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NOV Current Ratio

: 2.35 (As of Jun. 2022)
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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. NOV's current ratio for the quarter that ended in Jun. 2022 was 2.35.

NOV has a current ratio of 2.35. It generally indicates good short-term financial strength.

The historical rank and industry rank for NOV's Current Ratio or its related term are showing as below:

NOV' s Current Ratio Range Over the Past 10 Years
Min: 1.63   Med: 2.61   Max: 4.34
Current: 2.35

During the past 13 years, NOV's highest Current Ratio was 4.34. The lowest was 1.63. And the median was 2.61.

NOV's Current Ratio is ranked better than
73.15% of 1095 companies
in the Oil & Gas industry
Industry Median: 1.38 vs NOV: 2.35

NOV Current Ratio Historical Data

The historical data trend for NOV's Current Ratio 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 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Current Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.07 3.11 2.72 2.79 2.57

NOV Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Current Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.71 2.67 2.57 2.50 2.35

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, NOV's Current Ratio, along with its competitors' market caps and Current Ratio 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.

   

NOV Current Ratio Distribution

For the Oil & Gas industry and Energy sector, NOV's Current Ratio distribution charts can be found below:

* The bar in red indicates where NOV's Current Ratio falls into.



NOV Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

NOV's Current Ratio for the fiscal year that ended in Dec. 2021

Current Ratio (A: Dec. 2021 )=Total Current Assets (A: Dec. 2021 )/Total Current Liabilities (A: Dec. 2021 )
=4902/1910
=2.57

NOV's Current Ratio for the quarter that ended in Jun. 2022 is calculated as

Current Ratio (Q: Jun. 2022 )=Total Current Assets (Q: Jun. 2022 )/Total Current Liabilities (Q: Jun. 2022 )
=5093/2171
=2.35

* 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.


NOV  (NYSE:NOV) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


NOV Current Ratio Related Terms

Thank you for viewing the detailed overview of NOV's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


NOV Business Description

NOV logo
Address
7909 Parkwood Circle Drive, Houston, TX, USA, 77036-6565
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 more than a thousand locations in six continents.
Executives
Shelton Kirk M. officer: Pres. - Compl. and Prod. Sol. C/O NOV INC., 7909 PARKWOOD CIRCLE DRIVE HOUSTON TX 77036
Joseph Isaac H. officer: Pres. - Wellbore Technologies C/O NOV INC., 7909 PARKWOOD CIRCLE DRIVE HOUSTON TX 77036
Novak Christy Lynn officer: VP, Corp. Controller, CAO C/O NOV INC. 7909 PARKWOOD CIRCLE DR. HOUSTON TX 77036
Welborn Robert S. director C/O NOV INC. 7909 PARKWOOD CIRCLE DR. HOUSTON TX 77036
Meyer Melody B director 1 NORTH WAUKEGAN ROAD NORTH CHICAGO IL 60064
Hackett James T director C/O FLUOR CORPORATION 6700 LAS COLINAS BLVD IRVING TX 75039
Jarvis Roger L director SPINNAKER EXPLORATION CO 1200 SMITH ST STE 800 HOUSTON TX 77002
Thomas William R. director 1111 BAGBY, SKY LOBBY 2 HOUSTON TX 77002
Donadio Marcela E director 7909 PARKWOOD CIRCLE DRIVE HOUSTON TX 77036-6565
Armstrong Greg L director
Guill Ben A director 600 TRAVIS SUITE 6000 HOUSTON TX 77002
Mattson Eric L director C/O REX ENERGY CORP 366 WALKER DRIVE STATE COLLEGE PA 16801
Bayardo Jose A officer: Senior VP and CFO 11700 OLD KATY ROAD SUITE 300 HOUSTON TX 77079
Weinstock Craig L. officer: Sr. VP. & Gen. Counsel 7909 PARKWOOD CIRCLE DRIVE HOUSTON TX 77036-6565
Williams Clay C director, officer: Chairman, President and CEO

NOV Headlines

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