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
Here's Why Nabors Industries (NYSE:NBR) Has A Meaningful Debt Burden
Jan 11
These 4 Measures Indicate That Nabors Industries (NYSE:NBR) Is Using Debt Extensively
Oct 03Nabors Industries (NYSE:NBR) Takes On Some Risk With Its Use Of Debt
Mar 17Is Nabors Industries (NYSE:NBR) Using Debt Sensibly?
Dec 09Is Nabors Industries (NYSE:NBR) Using Debt In A Risky Way?
Jul 13Is Nabors Industries (NYSE:NBR) A Risky Investment?
Mar 26Recent updates
Are Investors Undervaluing Nabors Industries Ltd. (NYSE:NBR) By 36%?
Mar 16Nabors Industries Is A Buy Despite The Saudi Announcement
Feb 19The Return Trends At Nabors Industries (NYSE:NBR) Look Promising
Jan 29Nabors Industries: Debt Concerns Linger
Jan 13Here's Why Nabors Industries (NYSE:NBR) Has A Meaningful Debt Burden
Jan 11Lacklustre Performance Is Driving Nabors Industries Ltd.'s (NYSE:NBR) Low P/S
Dec 19Nabors Industries: Setting Up For Another Buying Opportunity
Nov 11Nabors Industries: A Challenging Third Quarter
Oct 30Nabors Industries (NYSE:NBR) Is Looking To Continue Growing Its Returns On Capital
Oct 26These 4 Measures Indicate That Nabors Industries (NYSE:NBR) Is Using Debt Extensively
Oct 03Nabors Industries: Domestic Drilling Activity Is Declining
Jul 31Nabors Industries (NYSE:NBR) Is Doing The Right Things To Multiply Its Share Price
Jun 26Nabors Industries: Don't Worry Too Much About The U.S. Rig Count
May 30Nabors Industries (NYSE:NBR) Takes On Some Risk With Its Use Of Debt
Mar 17Investors Will Want Nabors Industries' (NYSE:NBR) Growth In ROCE To Persist
Feb 24Nabors Industries: A Decent Second Choice
Feb 09Is Nabors Industries (NYSE:NBR) Using Debt Sensibly?
Dec 09Miller Value Partners - Nabors: A Significantly Mispriced Opportunity
Nov 08Nabors Industries: A Positive Outlook For Demand Is Helping
Sep 06Nabors Non-GAAP EPS of -$6.99 beats by $0.68, revenue of $631.77M beats by $18.95M
Aug 03Is Nabors Industries (NYSE:NBR) Using Debt In A Risky Way?
Jul 13Nabors Industries: Still Overhang In The Market
Jun 21Nabors Industries: Average Rig Counts Rising
Apr 30Is Nabors Industries (NYSE:NBR) A Risky Investment?
Mar 26Nabors Industries: Oil Prices Come To The Rescue
Feb 15Nabors Industries: A Play For A Pivot To Drilling
Jan 06Nabors Industries (NYSE:NBR) Has Debt But No Earnings; Should You Worry?
Dec 21Nabors Industries: A Disappointing Quarter
Oct 29Nabors Industries: International Drilling Activity To The Rescue
Oct 20Is Nabors Industries (NYSE:NBR) Using Debt In A Risky Way?
Aug 31Nabors Industries: Some Progress But More Needed
Jul 31Nabors Industries SPAC files for IPO on NYSE
Jun 08We Discuss Why Nabors Industries Ltd.'s (NYSE:NBR) CEO Compensation May Be Closely Reviewed
May 26Estimating The Intrinsic Value Of Nabors Industries Ltd. (NYSE:NBR)
May 13Nabors Industries: A Better Tomorrow
May 06Financial Position Analysis
Short Term Liabilities: NBR's short term assets ($1.1B) exceed its short term liabilities ($602.4M).
Long Term Liabilities: NBR's short term assets ($1.1B) do not cover its long term liabilities ($2.8B).
Debt to Equity History and Analysis
Debt Level: NBR's net debt to equity ratio (163.9%) is considered high.
Reducing Debt: NBR'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 NBR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NBR is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 32.8% per year.