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NOV Equity-to-Asset

: 0.51 (As of Jun. 2022)
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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. NOV's Total Stockholders Equity for the quarter that ended in Jun. 2022 was $4,909 Mil. NOV's Total Assets for the quarter that ended in Jun. 2022 was $9,700 Mil. Therefore, NOV's Equity to Asset Ratio for the quarter that ended in Jun. 2022 was 0.51.

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

NOV' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.15   Med: 0.59   Max: 0.71
Current: 0.51

During the past 13 years, the highest Equity to Asset Ratio of NOV was 0.71. The lowest was 0.15. And the median was 0.59.

NOV's Equity-to-Asset is ranked better than
55.79% of 1106 companies
in the Oil & Gas industry
Industry Median: 0.47 vs NOV: 0.51

NOV Equity-to-Asset Historical Data

The historical data trend for NOV'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.

* Premium members only.

NOV Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Equity-to-Asset
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.70 0.70 0.59 0.53 0.52

NOV Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Equity-to-Asset 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 0.53 0.52 0.52 0.52 0.51

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, NOV'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.

   

NOV Equity-to-Asset Distribution

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

* The bar in red indicates where NOV's Equity-to-Asset falls into.



NOV 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.

NOV's Equity to Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Equity to Asset (A: Dec. 2021 )=Total Stockholders Equity/Total Assets
=4997/9550
=0.52

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

Equity to Asset (Q: Jun. 2022 )=Total Stockholders Equity/Total Assets
=4909/9700
=0.51

* 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) Equity-to-Asset Explanation

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%.


NOV Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of NOV's Equity-to-Asset 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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