Now Inc (DNOW)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,060,000 | 904,000 | 874,000 | 841,000 | 842,000 | 804,000 | 777,000 | 746,000 | 711,000 | 699,000 | 696,000 | 692,000 | 699,000 | 731,000 | 747,000 | 768,000 | 1,144,000 | 1,267,000 | 1,264,000 | 1,245,000 |
| Debt-to-equity 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 | 0.05 | 0.10 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,060,000K
= 0.00
The debt-to-equity ratio for NOW Inc has consistently been reported as 0.00 across all quarters in the dataset provided. This indicates that NOW Inc has no debt on its balance sheet and is entirely financed by equity. A debt-to-equity ratio of 0.00 suggests that the company relies solely on equity financing to support its operations and growth, which can be viewed positively as it signifies a lower financial risk and a more stable financial position. However, it's important to note that a debt-to-equity ratio of 0.00 may also indicate that the company is not taking advantage of leverage for potential growth opportunities. It would be beneficial for NOW Inc to assess its capital structure and consider the optimal mix of debt and equity financing to support its strategic objectives and objectives.
Peer comparison
Dec 31, 2023