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
Is NOV (NYSE:NOV) Using Too Much Debt?
Jul 26
NOV (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
Is 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 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 27Financial 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 (14.3%) is considered satisfactory.
Reducing Debt: NOV's debt to equity ratio has reduced from 29.3% to 27.2% over the past 5 years.
Debt Coverage: NOV's debt is well covered by operating cash flow (44.1%).
Interest Coverage: NOV's interest payments on its debt are well covered by EBIT (13.6x coverage).