NOV Inc.

NYSE:NOV Stock Report

Market Cap: US$4.9b

NOV Balance Sheet Health

Financial Health criteria checks 6/6

NOV has a total shareholder equity of $6.6B and total debt of $1.7B, which brings its debt-to-equity ratio to 26.3%. Its total assets and total liabilities are $11.4B and $4.8B respectively. NOV's EBIT is $807.0M making its interest coverage ratio 17.5. It has cash and short-term investments of $1.1B.

Key information

26.35%

Debt to equity ratio

US$1.73b

Debt

Interest coverage ratio17.5x
CashUS$1.08b
EquityUS$6.56b
Total liabilitiesUS$4.81b
Total assetsUS$11.36b

Recent financial health updates

NOV (NYSE:NOV) Seems To Use Debt Quite Sensibly

Aug 17
NOV (NYSE:NOV) Seems To Use Debt Quite Sensibly

Does NOV (NYSE:NOV) Have A Healthy Balance Sheet?

Feb 21
Does NOV (NYSE:NOV) Have A Healthy Balance Sheet?

We Think NOV (NYSE:NOV) Can Stay On Top Of Its Debt

Nov 10
We Think NOV (NYSE:NOV) Can Stay On Top Of Its Debt

Recent updates

NOV Inc.: Sound Company But Headwinds Are Mounting

Sep 30

Returns Are Gaining Momentum At NOV (NYSE:NOV)

Sep 13
Returns Are Gaining Momentum At NOV (NYSE:NOV)

NOV (NYSE:NOV) Seems To Use Debt Quite Sensibly

Aug 17
NOV (NYSE:NOV) Seems To Use Debt Quite Sensibly

NOV Inc.'s (NYSE:NOV) Price Is Right But Growth Is Lacking

Jul 25
NOV Inc.'s (NYSE:NOV) Price Is Right But Growth Is Lacking

NOV Inc. (NYSE:NOV) Shares Could Be 48% Below Their Intrinsic Value Estimate

Jun 16
NOV Inc. (NYSE:NOV) Shares Could Be 48% Below Their Intrinsic Value Estimate

There's Been No Shortage Of Growth Recently For NOV's (NYSE:NOV) Returns On Capital

May 21
There's Been No Shortage Of Growth Recently For NOV's (NYSE:NOV) Returns On Capital

There's No Escaping NOV Inc.'s (NYSE:NOV) Muted Earnings

Mar 25
There's No Escaping NOV Inc.'s (NYSE:NOV) Muted Earnings

NOV: The More You Dig, The Less Exciting It Is

Mar 07

Does NOV (NYSE:NOV) Have A Healthy Balance Sheet?

Feb 21
Does NOV (NYSE:NOV) Have A Healthy Balance Sheet?

NOV: Shareholder Returns Have Likely Peaked For Now

Feb 07

There's Been No Shortage Of Growth Recently For NOV's (NYSE:NOV) Returns On Capital

Jan 15
There's Been No Shortage Of Growth Recently For NOV's (NYSE:NOV) Returns On Capital

NOV Inc.'s (NYSE:NOV) Intrinsic Value Is Potentially 80% Above Its Share Price

Dec 31
NOV Inc.'s (NYSE:NOV) Intrinsic Value Is Potentially 80% Above Its Share Price

There's No Escaping NOV Inc.'s (NYSE:NOV) Muted Earnings

Dec 16
There's No Escaping NOV Inc.'s (NYSE:NOV) Muted Earnings

We Think NOV (NYSE:NOV) Can Stay On Top Of Its Debt

Nov 10
We Think NOV (NYSE:NOV) Can Stay On Top Of Its Debt

NOV Is A Hold As It Expects Higher Drilling Activity By 2026

Oct 30

Returns At NOV (NYSE:NOV) Are On The Way Up

Oct 15
Returns At NOV (NYSE:NOV) Are On The Way Up
User avatar

Offshore Expansion And AI Efficiency Drive Growth Amid Analytical Concerns And North American Market Challenges

Expansion into international and offshore markets and strategic acquisitions, like Keystone Tower Systems, diversify NOV's earnings and promise new revenue streams.

NOV: A Top Oil And Gas Services Pick Under Quiet Accumulation

Jul 09

NOV: Energy Supplier Sees Some Energy Itself

Apr 15

NOV's Selloff On Last Week's Events Is Likely Overdone, But Wait For The Dust To Settle

Feb 05

NOV Earnings Preview: Cash Flow Inflection Point Is Coming

Jan 08

Financial Position Analysis

Short Term Liabilities: NOV's short term assets ($5.8B) exceed its short term liabilities ($2.2B).

Long Term Liabilities: NOV's short term assets ($5.8B) exceed its long term liabilities ($2.6B).

Debt to Equity History and Analysis

Debt Level: NOV's net debt to equity ratio (9.9%) is considered satisfactory.

Reducing Debt: NOV's debt to equity ratio has reduced from 36.7% to 26.3% over the past 5 years.

Debt Coverage: NOV's debt is well covered by operating cash flow (73.8%).

Interest Coverage: NOV's interest payments on its debt are well covered by EBIT (17.5x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/03 13:50
End of Day Share Price 2025/10/03 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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 Github.

Analyst Sources

NOV Inc. is covered by 66 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
William SeleskyArgus Research Company
Daniel LebenBaird
Ishan MajumdarBaptista Research