Now Inc (DNOW)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Debt-to-capital 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 |
| 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 | 0.00 | 0.00 |
| Financial leverage ratio | 1.44 | 1.42 | 1.43 | 1.48 | 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 |
Now Inc's solvency ratios indicate a strong financial position with consistently low levels of debt in relation to its assets, capital, and equity. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio all remain at 0.00 across multiple periods, suggesting that the company has minimal debt obligations in proportion to its resources.
The Financial leverage ratio, which measures the company's level of financial leverage, shows a slight fluctuation over the years but generally stays within a moderate range. This indicates that the company has a reasonable amount of debt in relation to its equity and is maintaining a balanced capital structure.
Overall, based on the solvency ratios, Now Inc appears to have a stable financial foundation with low debt levels and a conservative approach to leverage, which bodes well for its ability to meet its financial obligations and weather economic uncertainties.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | 124.00 | 133.00 | 136.00 | 70.00 | 27.60 | 29.00 | 5.69 | 3.89 | 3.74 | 2.65 | 4.30 | — | — | — | — | — | — | -37.00 | 4.50 |
Now Inc's interest coverage ratio, which measures the company's ability to cover its interest payments with its operating income, has fluctuated significantly over the years.
In March 2020, the interest coverage ratio was 4.50, indicating that the company was able to cover its interest payments comfortably. However, the ratio dropped drastically to -37.00 in June 2020, which suggests that the company's operating income was not sufficient to cover its interest expenses during that period.
From September 2020 to December 2024, the interest coverage ratio data is not available ("-"). However, in subsequent periods, the ratio improved gradually, reaching 136.00 in March 2024, which indicates a strong ability to cover interest payments.
In June 2024 and September 2024, the ratio decreased slightly but remained relatively high at 133.00 and 124.00, respectively. This suggests that the company's operating income continued to comfortably cover its interest expenses during these periods.
Overall, the interest coverage ratio for Now Inc has shown significant fluctuations, indicating varying levels of ability to cover interest payments with operating income. Investors and creditors should closely monitor this ratio to assess the company's financial health and ability to meet its debt obligations.