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National Oilwell Varco Inc  (NYSE:NOV) Debt-to-EBITDA : 5.06 As of Mar. 2018

Debt-to-EBITDA measures a company's ability to pay off its debt.

National Oilwell Varco Inc's Current Portion of Long-Term Debt for the quarter that ended in Mar. 2018 was $6 Mil. National Oilwell Varco Inc's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2018 was $2,707 Mil. National Oilwell Varco Inc's annualized EBITDA for the quarter that ended in Mar. 2018 was $536 Mil. National Oilwell Varco Inc's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2018 was 5.06.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

NYSE:NOV' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.77   Max: 14.98
Current: 5.76

-1.77
14.98

During the past 13 years, the highest Debt-to-EBITDA Ratio of National Oilwell Varco Inc was 14.98. The lowest was -1.77. And the median was 0.52.

NYSE:NOV's Debt-to-EBITDA is ranked lower than
67% of the 165 Companies
in the Global industry.

( Industry Median: 4.06 vs. NYSE:NOV: 5.76 )

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-EBITDA Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.79 0.72 14.98 -1.77 6.65

National Oilwell Varco Inc Quarterly Data

Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18
Debt-to-EBITDA 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 11.99 7.17 4.73 12.33 5.06

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-EBITDA falls into.



Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

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

Debt-to-EBITDA=Total Debt / EBITDA
=(Current Portion of Long-Term Debt + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(6 + 2706) / 408
=6.65

National Oilwell Varco Inc's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2018 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Current Portion of Long-Term Debt + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(6 + 2707) / 536
=5.06

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

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Mar. 2018) EBITDA data.


Explanation

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


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


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