Nabors Industries Balance Sheet Health
Financial Health criteria checks 3/6
Nabors Industries has a total shareholder equity of $1.3B and total debt of $2.5B, which brings its debt-to-equity ratio to 197.3%. Its total assets and total liabilities are $4.6B and $3.4B respectively. Nabors Industries's EBIT is $256.2M making its interest coverage ratio 1.8. It has cash and short-term investments of $425.6M.
Key information
197.3%
Debt to equity ratio
US$2.51b
Debt
Interest coverage ratio | 1.8x |
Cash | US$425.56m |
Equity | US$1.27b |
Total liabilities | US$3.37b |
Total assets | US$4.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0A6M's short term assets ($1.1B) exceed its short term liabilities ($602.4M).
Long Term Liabilities: 0A6M's short term assets ($1.1B) do not cover its long term liabilities ($2.8B).
Debt to Equity History and Analysis
Debt Level: 0A6M's net debt to equity ratio (163.9%) is considered high.
Reducing Debt: 0A6M's debt to equity ratio has increased from 120.2% to 197.3% 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 0A6M has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 0A6M is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 29.3% per year.