NOV Balance Sheet Health
Financial Health criteria checks 6/6
NOV has a total shareholder equity of $6.5B and total debt of $1.7B, which brings its debt-to-equity ratio to 26.8%. Its total assets and total liabilities are $11.4B and $4.9B respectively. NOV's EBIT is $750.0M making its interest coverage ratio 13.4. It has cash and short-term investments of $985.0M.
Key information
26.8%
Debt to equity ratio
US$1.75b
Debt
| Interest coverage ratio | 13.4x |
| Cash | US$985.00m |
| Equity | US$6.52b |
| Total liabilities | US$4.91b |
| Total assets | US$11.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: N1OV34's short term assets ($5.9B) exceed its short term liabilities ($2.3B).
Long Term Liabilities: N1OV34's short term assets ($5.9B) exceed its long term liabilities ($2.6B).
Debt to Equity History and Analysis
Debt Level: N1OV34's net debt to equity ratio (11.7%) is considered satisfactory.
Reducing Debt: N1OV34's debt to equity ratio has reduced from 30.6% to 26.8% over the past 5 years.
Debt Coverage: N1OV34's debt is well covered by operating cash flow (62.3%).
Interest Coverage: N1OV34's interest payments on its debt are well covered by EBIT (13.4x coverage).