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National Oilwell Varco Inc  (NYSE:NOV) Debt-to-Equity: 0.20 (As of Sep. 2018)

National Oilwell Varco Inc's Current Portion of Long-Term Debt for the quarter that ended in Sep. 2018 was USD 8 Mil. National Oilwell Varco Inc's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2018 was USD 2,706 Mil. National Oilwell Varco Inc's Total Stockholders Equity for the quarter that ended in Sep. 2018 was USD 13,906 Mil. National Oilwell Varco Inc's debt to equity for the quarter that ended in Sep. 2018 was 0.20.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

NYSE:NOV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03   Max: 3.16
Current: 0.2
0.03
3.16

During the past 13 years, the highest Debt-to-Equity Ratio of National Oilwell Varco Inc was 3.16. The lowest was 0.03. And the median was 0.21.

NYSE:NOV's Debt-to-Equity is ranked higher than
75% of the 201 Companies
in the Global industry.

( Industry Median: 0.48 vs. NYSE:NOV: 0.20 )
Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

National Oilwell Varco Inc Annual Data

Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Debt-to-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.14 0.15 0.24 0.23 0.19

National Oilwell Varco Inc Quarterly Data

Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
Debt-to-Equity 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 0.23 0.19 0.19 0.20 0.20
Competitive Comparison
* 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.

National Oilwell Varco Inc Distribution

* The bar in red indicates where National Oilwell Varco Inc's Debt-to-Equity falls into.


Calculation

Debt to Equity measures the financial leverage a company has.

National Oilwell Varco Inc's Debt to Equity Ratio for the fiscal year that ended in Dec. 2017 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Current Portion of Long-Term Debt + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(6 + 2706) / 14094
=0.19

National Oilwell Varco Inc's Debt to Equity Ratio for the quarter that ended in Sep. 2018 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Current Portion of Long-Term Debt + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(8 + 2706) / 13906
=0.20

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

In the calculation of Debt to Equity, we use the total of Current Portion of Long-Term Debt and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Related Terms

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