NOV Inc. (NOV)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,770,000 | 5,840,000 | 5,493,000 | 4,902,000 | 5,209,000 |
| Total current liabilities | US$ in thousands | 2,347,000 | 2,435,000 | 2,437,000 | 1,910,000 | 1,867,000 |
| Current ratio | 2.46 | 2.40 | 2.25 | 2.57 | 2.79 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,770,000K ÷ $2,347,000K
= 2.46
The current ratio of NOV Inc. has shown a declining trend from 2.79 in December 2020 to 2.46 in December 2024. Despite this decline, the company has consistently maintained a current ratio above 2, indicating its strong ability to cover its short-term liabilities with its current assets. A current ratio of 2.46 as of December 31, 2024, suggests that the company has $2.46 in current assets for every $1 in current liabilities, highlighting its liquidity position. While there has been a slight decrease in the current ratio over the years, NOV Inc. still maintains a healthy liquidity position to meet its current obligations.
Peer comparison
Dec 31, 2024