Now Inc (DNOW)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 62,000 | 124,000 |
| Total assets | US$ in thousands | 1,529,000 | 1,376,000 | 1,420,000 | 1,329,000 | 1,320,000 | 1,282,000 | 1,202,000 | 1,162,000 | 1,104,000 | 1,104,000 | 1,070,000 | 1,026,000 | 1,008,000 | 1,039,000 | 1,069,000 | 1,196,000 | 1,591,000 | 1,790,000 | 1,849,000 | 1,896,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.07 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,529,000K
= 0.00
The debt-to-assets ratio for NOW Inc has consistently been at 0.00 across all quarters in the data provided. This indicates that the company has not utilized any debt to finance its assets during the periods under review. A debt-to-assets ratio of 0.00 signifies that the company's total assets are entirely financed by equity rather than debt. While it suggests a strong financial position and low financial risk due to the absence of debt obligations, it may also indicate a missed opportunity to leverage debt for potential growth or tax benefits. Further analysis of the company's financing strategy and risk management approach would provide more insights into its financial health and sustainability.
Peer comparison
Dec 31, 2023