Nabors Industries Ltd. (NBR) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 1.15B | 1.55B | 1.42B | 1.2B | 1.2B | 999.54M | 1.07B | 1.08B | 1.07B | 1.65B | 960.55M | 978.13M | 1.01B | 1B | 965.91M | 923.38M | 944.07M | 1.52B | 1.32B | 1.09B |
| Cash & Short-Term Investments | 500.85M | 940.74M | 428.08M | 387.36M | 404.11M | 397.3M | 459.3M | 473.61M | 425.56M | 1.07B | 406.64M | 429.06M | 475.73M | 452.31M | 425.07M | 417.98M | 394.04M | 991.49M | 771.88M | 399.9M |
| Cash Only | 500.81M | 940.74M | 428.05M | 387.32M | 396.47M | 389.65M | 451.65M | 465.95M | 412.86M | 1.06B | 387.48M | 413.38M | 469.44M | 451.02M | 420.31M | 412.98M | 394.03M | 991.47M | 771.88M | 399.88M |
| Short-Term Investments | 46K | 31K | 28K | 34K | 7.64M | 7.65M | 7.65M | 7.66M | 12.7M | 12.69M | 19.16M | 15.68M | 6.29M | 1.29M | 4.76M | 5M | 11K | 17K | 6K | 16K |
| Accounts Receivable | 417.72M | 391.7M | 737.1M | 537.07M | 549.63M | 387.97M | 384.72M | 368.55M | 416.87M | 347.84M | 324.97M | 297.39M | 307M | 327.4M | 302.96M | 278.11M | 297.21M | 287.57M | 282.73M | 312.14M |
| Days Sales Outstanding | 46.49 | 65.11 | 71.64 | 59.37 | 57.31 | 48.7 | 47.35 | 48.63 | 47.42 | 42.64 | 39 | 35.85 | 36.64 | 38.15 | 38.51 | 41.49 | 46.29 | 48.26 | 52.2 | 59.84 |
| Inventory | 90.16M | 94.79M | 108.3M | 107.48M | 117.05M | 129.98M | 141.86M | 147.75M | 149.79M | 147.8M | 146.25M | 152.24M | 144.22M | 127.95M | 129.12M | 120.61M | 132.13M | 126.45M | 136.99M | 147.36M |
| Days Inventory Outstanding | 12.81 | 14.47 | 15.22 | 20.9 | 18.47 | 28.85 | 30.86 | 30.75 | 30.98 | 31.84 | 30.67 | 29.61 | 26.49 | 25.86 | 26.57 | 28.48 | 31.22 | 34.86 | 38.87 | 43.92 |
| Other Current Assets | 143.87M | 124.34M | 150.95M | 164.99M | 128.03M | 84.29M | 86.44M | 87.88M | 82.14M | 79.86M | 82.69M | 99.45M | 86.28M | 92.96M | 108.76M | 106.68M | 120.69M | 112.3M | 131.03M | 227.74M |
| Total Non-Current Assets | 3.23B | 3.24B | 3.41B | 3.84B | 3.85B | 3.5B | 3.48B | 3.54B | 3.57B | 3.63B | 3.77B | 3.49B | 3.69B | 3.73B | 3.8B | 3.88B | 3.91B | 4.01B | 3.85B | 3.96B |
| Property, Plant & Equipment | 2.91B | 2.92B | 2.93B | 3.06B | 3.07B | 2.83B | 2.77B | 2.81B | 2.84B | 2.93B | 2.95B | 2.96B | 2.98B | 3.06B | 3.1B | 3.19B | 3.25B | 3.33B | 3.44B | 3.56B |
| Fixed Asset Turnover | 0.27x | 0.27x | 0.27x | 0.27x | 0.25x | 0.26x | 0.26x | 0.26x | 0.25x | 0.25x | 0.25x | 0.26x | 0.26x | 0.25x | 0.22x | 0.20x | 0.17x | 0.16x | 0.15x | 0.13x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 319.73M | 315.49M | 0 | 0 | 0 | 284.84M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 133.51M | 128.84M | 297.7M | 506.1M | 498.61M | 457.51M | 487.24M | 497.73M | 177.34M | 148.55M | 580.97M | 277.24M | 458.14M | 126.47M | 442.99M | 430.31M | 410.98M | 416.43M | 151.78M | 141.72M |
| Total Assets | 4.39B | 4.79B | 4.83B | 5.04B | 5.05B | 4.5B | 4.55B | 4.62B | 4.64B | 5.28B | 4.73B | 4.46B | 4.7B | 4.73B | 4.77B | 4.8B | 4.86B | 5.53B | 5.17B | 5.04B |
