NOV Inc. (NOV)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $6,428,000K
= 0.00
The debt-to-equity ratio of NOV Inc. has remained consistently at 0.00 over the past five years from March 31, 2020, to December 31, 2024. This signifies that the company has had no debt on its balance sheet relative to its equity during this period. A debt-to-equity ratio of 0.00 indicates that the company is entirely financed by equity, which may indicate a lower financial risk as the company is not relying on borrowed funds to operate or grow. However, it is important to note that a zero debt-to-equity ratio may also suggest that the company is missing out on potential tax advantages associated with debt financing or may not be leveraging its capital structure efficiently.
Peer comparison
Dec 31, 2024