Alex Philips - NOV Chief Officer

NO8 Stock  EUR 15.37  0.28  1.79%   

Insider

Alex Philips is Chief Officer of NOV Inc
Phone713 346 7500
Webhttps://www.nov.com

NOV Management Efficiency

The company has return on total asset (ROA) of 0.0248 % which means that it generated a profit of $0.0248 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0304 %, meaning that it generated $0.0304 on every $100 dollars invested by stockholders. NOV's management efficiency ratios could be used to measure how well NOV manages its routine affairs as well as how well it operates its assets and liabilities.
NOV Inc has accumulated 1.72 B in total debt with debt to equity ratio (D/E) of 24.0, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. NOV Inc has a current ratio of 3.23, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist NOV until it has trouble settling it off, either with new capital or with free cash flow. So, NOV's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like NOV Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for NOV to invest in growth at high rates of return. When we think about NOV's use of debt, we should always consider it together with cash and equity.

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National Oilwell Varco, Inc. designs, manufactures, and sells systems, components, and products for oil and gas drilling and production worldwide. The company was founded in 1862 and is based in Houston, Texas. National Oilwell operates under Oil Gas Equipment Services classification in Germany and is traded on Frankfurt Stock Exchange. It employs 34220 people. NOV Inc (NO8) is traded on Frankfurt Exchange in Germany and employs 32,307 people.

Management Performance

NOV Inc Leadership Team

Elected by the shareholders, the NOV's board of directors comprises two types of representatives: NOV inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NOV. The board's role is to monitor NOV's management team and ensure that shareholders' interests are well served. NOV's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, NOV's outside directors are responsible for providing unbiased perspectives on the board's policies.
Alex Philips, Chief Officer
Blake McCarthy, VP Relations
Kirk Shelton, Pres Solutions
Jose Bayardo, VP CFO
Clay Williams, Pres Chairman
Christy Novak, Co VP
Joseph Rovig, Pres Technologies
Bonnie Houston, Chief Officer
Isaac Joseph, Pres Technologies
David Reid, Chief CTO

NOV Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is NOV a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Additional Information and Resources on Investing in NOV Stock

When determining whether NOV Inc is a strong investment it is important to analyze NOV's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NOV's future performance. For an informed investment choice regarding NOV Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NOV Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
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Please note, there is a significant difference between NOV's value and its price as these two are different measures arrived at by different means. Investors typically determine if NOV is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NOV's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.