| Asset Turnover | 0.17x | 0.17x | 0.17x | 0.17x | 0.15x | 0.16x | 0.16x | 0.16x | 0.15x | 0.15x | 0.16x | 0.17x | 0.17x | 0.16x | 0.15x | 0.13x | 0.11x | 0.10x | 0.10x | 0.10x |
| Asset Growth % | -13.15% | 6.34% | 6.15% | 9.16% | 8.71% | -14.66% | -3.66% | 3.42% | -1.17% | 11.59% | -0.87% | -7.03% | -3.24% | -14.4% | -7.85% | -4.79% | -7.57% | 0.4% | -11.04% | -15.71% |
| Total Current Liabilities | 585.22M | 993M | 680.21M | 669.45M | 667.64M | 571.92M | 571.58M | 590.92M | 602.42M | 1.21B | 528.7M | 544.26M | 540.48M | 596.39M | 559.17M | 524.06M | 513.45M | 525.23M | 516.09M | 529.12M |
| Accounts Payable | 322.84M | 300.47M | 352.42M | 364.85M | 375.44M | 321.03M | 316.69M | 331.47M | 319.44M | 294.44M | 287.23M | 301.75M | 306.54M | 314.04M | 290.17M | 271.12M | 278.88M | 253.75M | 251.74M | 232.54M |
| Days Payables Outstanding | 43.17 | 46.52 | 50.59 | 68.9 | 52.07 | 67.69 | 69.06 | 67.28 | 63.91 | 62.99 | 60.51 | 60.76 | 60.4 | 60.79 | 59.72 | 61.97 | 64.31 | 66.88 | 66.19 | 68.07 |
| Short-Term Debt | 0 | 377.49M | 11.43M | 0 | 13M | 6.77M | 5.86M | 5.75M | 5.25M | 629.62M | 0 | 0 | 0 | 6.78M | 0 | 0 | 5.33M | 5.42M | 5.94M | 6.61M |
| Deferred Revenue (Current) | 51.01M | 53.53M | 67.41M | 59.92M | 34.62M | 30.9M | 32.63M | 28.34M | 28.88M | 29.23M | 31.51M | 32.8M | 28.98M | 37.81M | 39.98M | 27.52M | 44.97M | 59.82M | 63.82M | 69.65M |
| Other Current Liabilities | 81.67M | 93.36M | 95.24M | 88.88M | 104.19M | -29.72M | 86.3M | 115.58M | 120.34M | 135.65M | 94.53M | 82.86M | 76.73M | 131.47M | 99.13M | 90.24M | 100.84M | 123.35M | 115.1M | 116.1M |
| Current Ratio | 1.97x | 1.56x | 2.09x | 1.79x | 1.80x | 1.75x | 1.88x | 1.82x | 1.78x | 1.36x | 1.82x | 1.80x | 1.87x | 1.68x | 1.73x | 1.76x | 1.84x | 2.89x | 2.56x | 2.05x |
| Quick Ratio | 1.82x | 1.47x | 1.93x | 1.63x | 1.62x | 1.52x | 1.63x | 1.57x | 1.53x | 1.23x | 1.54x | 1.52x | 1.61x | 1.46x | 1.50x | 1.53x | 1.58x | 2.65x | 2.30x | 1.78x |
| Cash Conversion Cycle | 16.12 | 33.06 | 36.26 | 11.37 | 23.71 | 9.87 | 9.14 | 12.11 | 14.5 | 11.49 | 9.16 | 4.7 | 2.73 | 3.22 | 5.36 | 7.99 | 13.2 | 16.24 | 24.88 | 35.69 |
| Total Non-Current Liabilities | 2.36B | 2.36B | 2.59B | 2.92B | 2.94B | 2.73B | 2.75B | 2.76B | 2.77B | 2.78B | 2.82B | 2.81B | 2.89B | 2.92B | 2.93B | 3B | 2.99B | 3.61B | 3.42B | 3.18B |
| Long-Term Debt | 2.12B | 2.15B | 2.35B | 2.67B | 2.69B | 2.51B | 2.5B | 2.51B | 2.51B | 2.51B | 2.5B | 2.5B | 2.56B | 2.54B | 2.59B | 2.6B | 2.61B | 3.26B | 3.08B | 2.82B |
| Capital Lease Obligations | 0 | 30.47M | 0 | 0 | 0 | 22.14M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.86M | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 5.27M | 7.13M | 3.68M | 5.26M | 4.29M | 2.49M | 1.91M | 1.56M | 1.43M | 1.37M | 1.81M | 1.77M | 2.58M | 2.86M | 2.28M | 2.4M | 2.48M | 2.77M | 2.21M | 2.29M |
| Other Non-Current Liabilities | 234.89M | 173.75M | 233.46M | 244.47M | 247.2M | 196.2M | 242.77M | 246.03M | 255.53M | 270.01M | 312.63M | 308.49M | 321.11M | 374.81M | 342.42M | 391.81M | 372.59M | 340.35M | 346.33M | 352.35M |
