NOV Balance Sheet Health
Financial Health criteria checks 6/6
NOV has a total shareholder equity of $6.4B and total debt of $1.7B, which brings its debt-to-equity ratio to 27.2%. Its total assets and total liabilities are $11.3B and $4.9B respectively. NOV's EBIT is $870.0M making its interest coverage ratio 13.6. It has cash and short-term investments of $827.0M.
Key information
27.2%
Debt to equity ratio
US$1.75b
Debt
| Interest coverage ratio | 13.6x |
| Cash | US$827.00m |
| Equity | US$6.43b |
| Total liabilities | US$4.87b |
| Total assets | US$11.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0K58's short term assets ($5.8B) exceed its short term liabilities ($2.2B).
Long Term Liabilities: 0K58's short term assets ($5.8B) exceed its long term liabilities ($2.6B).
Debt to Equity History and Analysis
Debt Level: 0K58's net debt to equity ratio (14.3%) is considered satisfactory.
Reducing Debt: 0K58's debt to equity ratio has reduced from 29.3% to 27.2% over the past 5 years.
Debt Coverage: 0K58's debt is well covered by operating cash flow (44.1%).
Interest Coverage: 0K58's interest payments on its debt are well covered by EBIT (13.6x coverage).