NOV Inc. (NOV)

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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	11,361,000	11,422,000	11,297,000	11,305,000	11,294,000	10,498,000	10,446,000	10,177,000	10,135,000	9,761,000	9,700,000	9,553,000	9,550,000	9,567,000	9,601,000	9,672,000	9,929,000	10,168,000	10,447,000	10,690,000
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

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $11,361,000K
= 0.00

The debt-to-assets ratio of NOV Inc. has been consistently 0.00 for all the reported quarters spanning from March 31, 2020, to December 31, 2024. This indicates that NOV Inc. has not incurred any debt in relation to its total assets during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely funded by equity, implying a lower financial risk as there are no obligations to debt holders. It appears that NOV Inc. has been maintaining a strong financial position with a low level of debt relative to its assets over the analyzed period.