| Total Liabilities | 2.94B | 3.35B | 3.27B | 3.59B | 3.6B | 3.3B | 3.32B | 3.35B | 3.37B | 4B | 3.34B | 3.36B | 3.43B | 3.51B | 3.49B | 3.52B | 3.5B | 4.13B | 3.94B | 3.71B |
| Total Debt | 2.13B | 2.57B | 2.36B | 2.69B | 2.7B | 2.53B | 2.51B | 2.52B | 2.52B | 3.15B | 2.51B | 2.51B | 2.57B | 2.54B | 2.59B | 2.61B | 2.62B | 3.26B | 3.08B | 2.82B |
| Net Debt | 1.63B | 1.62B | 1.93B | 2.3B | 2.3B | 2.14B | 2.06B | 2.05B | 2.1B | 2.09B | 2.12B | 2.1B | 2.1B | 2.09B | 2.17B | 2.19B | 2.22B | 2.27B | 2.3B | 2.42B |
| Debt / Equity | 1.48x | 1.78x | 1.50x | 1.86x | 1.87x | 2.10x | 2.03x | 2.00x | 1.98x | 2.46x | 1.81x | 2.27x | 2.02x | 2.09x | 2.03x | 2.03x | 1.93x | 2.34x | 2.49x | 2.11x |
| Debt / EBITDA | 10.39x | 11.58x | 9.98x | 6.34x | 13.08x | 6.72x | 6.59x | 6.66x | 6.65x | 8.04x | 6.75x | 6.36x | 6.37x | 6.36x | 7.19x | 8.14x | 8.87x | 10.92x | 10.30x | 9.67x |
| Net Debt / EBITDA | 7.95x | 7.33x | 8.17x | 5.43x | 11.15x | 5.69x | 5.40x | 5.43x | 5.56x | 5.34x | 5.71x | 5.31x | 5.21x | 5.23x | 6.02x | 6.85x | 7.52x | 7.60x | 7.71x | 8.30x |
| Interest Coverage | 1.48x | 1.48x | 8.73x | 1.31x | 2.33x | 1.20x | 1.13x | 1.12x | 1.26x | 1.38x | 1.11x | 1.63x | 1.71x | 1.38x | 0.48x | -0.09x | -0.72x | -0.82x | -1.14x | - |
| Total Equity | 1.44B | 1.44B | 1.57B | 1.45B | 1.45B | 1.21B | 1.23B | 1.26B | 1.27B | 1.28B | 1.38B | 1.11B | 1.27B | 1.22B | 1.28B | 1.28B | 1.36B | 1.39B | 1.23B | 1.34B |
| Equity Growth % | -0.27% | 19.17% | 27.07% | 14.54% | 13.5% | -5.83% | -10.72% | 14.25% | -0% | 5.4% | 8.07% | -13.71% | -6.26% | -12.83% | 3.6% | -4.06% | -10.86% | -17.97% | -31.34% | -31.22% |
| Book Value per Share | 101.42 | 101.17 | 102.35 | 117.89 | 123.84 | 130.94 | 133.95 | 137.18 | 138.78 | 140.27 | 151.11 | 120.23 | 129.06 | 133.55 | 140.58 | 141.09 | 163.47 | 175.37 | 156.15 | 179.01 |
| Total Shareholders' Equity | 568.94M | 590.73M | 579.78M | 307.98M | 342.66M | 135M | 191.36M | 250.37M | 286.34M | 326.61M | 348.23M | 402.65M | 402.71M | 368.96M | 439.24M | 453.2M | 543.62M | 590.66M | 709.02M | 818.92M |
| Common Stock | 798K | 785K | 787K | 787K | 785K | 533K | 535K | 535K | 535K | 527K | 527K | 531K | 531K | 525K | 525K | 525K | 523K | 466K | 466K | 459K |
| Retained Earnings | -1.86B | -1.84B | -1.84B | -2.11B | -2.07B | -2.09B | -2.03B | -1.97B | -1.93B | -1.89B | -1.86B | -1.81B | -1.8B | -1.84B | -1.77B | -1.75B | -1.73B | -1.54B | -1.42B | -1.29B |
| Treasury Stock | -1.32B | -1.32B | -1.32B | -1.32B | -1.32B | -1.32B | -1.32B | -1.32B | -1.32B | -1.32B | -1.32B | -1.32B | -1.32B | -1.32B | -1.32B | -1.32B | -1.32B | -1.32B | -1.32B | -1.32B |
| Accumulated OCI | -11.09M | -10.4M | -10.96M | -10.67M | -10.53M | -10.41M | -10.84M | -10.93M | -10.93M | -10.83M | -10.42M | -10.29M | -10.94M | -11.04M | -11.57M | -9.96M | -9.3M | -10.63M | -10.87M | -8.62M |
| Minority Interest | 872.59M | 846.92M | 988.39M | 1.14B | 1.1B | 1.07B | 1.04B | 1.01B | 987.09M | 954.47M | 1.03B | 702.84M | 870.77M | 846.44M | 839.93M | 828M | 814.94M | 803.57M | 525.65M | 516.52M |