NOV (MEX:NOV) Interest Expense: MXN-1,611 Mil (TTM As of Mar. 2026)

NOV MEX:NOV 72 Interest Expense is MXN-1,611 Mil as of Mar. 2026. GuruFocus rates MEX:NOV with a GF Score™ of 72/100 and a GF Value™ of MXN319.34. The stock has 5 warning signs investors should review.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NOV's interest expense for the three months ended in Mar. 2026 was MXN -397 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2026 was MXN-1,611 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. NOV's Operating Income for the three months ended in Mar. 2026 was MXN 848 Mil. NOV's Interest Expense for the three months ended in Mar. 2026 was MXN -397 Mil. NOV's Interest Coverage for the quarter that ended in Mar. 2026 was 2.14. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

NOV (MEX:NOV) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

NOV's Interest Expense for the three months ended in Mar. 2026 was MXN-397 Mil. Its Operating Income for the three months ended in Mar. 2026 was MXN848 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2026 was MXN39,888 Mil.

NOV's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2026 )	/	Interest Expense (Q: Mar. 2026 )
	=	-1	*	847.537	/	-396.719
	=	2.14

* 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.

The higher the ratio, the stronger the company's financial strength is.

NOV Interest Expense Historical Data

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The historical data trend for NOV's Interest Expense can be seen below:

NOV Interest Expense Chart

NOV Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Interest Expense

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-1,579.58

-1,520.69

-1,493.73

-1,897.87

-1,584.50

NOV Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Interest Expense	Get a 7-Day Free Trial															-450.08	-414.24	-403.57	-396.13	-396.72

72GF Score

NOV Inc MEX:NOV

Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.

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NOV Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN-1,611 Mil.

Frequently Asked Questions Learn more about Interest Expense →

What does a Interest Expense of MXN-1,611 Mil mean?

NOV (MEX:NOV) has a Interest Expense of MXN-1,611 Mil as of Mar. 2026. Interest Expense is the amount a company pays on its long-term debt. View historical data on NOV and its competitors.

Is NOV's Interest Expense too high?

NOV's current Interest Expense is MXN-1,611 Mil. Overall, NOV has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.

How does NOV's Interest Expense compare to AROC and WFRD?

NOV's Interest Expense of MXN-1,611 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Interest Expense for an Oil & Gas company?

A good Interest Expense depends on the Oil & Gas industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Interest Expense mean?

A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on NOV and its competitors. NOV's current Interest Expense is MXN-1,611 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is NOV stock overvalued right now?

NOV (MEX:NOV) has a current Interest Expense of MXN-1,611 Mil. The stock's GF Value™ is MXN319.34, compared to a current price of MXN313.00 — trading 2% below its estimated fair value. The current Interest Expense is MXN-1,611 Mil. NOV's overall GF Score™ is 72/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Interest Expense calculated?

Interest Expense is calculated from a company's financial statements. For NOV (MEX:NOV), the current Interest Expense is MXN-1,611 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is NOV (MEX:NOV) Overvalued in 2026?

Based on GuruFocus' analysis, NOV stock appears to be undervalued. The current stock price of MXN313.00 is trading 2% below its estimated GF Value™ of MXN319.34.

Key valuation signals for MEX:NOV:

Interest Expense: MXN-1,611 Mil
GF Value™: MXN319.34 vs. price of MXN313.00 (2% below fair value)
GF Score™: 72/100 with 5 warning signs

No single metric tells the full story. See the MEX:NOV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

NOV Business Description

Industry Energy Oil & Gas

Comparable Companies AROC WFRD KGS SEI LBRT OII USAC WHD TDW NESR SLB BKR MIL:TEN HAL FTI SZSE:002353 OSL:SUBC MIL:SPM XPAR:GTT XPAR:TE

Other Exchanges NOV:USA 0K58:UK NO8:Germany N1OV34:Brazil

Address 10353 Richmond Avenue, Houston, TX, USA, 77042-4103

Website https://www.nov.com

NOV (formerly National Oilwell Varco) designs, manufactures, and sells a wide range of equipment and components supplying the oil and gas industry, including rig equipment, downhole tools, drill pipe, and well casing. NOV's customers include major integrated oil companies, national oil companies, independent oil and gas companies, and drilling contractors. Its operations are organized into two reportable segments: energy products and services and energy equipment. NOV operates on a global scale, with international markets contributing nearly two-thirds of its annual revenue.

72GF Score

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Interest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN313.00

Price

MXN319.34

GF Value

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