CSIMarket
 


Nabors Industries ltd  (NBR)
Other Ticker:  
 

Nabors Industries Ltd's Quick Ratio

NBR's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


Nabors Industries Ltd's Cash & cash equivalent grew by 163.17 % in the IV Quarter 2023 sequentially, faster than Current Liabilities, this led to improvement in Nabors Industries Ltd's Quick Ratio to 0.88, above Nabors Industries ltd average Quick Ratio.

Within Oil Well Services & Equipment industry Nabors Industries ltd booked the highest Quick Ratio than Nabors Industries Ltd in the forth quarter 2023. While Quick Ratio total ranking in the forth quarter 2023 has deteriorated compared to the prior quarter from 153 to 1001.

Explain Quick Ratio?
How much Cash & cash equivalents NBRīs has?
What are NBRīs Current Liabilities?


NBR Quick Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities Change 103.55 % -5.45 % 3.86 % 6.37 % 14.73 %
Y / Y Cash & cash equivalent Change 136.6 % -4.34 % 2.65 % 20.73 % -54.38 %
Quick Ratio MRQ 0.88 0.77 0.79 0.88 0.76
NBR's Total Ranking # 1001 # 153 # 665 # 1770 # 457
Seq. Current Liabilities Change 129.61 % -2.86 % 0.7 % -9.38 % 6.66 %
Seq. Cash & cash equivalent Change 163.17 % -5.22 % -9.81 % 5.18 % 6.41 %



Quick Ratio forth quarter 2023 Company Ranking
Within: No.
Oil Well Services & Equipment Industry # 1
Energy Sector # 19
Overall Market # 1001


Quick Ratio Statistics
High Average Low
2.54 0.73 0.03
(Sep. 30, 2004)   (Dec 31 2019)




Financial Statements
Nabors Industries Ltd's Current Liabilities $ 1,214 Millions Visit NBR's Balance sheet
Nabors Industries Ltd's Cash & cash equivalent $ 1,070 Millions Visit NBR's Balance sheet
Source of NBR's Sales Visit NBR's Sales by Geography


Cumulative Nabors Industries Ltd's Quick Ratio

NBR's Quick Ratio for the trailling 12 Months

NBR Quick Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities TTM Growth 103.55 % -5.45 % 3.86 % 6.37 % 14.73 %
Y / Y Cash & cash equivalent TTM Growth 136.6 % -4.34 % 2.65 % 20.73 % -54.38 %
Quick Ratio TTM 0.84 0.8 0.8 0.8 0.77
Total Ranking TTM # 486 # 3735 # 3941 # 1597 # 372
Seq. Current Liabilities TTM Growth 129.61 % -2.86 % 0.7 % -9.38 % 6.66 %
Seq. Cash & cash equivalent TTM Growth 163.17 % -5.22 % -9.81 % 5.18 % 6.41 %


On the trailing twelve months basis NBR Cash & cash equivalent more than doubled by 136.6 % in IV Quarter 2023 year on year, faster than Current Liabilities, this led to increase in in Nabors Industries Ltd's Quick Ratio to 0.84, above NBR average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Oil Well Services & Equipment industry just one company has achieved higher Quick Ratio during the twelve months ending in the Dec 31 2023. While Quick Ratio overall ranking has improved so far to 486, from total ranking during the twelve months ending third quarter 2023 at 3735.

Explain Quick Ratio?
How much Cash & cash equivalents NBRīs has?
What are NBRīs Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Oil Well Services & Equipment Industry # 2
Energy Sector # 11
Within the Market # 486


trailing twelve months Quick Ratio Statistics
High Average Low
1.65 0.64 0.04
(March 31, 2010)   (Dec 31 2019)




Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Oil Well Services & Equipment Industry Quick RatioDec 31 2023 MRQ Cash & cash equivalentDec 31 2023 MRQ Current Liabilities
Seadrill Limited  1.87 $ 728.000  Millions$ 389.000  Millions
Nabors Industries ltd  0.88 $ 1,070.178  Millions$ 1,213.981  Millions
Valaris Limited  0.83 $ 620.500  Millions$ 744.300  Millions
Transocean ltd  0.71 $ 995.000  Millions$ 1,397.000  Millions
Highpeak Energy Inc   0.68 $ 194.515  Millions$ 287.393  Millions
Helmerich and Payne inc   0.64 $ 298.225  Millions$ 468.986  Millions
Noble Corporation Plc  0.56 $ 360.794  Millions$ 641.680  Millions
Borr Drilling Limited  0.28 $ 102.500  Millions$ 360.400  Millions
Team Inc   0.20 $ 35.427  Millions$ 174.938  Millions

Date modified: 2024-02-12T21:34:41+00:00



Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright Đ 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com