NOV Historical Balance Sheet

NOV Stock  USD 16.25  0.36  2.17%   
Trend analysis of NOV Inc balance sheet accounts such as Total Current Liabilities of 2.9 B provides information on NOV's total assets, liabilities, and equity, which is the actual value of NOV Inc to its prevalent stockholders. By breaking down trends over time using NOV balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
 
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Yuan Drop
 
Covid
Financial Statement Analysis is much more than just reviewing and examining NOV Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether NOV Inc is a good buy for the upcoming year.

NOV Inventory

2.49 Billion

  
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 persons.

About NOV Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of NOV Inc at a specified time, usually calculated after every quarter, six months, or one year. NOV Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of NOV and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which NOV currently owns. An asset can also be divided into two categories, current and non-current.

NOV Balance Sheet Chart

At this time, NOV's Liabilities And Stockholders Equity is fairly stable compared to the past year. Inventory is likely to climb to about 2.5 B in 2024, whereas Property Plant And Equipment Net is likely to drop slightly above 1.8 B in 2024.

Total Assets

Total assets refers to the total amount of NOV assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in NOV Inc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on NOV balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of NOV Inc are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most accounts from NOV's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into NOV Inc current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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 persons.
At this time, NOV's Liabilities And Stockholders Equity is fairly stable compared to the past year. Inventory is likely to climb to about 2.5 B in 2024, whereas Property Plant And Equipment Net is likely to drop slightly above 1.8 B in 2024.
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total2.4B2.4B2.4B1.7B
Total Assets9.6B10.1B11.3B14.7B

NOV balance sheet Correlations

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0.480.660.350.430.440.850.130.220.490.430.470.450.430.470.960.570.460.460.950.520.460.330.560.271.0
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NOV Account Relationship Matchups

NOV balance sheet Accounts

201920202021202220232024 (projected)
Total Assets13.1B9.9B9.6B10.1B11.3B14.7B
Short Long Term Debt Total2.8B2.6B2.4B2.4B2.4B1.7B
Other Current Liab991M753M679M872M776M1.4B
Total Current Liabilities2.2B1.9B1.9B2.4B2.4B2.9B
Total Stockholder Equity7.8B5.3B5.1B5.1B6.2B9.2B
Property Plant And Equipment Net3.0B2.5B2.4B2.3B2.4B1.8B
Net Debt1.6B864M797M1.3B1.6B1.6B
Retained Earnings690M(1.9B)(2.1B)(2.1B)(1.2B)(1.1B)
Accounts Payable715M489M612M906M904M730.4M
Cash1.2B1.7B1.6B1.1B816M1.5B
Non Current Assets Total7.0B4.7B4.6B4.6B5.5B7.8B
Non Currrent Assets Other349M207M258M164M334M350.7M
Cash And Short Term Investments1.2B1.7B1.6B1.1B816M1.5B
Net Receivables2.5B1.9B1.8B2.4B2.6B2.5B
Common Stock Shares Outstanding382M384M386M394M397M343.0M
Liabilities And Stockholders Equity13.1B9.9B9.6B10.1B11.3B14.7B
Non Current Liabilities Total3.1B2.8B2.6B2.6B2.6B2.6B
Inventory2.2B1.4B1.3B1.8B2.2B2.5B
Other Current Assets247M224M198M187M229M300.6M
Other Stockholder Equity8.6B8.6B8.7B8.8B8.8B5.8B
Total Liab5.3B4.7B4.5B5.0B5.1B5.5B
Total Current Assets6.1B5.2B4.9B5.5B5.8B6.9B
Intangible Assets852M527M503M490M450M427.5M
Property Plant And Equipment Gross3.0B2.5B2.4B2.3B5.7B6.0B
Accumulated Other Comprehensive Income(1.4B)(1.5B)(1.5B)(1.6B)(1.5B)(1.4B)
Short Term Debt114M220M203M187M201M123.0M
Other Liab393M337M292M298M342.7M408.4M
Other Assets67M773M258M349M401.4M267.6M
Long Term Debt2.0B1.8B1.7B1.7B1.7B1.7B
Good Will3.7B1.5B1.5B1.5B1.6B1.5B
Property Plant Equipment2.4B1.9B2.4B2.3B2.6B2.0B
Current Deferred Revenue427M354M392M444M532M681.5M
Net Tangible Assets4.1B3.2B3.0B3.1B2.8B4.3B
Noncontrolling Interest In Consolidated Entity68M69M67M38M34.2M65.9M
Retained Earnings Total Equity690M(1.9B)(2.1B)(2.1B)(1.9B)(1.8B)
Short Term Investments10M4M8M51M58.7M61.6M
Long Term Debt Total2.0B1.8B1.7B1.7B2.0B2.4B

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Additional Tools for NOV Stock Analysis

When running NOV's price analysis, check to measure NOV's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NOV is operating at the current time. Most of NOV's value examination focuses on studying past and present price action to predict the probability of NOV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NOV's price. Additionally, you may evaluate how the addition of NOV to your portfolios can decrease your overall portfolio volatility.