NOV Inc. (NOV)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,230,000 | 985,000 | 827,000 | 468,000 | 816,000 | 513,000 | 592,000 | 774,000 | 1,069,000 | 998,000 | 1,218,000 | 1,406,000 | 1,591,000 | 1,668,000 | 1,572,000 | 1,607,000 | 1,692,000 | 1,485,000 | 1,447,000 | 1,115,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | 50,000 | 45,000 | 47,000 | 51,000 | 59,000 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,347,000 | 2,300,000 | 2,242,000 | 2,272,000 | 2,435,000 | 2,369,000 | 2,385,000 | 2,308,000 | 2,437,000 | 2,247,000 | 2,171,000 | 1,979,000 | 1,910,000 | 1,853,000 | 1,810,000 | 1,934,000 | 1,867,000 | 1,884,000 | 1,954,000 | 2,163,000 |
| Quick ratio | 0.52 | 0.43 | 0.37 | 0.21 | 0.34 | 0.22 | 0.25 | 0.34 | 0.44 | 0.44 | 0.56 | 0.71 | 0.83 | 0.93 | 0.89 | 0.86 | 0.93 | 0.82 | 0.74 | 0.52 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,230,000K
+ $—K
+ $—K)
÷ $2,347,000K
= 0.52
The quick ratio of NOV Inc. has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. The quick ratio, which measures the company's ability to cover its short-term liabilities with its most liquid assets, started at a relatively low level of 0.52 on March 31, 2020.
It then showed an improving trend, reaching a peak of 0.93 on September 30, 2020, signifying a better ability to meet its short-term obligations. However, the ratio experienced some volatility throughout the following quarters, with fluctuations between 0.71 and 0.89 until June 30, 2021.
There was a slight decrease in the quick ratio to 0.83 on December 31, 2021, followed by a more significant decline to 0.56 on June 30, 2022. This drop continued in the subsequent quarters, with the quick ratio falling to its lowest level of 0.21 on March 31, 2024.
However, there was a slight recovery seen in the quick ratio by the end of the period on December 31, 2024, where it stood at 0.52. Overall, the trend in the quick ratio indicates fluctuations in NOV Inc.'s ability to cover its short-term obligations with its liquid assets, highlighting the potential liquidity challenges the company may have faced during this period.
Peer comparison
Dec 31, 2024