Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Nabors Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $327 Mil. Nabors Industries's Total Assets for the quarter that ended in Dec. 2023 was $5,278 Mil.
Therefore, Nabors Industries's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.06.
The historical rank and industry rank for Nabors Industries's Equity-to-Asset or its related term are showing as below:
NBR'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.06 Med: 0.32 Max: 0.45
Current: 0.06
During the past 13 years, the highest Equity to Asset Ratio of Nabors Industries was 0.45. The lowest was 0.06. And the median was 0.32.
NBR's Equity-to-Asset is ranked worse than 90.17% of 1088
companies
in the Oil & Gas industry
Industry Median: 0.51
vs NBR: 0.06
Nabors Industries Equity-to-Asset Historical Data
The historical data trend for Nabors Industries's Equity-to-Asset 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.
Competitive Comparison of Nabors Industries's Equity-to-Asset
For the Oil & Gas Drilling subindustry, Nabors Industries's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nabors Industries's Equity-to-Asset Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Nabors Industries's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Nabors Industries's Equity-to-Asset falls into.
Nabors Industries Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Nabors Industries's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Nabors Industries Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Nabors Industries's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Nabors Industries (Nabors Industries) Business Description
Nabors Industries Ltd owns and operates one of the world's largest land-based drilling rig fleets and is a provider of offshore platform rigs in the United States and international markets. It also provides performance tools, directional drilling services, tubular running services, and innovative technologies. It has operations in over 15 countries, 300 actively marketed rigs for land-based drilling operations and 29 actively marketed rigs for offshore platform drilling operations in the United States and multiple international markets. The company has five reportable segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The key revenue of the company is generated from International Drilling.
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