NOV Inc. (NOV)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 6,376,000 | 6,168,000 | 5,134,000 | 5,064,000 | 5,279,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $6,376,000K)
= 0.00
The debt-to-capital ratio for NOV Inc. has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a significant source of its capital structure during this period. A lower debt-to-capital ratio signifies a lower financial risk and greater financial stability for the company, as it suggests a lower reliance on debt financing relative to equity financing. NOV Inc.'s consistent 0.00 debt-to-capital ratio over the years may indicate a preference for equity financing or a conservative approach to managing its capital structure and financial risk.
Peer comparison
Dec 31, 2024