.08	0.17	-0.05	-0.53	0.5	-0.64	-0.04	-0.75	-0.82	-0.64	-0.08	-0.75	-0.05	-0.41	-0.59	-0.23		-0.31	0.79	-0.55	0.0
Total Liab	0.88	0.92	-0.6	0.61	0.43	0.73	0.71	0.85	0.47	0.04	0.33	0.77	0.39	0.46	0.33	0.76	0.13	0.26	0.98	0.08	0.56	-0.31		-0.06	0.67	0.28
Property Plant And Equipment Gross	0.18	-0.07	0.21	0.45	0.42	0.35	0.45	0.09	-0.17	0.6	-0.46	0.28	-0.51	-0.51	-0.46	0.28	-0.59	0.05	-0.17	-0.39	-0.11	0.79	-0.06		-0.24	-0.02
Total Current Assets	0.46	0.58	-0.31	0.47	0.05	0.16	0.31	0.23	0.62	0.04	0.85	0.2	0.82	0.56	0.85	0.46	0.07	0.48	0.64	0.69	0.44	-0.55	0.67	-0.24		0.48
Short Term Debt	0.12	0.38	0.04	0.56	-0.12	-0.01	0.15	0.17	0.03	-0.03	0.49	-0.02	0.42	-0.01	0.49	0.21	-0.28	0.15	0.18	0.27	0.07	0.0	0.28	-0.02	0.48

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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	130M	703M	1.9B	4M	3.8M
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
Current Deferred Revenue	1.8B	1.3B	1.6B	1.8B	2.1B	1.3B
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	123M	360M	324M	561.9M
Cash And Short Term Investments	190M	10M	195M	5M	3M	2.9M
Net Receivables	1.4B	1.1B	1.3B	1.5B	1.5B	1.1B
Common Stock Total Equity	6.1B	6.0B	8.5B	3M	3.5M	3.3M
Common Stock Shares Outstanding	261.2M	259.8M	266.4M	258.4M	263.9M	230.6M
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
Inventory	(248M)	(211M)	(21M)	(72M)	(64.8M)	(61.6M)
Other Current Assets	492M	332M	126M	168M	286M	271.7M
Other Stockholder Equity	1.4B	8.5B	8.5B	7.8B	8.6B	9.1B
Total Liab	11.6B	10.6B	9.0B	7.4B	9.6B	10.6B
Property Plant And Equipment Gross	16.2B	10.4B	59.3B	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
Good Will	2.6B	2.6B	2.6B	2.6B	2.6B	2.6B
Short Term Investments	41M	38M	67M	70M	59M	49.2M
Other Liab	1.1B	865M	525M	569M	512.1M	486.5M
Net Tangible Assets	7.3B	1.2B	2.4B	5.1B	5.9B	4.4B
Long Term Debt	7.0B	6.4B	4.8B	3.2B	5.5B	5.4B
Long Term Debt Total	7.1B	6.4B	4.8B	3.2B	2.9B	4.0B
Capital Surpluse	1.4B	8.5B	8.5B	7.8B	8.9B	9.4B
Deferred Long Term Liab	6M	8M	42M	44M	50.6M	53.1M
Long Term Investments	22M	28M	30M	27M	21M	32.6M
Property Plant Equipment	16.2B	10.4B	9.7B	10.3B	11.9B	11.4B

Pair Trading with Ovintiv

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ovintiv position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ovintiv will appreciate offsetting losses from the drop in the long position's value.

Moving together with Ovintiv Stock

0.75	ENB-PFV	Enbridge Pref 5	Pair Corr
0.73	ENS	E Split Corp	Pair Corr
0.85	ENS-PA	E Split Corp	Pair Corr

Moving against Ovintiv Stock

0.75	ARA	Aclara Resources	Pair Corr
0.66	CCL-A	CCL Industries	Pair Corr
0.63	RCI-A	Rogers Communications	Pair Corr
0.45	SAGE	Sage Potash Corp	Pair Corr

The ability to find closely correlated positions to Ovintiv could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ovintiv when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ovintiv - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ovintiv to buy it.

The correlation of Ovintiv is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ovintiv moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ovintiv moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Ovintiv can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Ovintiv is a strong investment it is important to analyze Ovintiv's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Ovintiv's future performance. For an informed investment choice regarding Ovintiv Stock, refer to the following important reports:

How To Invest In Ovintiv

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Is Ovintiv Stock a good investment?

Details

What is Ovintiv's Net Worth?

Details

Largest Oil & Gas E&P Companies

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Largest Energy Companies

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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 board of governors.

To learn how to invest in Ovintiv Stock, please use our How to Invest in Ovintiv guide.

You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Ovintiv Free Cash Flow vs Net Income Analysis

Free Cash Flow vs Net Income

Free Cash Flow vs Net Income Correlation Analysis

Correlation Coefficient

Free Cash Flow

Net Income

Ovintiv fundamental ratios Correlations

Ovintiv Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ovintiv fundamental ratios Accounts

Pair Trading with Ovintiv

Moving together with Ovintiv Stock

Moving against Ovintiv Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.98	Non Current Liabilities Total
Non Current Assets Total	+ 0.97	Property Plant And Equipment Net
Non Current Assets Total	+ 0.96	Total Assets
Property Plant And Equipment Net	+ 0.92	Total Assets
Non Current Liabilities Total	+ 0.92	Short Long Term Debt Total

Other Stockholder Equity	- 0.82	Other Assets
Other Stockholder Equity	- 0.75	Common Stock Total Equity
Other Stockholder Equity	- 0.75	Non Currrent Assets Other
Non Current Liabilities Total	- 0.67	Other Current Liab
Other Stockholder Equity	- 0.64	Cash And Short Term Investments
Other Stockholder Equity	- 0.64	Cash