NOV Balance Sheet Health
Financial Health criteria checks 6/6
NOV has a total shareholder equity of $6.5B and total debt of $1.7B, which brings its debt-to-equity ratio to 26.8%. Its total assets and total liabilities are $11.4B and $4.9B respectively. NOV's EBIT is $750.0M making its interest coverage ratio 13.4. It has cash and short-term investments of $985.0M.
Key information
26.8%
Debt to equity ratio
US$1.75b
Debt
| Interest coverage ratio | 13.4x |
| Cash | US$985.00m |
| Equity | US$6.52b |
| Total liabilities | US$4.91b |
| Total assets | US$11.42b |
Recent financial health updates
We Think NOV (NYSE:NOV) Can Stay On Top Of Its Debt
Nov 10
Is NOV (NYSE:NOV) Using Too Much Debt?
Jul 26NOV (NYSE:NOV) Has A Pretty Healthy Balance Sheet
Apr 23We 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 06Recent updates
We Think NOV (NYSE:NOV) Can Stay On Top Of Its Debt
Nov 10NOV Is A Hold As It Expects Higher Drilling Activity By 2026
Oct 30Returns At NOV (NYSE:NOV) Are On The Way Up
Oct 15NOV Inc.'s (NYSE:NOV) Intrinsic Value Is Potentially 100% Above Its Share Price
Sep 12NOV Inc.'s (NYSE:NOV) Shares Lagging The Market But So Is The Business
Aug 28Is NOV (NYSE:NOV) Using Too Much Debt?
Jul 26Here's Why NOV (NYSE:NOV) Has Caught The Eye Of Investors
Jul 11NOV: A Top Oil And Gas Services Pick Under Quiet Accumulation
Jul 09Returns On Capital Are Showing Encouraging Signs At NOV (NYSE:NOV)
Jun 06NOV's (NYSE:NOV) Upcoming Dividend Will Be Larger Than Last Year's
May 22Is NOV Inc. (NYSE:NOV) Trading At A 22% Discount?
May 14NOV (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 24Financial Position Analysis
Short Term Liabilities: NOV's short term assets ($5.9B) exceed its short term liabilities ($2.3B).
Long Term Liabilities: NOV's short term assets ($5.9B) exceed its long term liabilities ($2.6B).
Debt to Equity History and Analysis
Debt Level: NOV's net debt to equity ratio (11.7%) is considered satisfactory.
Reducing Debt: NOV's debt to equity ratio has reduced from 30.6% to 26.8% over the past 5 years.
Debt Coverage: NOV's debt is well covered by operating cash flow (62.3%).
Interest Coverage: NOV's interest payments on its debt are well covered by EBIT (13.4x coverage).