NOV Balance Sheet Health
Financial Health criteria checks 4/6
NOV has a total shareholder equity of $6.3B and total debt of $1.8B, which brings its debt-to-equity ratio to 28.6%. Its total assets and total liabilities are $11.3B and $5.0B respectively. NOV's EBIT is $738.0M making its interest coverage ratio 11.7. It has cash and short-term investments of $468.0M.
Key information
28.6%
Debt to equity ratio
US$1.81b
Debt
Interest coverage ratio | 11.7x |
Cash | US$468.00m |
Equity | US$6.32b |
Total liabilities | US$4.98b |
Total assets | US$11.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: N1OV34's short term assets ($5.7B) exceed its short term liabilities ($2.3B).
Long Term Liabilities: N1OV34's short term assets ($5.7B) exceed its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: N1OV34's net debt to equity ratio (21.2%) is considered satisfactory.
Reducing Debt: N1OV34's debt to equity ratio has increased from 17.9% to 28.6% over the past 5 years.
Debt Coverage: N1OV34's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: N1OV34's interest payments on its debt are well covered by EBIT (11.7x coverage).