Nabors Industries Ltd (NBR)
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 | 2,505,220 | 2,503,270 | 2,514,170 | 2,512,180 | 2,511,520 | 2,501,340 | 2,503,250 | 2,562,330 | 2,537,540 | 2,585,520 | 2,601,510 | 2,610,090 | 3,262,800 | 3,075,520 | 2,823,120 | 2,898,880 | 2,968,700 | 3,290,300 | 3,276,100 | 3,388,010 |
| Total assets | US$ in thousands | 4,504,300 | 4,553,640 | 4,615,690 | 4,644,970 | 5,277,960 | 4,726,850 | 4,463,270 | 5,277,960 | 4,729,850 | 4,768,560 | 4,800,980 | 4,857,170 | 5,525,360 | 5,174,830 | 5,042,320 | 5,254,910 | 5,503,430 | 5,817,310 | 5,982,420 | 6,308,550 |
| Debt-to-assets ratio | 0.56 | 0.55 | 0.54 | 0.54 | 0.48 | 0.53 | 0.56 | 0.49 | 0.54 | 0.54 | 0.54 | 0.54 | 0.59 | 0.59 | 0.56 | 0.55 | 0.54 | 0.57 | 0.55 | 0.54 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,505,220K ÷ $4,504,300K
= 0.56
The debt-to-assets ratio for Nabors Industries Ltd has shown some fluctuations over the years, ranging between 0.48 and 0.59. This ratio indicates the proportion of the company's assets that are financed through debt, with a higher ratio implying a greater reliance on debt financing.
From March 31, 2020, to December 31, 2021, the ratio gradually increased from 0.54 to 0.59, suggesting an increasing level of debt relative to assets during this period. However, from March 31, 2022, to December 31, 2024, the ratio remained relatively stable, ranging between 0.48 and 0.56, indicating consistent debt-to-assets proportions.
Overall, monitoring this ratio can provide insights into the company's financial risk and leverage position, highlighting the ongoing balance between debt and assets in Nabors Industries Ltd's capital structure.
Peer comparison
Dec 31, 2024