Now Inc (DNOW)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,621,000 | 1,529,000 | 1,320,000 | 1,104,000 | 1,008,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,621,000K
= 0.00
The debt-to-assets ratio of Now Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no debt in relation to its total assets during the period analyzed. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely financed by equity rather than debt. This can be considered a positive indicator of financial stability and solvency, implying lower financial risk and potential for improved creditworthiness. Despite the lack of debt financing, it is important for Now Inc to balance its capital structure effectively to optimize its cost of capital and maximize shareholder value in the long term.
Peer comparison
Dec 31, 2024