Now Inc (DNOW)

Debt-to-assets ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Long-term debt US$ in thousands
Total assets US$ in thousands 1,621,000 1,587,000 1,563,000 1,594,000 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
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 0.00 0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,621,000K
= 0.00

Now Inc's debt-to-assets ratio has been consistently at 0.00 over the years, indicating that the company has not used debt to finance its assets. A debt-to-assets ratio of 0.00 implies that the company's assets are entirely financed by equity, which may suggest a strong financial position and low financial risk. However, it's important to note that a low debt-to-assets ratio could also mean missed opportunities for leveraging debt to potentially enhance returns. Overall, Now Inc's consistent 0.00 debt-to-assets ratio may reflect a conservative capital structure and financial strategy.