Now Inc (DNOW)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 1.44 | 1.52 | 1.62 | 1.58 | 1.57 | 1.59 | 1.55 | 1.56 | 1.55 | 1.58 | 1.54 | 1.48 | 1.44 | 1.42 | 1.43 | 1.56 | 1.39 | 1.41 | 1.46 | 1.52 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,529,000K ÷ $1,060,000K
= 1.44
The financial leverage ratio of NOW Inc has exhibited fluctuation over the past eight quarters. The ratio ranged from 1.44 to 1.62 during this period. The highest financial leverage ratio was recorded in Q2 of 2023, indicating a higher level of debt relative to equity at that time. Conversely, the lowest ratio was observed in Q4 of 2023.
Overall, the financial leverage ratio of NOW Inc has shown some variability but has generally remained within a relatively narrow range. This suggests that the company has been managing its debt levels in a consistent manner over the quarters analyzed. However, further analysis and comparison with industry benchmarks may be necessary to fully assess the company's leverage position and financial risk.
Peer comparison
Dec 31, 2023