Nabors Industries Balance Sheet Health
Financial Health criteria checks 3/6
Nabors Industries has a total shareholder equity of $1.2B and total debt of $2.5B, which brings its debt-to-equity ratio to 202.8%. Its total assets and total liabilities are $4.6B and $3.3B respectively. Nabors Industries's EBIT is $252.6M making its interest coverage ratio 1.5. It has cash and short-term investments of $459.3M.
Key information
202.8%
Debt to equity ratio
US$2.50b
Debt
| Interest coverage ratio | 1.5x |
| Cash | US$459.30m |
| Equity | US$1.23b |
| Total liabilities | US$3.32b |
| Total assets | US$4.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NBI1's short term assets ($1.1B) exceed its short term liabilities ($571.6M).
Long Term Liabilities: NBI1's short term assets ($1.1B) do not cover its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: NBI1's net debt to equity ratio (165.6%) is considered high.
Reducing Debt: NBI1's debt to equity ratio has increased from 127.4% to 202.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable NBI1 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NBI1 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 10.1% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 00:32 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Nabors Industries Ltd. is covered by 57 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | Argus Research Company |
| Waqar Syed | ATB Capital Markets |
| Tim Monachello | ATB Capital Markets |