Nabors Industries Ltd.

Nabors Industries Ltd.verified

NBR

Price:

$66.05

Market Cap:

$630.13M

Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells. The company operates through five segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. It provides tubular running, wellbore placement, directional drilling, measurement-while-drilling (MWD), equipment manufacturing, and rig instrumentation services; and logging-while-drilling systems and services, as well as drilling optimization software. The company also offers REVit, an automated real time stick-slip mitigation system; ROCKit, a directional steering control system; SmartNAV, a collaborative guidance and adviso...[Read more]

Industry

Oil & Gas Drilling

IPO Date

1973-02-21

Stock Exchange

NYSE

Ticker

NBR

The Current Ratio as of September 2024 (TTM) for Nabors Industries Ltd. (NBR) is 1.82

According to Nabors Industries Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 1.82. This represents a change of 7.61% compared to the average of 1.69 of the last 4 quarters.

Nabors Industries Ltd. (NBR) Historical Current Ratio (quarterly & annually)

How has NBR Current Ratio performed in the past?

The mean historical Current Ratio of Nabors Industries Ltd. over the last ten years is 1.81. The current 1.82 Current Ratio has changed 9.96% with respect to the historical average. Over the past ten years (40 quarters), NBR's Current Ratio was at its highest in in the December 2021 quarter at 2.89. The Current Ratio was at its lowest in in the June 2017 quarter at 1.34.

Quarterly (TTM)
Annual

Average

1.81

Median

1.71

Minimum

1.36

Maximum

2.89

Nabors Industries Ltd. (NBR) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Nabors Industries Ltd. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 31.65%

Maximum Annual Current Ratio = 2.89

Minimum Annual Increase = -41.94%

Minimum Annual Current Ratio = 1.36

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.36-19.20%
20221.68-41.94%
20212.8931.65%
20202.2015.41%
20191.90-0.69%
20181.9221.67%
20171.5711.94%
20161.41-4.10%
20151.47-16.17%
20141.75-16.70%

Nabors Industries Ltd. (NBR) Average Current Ratio

How has NBR Current Ratio performed in the past?

The current Current Ratio of Nabors Industries Ltd. (NBR) is less than than its 3-year, less than than its 5-year, and greater than its 10-year historical averages

3-year avg

1.97

5-year avg

2.00

10-year avg

1.81

Nabors Industries Ltd. (NBR) Current Ratio vs. Peers

How is NBR’s Current Ratio compared to its peers?

Nabors Industries Ltd.’s Current Ratio is less than Helmerich & Payne, Inc. (2.12), greater than Precision Drilling Corporation (1.51), greater than Diamond Offshore Drilling, Inc. (1.73), less than Seadrill Limited (3.19), greater than Borr Drilling Limited (1.47), greater than Patterson-UTI Energy, Inc. (1.50), greater than Noble Corporation (1.55), greater than Transocean Ltd. (1.36),

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