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
NOV (NYSE:NOV) Has A Pretty Healthy Balance Sheet
Apr 23
We Think NOV (NYSE:NOV) Can Stay On Top Of Its Debt
Dec 18We Think NOV (NYSE:NOV) Is Taking Some Risk With Its Debt
Jun 19NOV (NYSE:NOV) Has A Somewhat Strained Balance Sheet
Mar 06We Think NOV (NYSE:NOV) Has A Fair Chunk Of Debt
Jul 25Recent updates
NOV (NYSE:NOV) Has A Pretty Healthy Balance Sheet
Apr 23NOV: Energy Supplier Sees Some Energy Itself
Apr 15NOV (NYSE:NOV) Is Paying Out A Dividend Of $0.05
Mar 07Some Confidence Is Lacking In NOV Inc.'s (NYSE:NOV) P/S
Mar 05There May Be Underlying Issues With The Quality Of NOV's (NYSE:NOV) Earnings
Feb 15NOV's Selloff On Last Week's Events Is Likely Overdone, But Wait For The Dust To Settle
Feb 05Earnings Beat: NOV Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Feb 04Estimating The Intrinsic Value Of NOV Inc. (NYSE:NOV)
Jan 14NOV Earnings Preview: Cash Flow Inflection Point Is Coming
Jan 08We Think NOV (NYSE:NOV) Can Stay On Top Of Its Debt
Dec 18NOV (NYSE:NOV) Is Looking To Continue Growing Its Returns On Capital
Dec 05NOV (NYSE:NOV) Will Pay A Dividend Of $0.05
Nov 20Here's Why We Think NOV (NYSE:NOV) Is Well Worth Watching
Oct 30NOV: A Balanced Approach For Long-Term Investors
Oct 24NOV Inc.'s (NYSE:NOV) Intrinsic Value Is Potentially 38% Above Its Share Price
Oct 13Returns Are Gaining Momentum At NOV (NYSE:NOV)
Sep 04NOV: Riding The Wave Of International Drilling Growth
Aug 09NOV Inc.'s (NYSE:NOV) P/S Still Appears To Be Reasonable
Jul 26A Look At The Fair Value Of NOV Inc. (NYSE:NOV)
Jul 08We Think NOV (NYSE:NOV) Is Taking Some Risk With Its Debt
Jun 19NOV: A Hold Until Valuation Goes Down
May 26NOV (NYSE:NOV) Is Looking To Continue Growing Its Returns On Capital
Apr 17A Look At The Fair Value Of NOV Inc. (NYSE:NOV)
Mar 27NOV (NYSE:NOV) Has A Somewhat Strained Balance Sheet
Mar 06National Oilwell Varco declares $0.05 dividend
Feb 24National Oilwell Varco Q4 2022 Earnings Preview
Feb 05NOV: Time To Lock In Some Profits
Jan 11The Return Trends At NOV (NYSE:NOV) Look Promising
Dec 26Estimating The Intrinsic Value Of NOV Inc. (NYSE:NOV)
Nov 29NOV Inc: Inevitable Upside But A Risky Entry Now
Nov 06National Oilwell Varco GAAP EPS of $0.08 misses by $0.09, revenue of $1.89B beats by $70M
Oct 27National Oilwell Varco declares $0.05 dividend
Aug 17Are Investors Undervaluing NOV Inc. (NYSE:NOV) By 40%?
Aug 16NOV GAAP EPS of $0.18 beats by $0.14, revenue of $1.73B beats by $100M
Jul 27We Think NOV (NYSE:NOV) Has A Fair Chunk Of Debt
Jul 25Financial Position Analysis
Short Term Liabilities: NOV's short term assets ($5.7B) exceed its short term liabilities ($2.3B).
Long Term Liabilities: NOV's short term assets ($5.7B) exceed its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: NOV's net debt to equity ratio (21.2%) is considered satisfactory.
Reducing Debt: NOV's debt to equity ratio has increased from 17.9% to 28.6% over the past 5 years.
Debt Coverage: NOV's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: NOV's interest payments on its debt are well covered by EBIT (11.7x coverage).