NOV Capital Stock vs Other Liab Analysis
NOV Stock | USD 18.87 0.08 0.42% |
NOV financial indicator trend analysis is infinitely more than just investigating NOV Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NOV Inc is a good investment. Please check the relationship between NOV Capital Stock and its Other Liab accounts. 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 tightly coupled with the direction of predictive economic indicators such as signals in persons.
Capital Stock vs Other Liab
Capital Stock vs Other Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NOV Inc Capital Stock account and Other Liab. At this time, the significance of the direction appears to have almost no relationship.
The correlation between NOV's Capital Stock and Other Liab is 0.15. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Other Liab in the same time period over historical financial statements of NOV Inc, assuming nothing else is changed. The correlation between historical values of NOV's Capital Stock and Other Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Stock of NOV Inc are associated (or correlated) with its Other Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Liab has no effect on the direction of Capital Stock i.e., NOV's Capital Stock and Other Liab go up and down completely randomly.
Correlation Coefficient | 0.15 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Capital Stock
The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.Other Liab
Most indicators from NOV's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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 tightly coupled with the direction of predictive economic indicators such as signals in persons. At this time, NOV's Tax Provision is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 10.73 in 2024, whereas Discontinued Operations is likely to drop slightly above 41.6 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 908M | 1.1B | 1.2B | 1.1B | Cost Of Revenue | 4.8B | 5.9B | 6.8B | 6.8B |
NOV fundamental ratios Correlations
Click cells to compare fundamentals
NOV Account Relationship Matchups
High Positive Relationship
High Negative Relationship
NOV fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 13.1B | 9.9B | 9.6B | 10.1B | 11.3B | 14.7B | |
Short Long Term Debt Total | 2.8B | 2.6B | 2.4B | 2.4B | 2.4B | 1.7B | |
Other Current Liab | 991M | 914M | 802M | 987M | 892M | 1.4B | |
Total Current Liabilities | 2.2B | 1.9B | 1.9B | 2.4B | 2.4B | 2.9B | |
Total Stockholder Equity | 7.8B | 5.3B | 5.1B | 5.1B | 6.2B | 9.2B | |
Property Plant And Equipment Net | 3.0B | 2.5B | 2.4B | 2.3B | 2.4B | 1.8B | |
Net Debt | 1.6B | 864M | 797M | 1.3B | 1.6B | 1.6B | |
Retained Earnings | 690M | (1.9B) | (2.1B) | (2.1B) | (1.2B) | (1.1B) | |
Accounts Payable | 715M | 489M | 612M | 906M | 904M | 730.4M | |
Cash | 1.2B | 1.7B | 1.6B | 1.1B | 816M | 1.5B | |
Non Current Assets Total | 7.0B | 4.7B | 4.6B | 4.6B | 5.5B | 7.8B | |
Non Currrent Assets Other | 349M | 207M | 258M | 164M | 334M | 350.7M | |
Cash And Short Term Investments | 1.2B | 1.7B | 1.6B | 1.1B | 816M | 1.5B | |
Net Receivables | 2.5B | 1.9B | 1.8B | 2.4B | 2.6B | 2.5B | |
Common Stock Shares Outstanding | 382M | 384M | 386M | 394M | 397M | 343.0M | |
Liabilities And Stockholders Equity | 13.1B | 9.9B | 9.6B | 10.1B | 11.3B | 14.7B | |
Non Current Liabilities Total | 3.1B | 2.8B | 2.6B | 2.6B | 2.6B | 2.6B | |
Inventory | 2.2B | 1.4B | 1.3B | 1.8B | 2.2B | 2.5B | |
Other Current Assets | 247M | 224M | 198M | 187M | 229M | 300.6M | |
Other Stockholder Equity | 8.6B | 8.7B | 8.8B | 8.8B | 8.8B | 5.8B | |
Total Liab | 5.3B | 4.7B | 4.5B | 5.0B | 5.1B | 5.5B | |
Total Current Assets | 6.1B | 5.2B | 4.9B | 5.5B | 5.8B | 6.9B | |
Intangible Assets | 852M | 527M | 503M | 490M | 450M | 427.5M | |
Property Plant And Equipment Gross | 3.0B | 2.5B | 2.4B | 2.3B | 5.7B | 6.0B | |
Accumulated Other Comprehensive Income | (1.4B) | (1.5B) | (1.5B) | (1.6B) | (1.5B) | (1.4B) | |
Short Term Debt | 114M | 110M | 104M | 100M | 107M | 105.1M | |
Other Liab | 393M | 337M | 292M | 298M | 342.7M | 408.4M | |
Other Assets | 67M | 773M | 258M | 349M | 401.4M | 267.6M | |
Long Term Debt | 2.0B | 1.8B | 1.7B | 1.7B | 1.7B | 1.7B | |
Good Will | 3.7B | 1.5B | 1.5B | 1.5B | 1.6B | 1.5B | |
Property Plant Equipment | 2.4B | 1.9B | 2.4B | 2.3B | 2.6B | 2.0B | |
Current Deferred Revenue | 427M | 354M | 392M | 444M | 532M | 681.5M | |
Net Tangible Assets | 4.1B | 3.2B | 3.0B | 3.1B | 2.8B | 4.3B | |
Noncontrolling Interest In Consolidated Entity | 68M | 69M | 67M | 38M | 34.2M | 65.9M | |
Retained Earnings Total Equity | 690M | (1.9B) | (2.1B) | (2.1B) | (1.9B) | (1.8B) | |
Short Term Investments | 10M | 4M | 8M | 51M | 58.7M | 61.6M | |
Long Term Debt Total | 2.0B | 1.8B | 1.7B | 1.7B | 2.0B | 2.4B |
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Try AI Portfolio ArchitectCheck 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 tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
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Is NOV's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NOV. If investors know NOV will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NOV listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.06) | Dividend Share 0.2 | Earnings Share 2.5 | Revenue Per Share 22.302 | Quarterly Revenue Growth 0.098 |
The market value of NOV Inc is measured differently than its book value, which is the value of NOV that is recorded on the company's balance sheet. Investors also form their own opinion of NOV's value that differs from its market value or its book value, called intrinsic value, which is NOV's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NOV's market value can be influenced by many factors that don't directly affect NOV's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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.