Nabors Industries (LTS:0A6M) Debt-to-Equity : 13.11 (As of Sep. 2024)

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What is Nabors Industries Debt-to-Equity?

Nabors Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $6 Mil. Nabors Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $2,503 Mil. Nabors Industries's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $191 Mil. Nabors Industries's debt to equity for the quarter that ended in Sep. 2024 was 13.11.

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.

The historical rank and industry rank for Nabors Industries's Debt-to-Equity or its related term are showing as below:

LTS:0A6M' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.76 Med: 1.63 Max: 13.11
Current: 13.11

During the past 13 years, the highest Debt-to-Equity Ratio of Nabors Industries was 13.11. The lowest was 0.76. And the median was 1.63.

LTS:0A6M's Debt-to-Equity is ranked worse than
99.03% of 823 companies
in the Oil & Gas industry
Industry Median: 0.47 vs LTS:0A6M: 13.11

Nabors Industries Debt-to-Equity Historical Data

The historical data trend for Nabors Industries's Debt-to-Equity 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.

Nabors Industries Debt-to-Equity Chart

Nabors Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.69

2.59

5.53

6.90

9.63

Nabors Industries Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															7.20	9.63	8.79	10.07	13.11

Competitive Comparison of Nabors Industries's Debt-to-Equity

For the Oil & Gas Drilling subindustry, Nabors Industries's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Nabors Industries's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Nabors Industries's Debt-to-Equity falls into.

Nabors Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nabors Industries's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(635.044	+	2511.519)	/	326.614
	=	9.63

Nabors Industries's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(5.86	+	2503.27)	/	191.363
	=	13.11

Nabors Industries (LTS:0A6M) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation 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.

Nabors Industries Debt-to-Equity Related Terms

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Nabors Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Nabors Industries Ltd (LTS:0A6M) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NBR:USA NBI1:Germany

Address

4 Par-la-Ville Road, Crown House, Second Floor, Hamilton, BMU, HM 08

Website

https://www.nabors.com

Nabors Industries Ltd owns and operates 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, 291 actively marketed rigs for land-based drilling operations and 28 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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