NOV Inc. (NOV)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 11,361,000 | 11,294,000 | 10,135,000 | 9,550,000 | 9,929,000 |
| Total stockholders’ equity | US$ in thousands | 6,376,000 | 6,168,000 | 5,134,000 | 5,064,000 | 5,279,000 |
| Financial leverage ratio | 1.78 | 1.83 | 1.97 | 1.89 | 1.88 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $11,361,000K ÷ $6,376,000K
= 1.78
The financial leverage ratio of NOV Inc. has shown a slight increase from 1.88 in December 31, 2020, to 1.89 in December 31, 2021. Subsequently, there was a more significant rise to 1.97 in December 31, 2022. However, the ratio decreased to 1.83 in December 31, 2023, followed by a further decline to 1.78 in December 31, 2024. Overall, the company's financial leverage ratio indicates a fluctuating trend over the analyzed period, which may reflect changes in the company's capital structure and debt levels. It is essential for stakeholders to monitor this ratio closely to assess NOV Inc.'s financial risk and debt management strategies.
Peer comparison
Dec 31, 2024