NOV Inc.

NOV Inc.verified

NOV

Price:

$18.44

Market Cap:

$7.29B

NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors worldwide. The company operates through three segments: Wellbore Technologies, Completion & Production Solutions, and Rig Technologies. It also provides solids control and waste management equipment and services; portable power generation products; drill and wired pipes; drilling optimization and automation services; tubular inspection, repair, and coating services; instrumentation; measuring and monitoring services; downhole and fishing tools; steerable technologies; and drill bits. The company offers equipment and techn...[Read more]

Industry

Oil & Gas Equipment & Services

IPO Date

1996-10-29

Stock Exchange

NYSE

Ticker

NOV

The Current Ratio as of July 2024 (TTM) for NOV Inc. (NOV) is 2.50

According to NOV Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.50. This represents a change of 3.85% compared to the average of 2.41 of the last 4 quarters.

NOV Inc. (NOV) Historical Current Ratio (quarterly & annually)

How has NOV Current Ratio performed in the past?

The mean historical Current Ratio of NOV Inc. over the last ten years is 2.65. The current 2.50 Current Ratio has changed 9.36% with respect to the historical average. Over the past ten years (40 quarters), NOV's Current Ratio was at its highest in in the March 2018 quarter at 3.37. The Current Ratio was at its lowest in in the December 2014 quarter at 2.19.

Quarterly (TTM)
Annual

Average

2.65

Median

2.65

Minimum

2.19

Maximum

3.11

NOV Inc. (NOV) Current Ratio by Quarter and Year

Discovering the peaks and valleys of NOV Inc. 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 = 26.72%

Maximum Annual Current Ratio = 3.11

Minimum Annual Increase = -12.51%

Minimum Annual Current Ratio = 2.19

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.406.40%
20222.25-12.18%
20212.57-8.01%
20202.792.56%
20192.72-12.51%
20183.111.42%
20173.0718.61%
20162.58-6.93%
20152.7826.72%
20142.19-10.88%

NOV Inc. (NOV) Average Current Ratio

How has NOV Current Ratio performed in the past?

The current Current Ratio of NOV Inc. (NOV) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

2.41

5-year avg

2.55

10-year avg

2.65

NOV Inc. (NOV) Current Ratio vs. Peers

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

NOV Inc.’s Current Ratio is less than Dril-Quip, Inc. (0), less than MRC Global Inc. (5.35), greater than Solaris Oilfield Infrastructure, Inc. (1.48), greater than Ranger Energy Services, Inc. (1.78), greater than Bristow Group Inc. (2.01), greater than RPC, Inc. (1.71), less than Oceaneering International, Inc. (4.75), greater than Cactus, Inc. (1.76), less than Halliburton Company (3.24), greater than Schlumberger Limited (2.12), greater than ChampionX Corporation (1.37), greater than Weatherford International plc (1.83), greater than Oil States International, Inc. (1.84), less than Helix Energy Solutions Group, Inc. (3.31), greater than TechnipFMC plc (1.68), greater than null (1.16),

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