NOV Inc. (NOV)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 6,428,000 | 6,464,000 | 6,379,000 | 6,246,000 | 6,168,000 | 5,521,000 | 5,497,000 | 5,243,000 | 5,134,000 | 4,868,000 | 4,909,000 | 4,946,000 | 5,064,000 | 5,010,000 | 5,108,000 | 5,081,000 | 5,279,000 | 5,540,000 | 5,533,000 | 5,486,000 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $6,428,000K)
= 0.00
The debt-to-capital ratio of NOV Inc. has consistently been 0.00 over the past several quarters, indicating that the company has not utilized debt to finance its operations or investments relative to its total capital structure. This implies that the firm relies more on equity financing rather than debt financing, which may suggest a lower financial risk exposure and a stronger financial position. A constant debt-to-capital ratio at 0.00 could signify prudent financial management and may be viewed positively by investors and lenders due to the lower leverage and potential lower interest payment obligations. However, it's important to note that a very low debt-to-capital ratio could also imply limited access to debt financing which could potentially limit the company's growth opportunities. Further analysis of the company's overall financial health and capital structure would provide a more holistic view of its financial position.
Peer comparison
Dec 31, 2024