NOV (NOV) Interest Expense

: $-88 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NOV's interest expense for the three months ended in Dec. 2023 was $ -23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-88 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. NOV's Operating Income for the three months ended in Dec. 2023 was $ 161 Mil. NOV's Interest Expense for the three months ended in Dec. 2023 was $ -23 Mil. NOV's Interest Coverage for the quarter that ended in Dec. 2023 was 7.00. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

NOV Interest Expense Historical Data

The historical data trend for NOV's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

NOV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-100.00

-84.00

-77.00

-78.00

-88.00

NOV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-21.00	-21.00	-21.00	-23.00	-23.00

NOV Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-88 Mil.

NOV (NYSE:NOV) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

NOV's Interest Expense for the three months ended in Dec. 2023 was $-23 Mil. Its Operating Income for the three months ended in Dec. 2023 was $161 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,270 Mil.

NOV's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	161	/	-23
	=	7.00

The higher the ratio, the stronger the company's financial strength is.

NOV (NOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NOV Inc (NYSE:NOV) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

0K58:UK NO8:Germany NO8:Germany

Address

10353 Richmond Avenue, Houston, TX, USA, 77042-4103

Website

https://www.nov.com

NOV (formerly National Oilwell Varco) is a leading supplier of oil and gas drilling rig equipment and products, such as downhole tools, drill pipe, and well casing. The company operates on a global scale, with international markets contributing more than 60% of its annual revenue.

Executives

Eric L Mattson	director	C/O REX ENERGY CORP, 366 WALKER DRIVE, STATE COLLEGE PA 16801
Christy Lynn Novak	officer: VP, Corp. Controller, CAO	C/O NOV INC., 7909 PARKWOOD CIRCLE DR., HOUSTON TX 77036
Kirk M. Shelton	officer: Pres. - Compl. and Prod. Sol.	C/O NOV INC., 7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036
Isaac H. Joseph	officer: See Remarks	C/O NOV INC., 7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036
David D Harrison	director	5500 WAYZATA BLVD., SUITE 800, GOLDEN VALLEY MN 55416
Greg L Armstrong	director
Robert S. Welborn	director	C/O NOV INC., 7909 PARKWOOD CIRCLE DR., HOUSTON TX 77036
Scott K. Duff	officer: VP Cntrlr Chf Acctg Offcr	7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036-6565
Jose A Bayardo	officer: Senior VP and CFO	11700 OLD KATY ROAD SUITE 300, HOUSTON TX 77079
Joseph W Rovig	officer: See Remarks	7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036-6565
Clay C Williams	director, officer: Chairman, President and CEO
Craig L. Weinstock	officer: Sr. VP. & Gen. Counsel	7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036-6565
Melody B Meyer	director	1 NORTH WAUKEGAN ROAD, NORTH CHICAGO IL 60064
James T Hackett	director	C/O FLUOR CORPORATION, 6700 LAS COLINAS BLVD, IRVING TX 75039
Marcela E Donadio	director	7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036-6565