Nabors Industries Ltd (NBR)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 999,537 | 1,072,320 | 1,077,790 | 1,074,360 | 1,645,680 | 960,554 | 978,134 | 1,013,240 | 1,000,620 | 965,906 | 923,380 | 944,068 | 1,501,810 | 1,322,630 | 1,087,140 | 1,036,030 | 1,131,460 | 1,163,010 | 1,152,920 | 1,270,840 |
| Total current liabilities | US$ in thousands | 571,917 | 571,578 | 590,922 | 602,418 | 1,213,980 | 528,703 | 544,265 | 540,478 | 596,390 | 559,166 | 524,058 | 513,445 | 525,228 | 516,088 | 529,116 | 490,797 | 515,469 | 486,018 | 523,690 | 584,870 |
| Current ratio | 1.75 | 1.88 | 1.82 | 1.78 | 1.36 | 1.82 | 1.80 | 1.87 | 1.68 | 1.73 | 1.76 | 1.84 | 2.86 | 2.56 | 2.05 | 2.11 | 2.20 | 2.39 | 2.20 | 2.17 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $999,537K ÷ $571,917K
= 1.75
The current ratio of Nabors Industries Ltd has shown fluctuations over the past few years, ranging from a high of 2.86 in December 2021 to a low of 1.36 in December 2023. Generally, a current ratio above 1 indicates that the company can meet its short-term obligations with its current assets.
The current ratio peaked in December 2021, suggesting strong short-term liquidity and ability to cover its current liabilities. However, the ratio declined thereafter, reaching its lowest point in December 2023. This downward trend could indicate potential issues with managing short-term obligations or fluctuations in current assets and liabilities.
It is important for stakeholders to closely monitor the current ratio to ensure that the company maintains a healthy balance between current assets and liabilities to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024