NOV Short Term Debt vs Accounts Payable Analysis

NOV Stock

USD 15.54 0.39 2.45%

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 Short Term Debt and its Accounts Payable 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 closely tied with the direction of predictive economic indicators such as signals in persons.

Short Term Debt vs Accounts Payable

Short Term Debt vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NOV Inc Short Term Debt account and Accounts Payable. At this time, the significance of the direction appears to have almost no relationship.

The correlation between NOV's Short Term Debt and Accounts Payable is 0.11. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Accounts Payable 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 Short Term Debt and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of NOV Inc are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Short Term Debt i.e., NOV's Short Term Debt and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.11

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Short Term Debt

Accounts Payable

An accounting item on the balance sheet that represents NOV obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of NOV Inc are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

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 closely tied 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 14.82 in 2025, whereas Discontinued Operations is likely to drop slightly above 41.6 M in 2025.

	2022	2023	2024	2025 (projected)
Total Operating Expenses	1.1B	1.2B	1.1B	1.1B
Cost Of Revenue	5.9B	6.8B	6.9B	6.8B

Total Operating Expenses Cost Of Revenue

NOV fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Property Plant And Equipment Gross	Short Term Debt	Common Stock Total Equity	Common Stock
Total Assets		0.53	0.96	0.94	0.99	0.75	-0.36	0.93	0.65	0.89	0.98	-0.27	0.89	0.94	0.62	0.89	0.99	0.55	0.42	0.97	0.98	0.95	0.07	-0.11	0.45	0.45
Short Long Term Debt Total	0.53		0.45	0.39	0.48	0.83	0.51	0.41	0.01	0.29	0.55	0.16	0.29	0.57	0.63	0.84	0.54	0.18	0.57	0.63	0.49	0.43	0.22	-0.12	0.66	0.66
Other Current Liab	0.96	0.45		0.97	0.93	0.64	-0.44	0.89	0.67	0.91	0.91	-0.22	0.91	0.95	0.55	0.84	0.95	0.63	0.32	0.97	0.98	0.88	0.09	-0.12	0.36	0.36
Total Current Liabilities	0.94	0.39	0.97		0.9	0.64	-0.52	0.83	0.78	0.94	0.86	-0.18	0.94	0.96	0.62	0.78	0.93	0.61	0.41	0.96	0.98	0.83	0.11	-0.02	0.41	0.41
Total Stockholder Equity	0.99	0.48	0.93	0.9		0.72	-0.39	0.95	0.63	0.87	0.99	-0.32	0.87	0.9	0.59	0.85	0.97	0.52	0.4	0.93	0.95	0.97	0.04	-0.11	0.42	0.42
Property Plant And Equipment Net	0.75	0.83	0.64	0.64	0.72		0.1	0.58	0.44	0.6	0.76	0.1	0.6	0.71	0.88	0.84	0.71	0.35	0.82	0.77	0.7	0.65	0.24	0.1	0.86	0.85
Net Debt	-0.36	0.51	-0.44	-0.52	-0.39	0.1		-0.39	-0.7	-0.65	-0.29	0.43	-0.65	-0.31	-0.06	0.05	-0.34	-0.26	0.02	-0.28	-0.44	-0.41	0.29	-0.11	0.13	0.13
Retained Earnings	0.93	0.41	0.89	0.83	0.95	0.58	-0.39		0.47	0.78	0.95	-0.51	0.78	0.83	0.35	0.8	0.92	0.38	0.15	0.86	0.88	0.98	-0.16	-0.19	0.2	0.19
Accounts Payable	0.65	0.01	0.67	0.78	0.63	0.44	-0.7	0.47		0.81	0.55	-0.01	0.81	0.66	0.66	0.37	0.65	0.55	0.54	0.64	0.73	0.53	0.21	0.11	0.48	0.48
Cash	0.89	0.29	0.91	0.94	0.87	0.6	-0.65	0.78	0.81		0.82	-0.23	1.0	0.87	0.63	0.7	0.87	0.57	0.45	0.88	0.94	0.82	0.0	0.01	0.43	0.43
Non Current Assets Total	0.98	0.55	0.91	0.86	0.99	0.76	-0.29	0.95	0.55	0.82		-0.31	0.82	0.88	0.59	0.88	0.96	0.49	0.4	0.92	0.92	0.97	0.05	-0.1	0.44	0.44
Non Currrent Assets Other	-0.27	0.16	-0.22	-0.18	-0.32	0.1	0.43	-0.51	-0.01	-0.23	-0.31		-0.23	-0.15	0.29	-0.11	-0.24	0.39	0.31	-0.15	-0.21	-0.51	0.83	0.08	0.39	0.4
Cash And Short Term Investments	0.89	0.29	0.91	0.94	0.87	0.6	-0.65	0.78	0.81	1.0	0.82	-0.23		0.87	0.63	0.7	0.87	0.57	0.45	0.88	0.94	0.82	0.0	0.01	0.43	0.43
Net Receivables	0.94	0.57	0.95	0.96	0.9	0.71	-0.31	0.83	0.66	0.87	0.88	-0.15	0.87		0.63	0.89	0.95	0.51	0.44	0.98	0.97	0.83	0.11	-0.18	0.43	0.43
Common Stock Shares Outstanding	0.62	0.63	0.55	0.62	0.59	0.88	-0.06	0.35	0.66	0.63	0.59	0.29	0.63	0.63		0.65	0.61	0.47	0.94	0.67	0.64	0.46	0.42	0.22	0.96	0.96
Non Current Liabilities Total	0.89	0.84	0.84	0.78	0.85	0.84	0.05	0.8	0.37	0.7	0.88	-0.11	0.7	0.89	0.65		0.9	0.43	0.47	0.93	0.86	0.81	0.13	-0.2	0.56	0.55
Inventory	0.99	0.54	0.95	0.93	0.97	0.71	-0.34	0.92	0.65	0.87	0.96	-0.24	0.87	0.95	0.61	0.9		0.56	0.4	0.97	0.98	0.93	0.1	-0.15	0.43	0.43
Other Current Assets	0.55	0.18	0.63	0.61	0.52	0.35	-0.26	0.38	0.55	0.57	0.49	0.39	0.57	0.51	0.47	0.43	0.56		0.25	0.56	0.59	0.38	0.68	0.05	0.4	0.41
Other Stockholder Equity	0.42	0.57	0.32	0.41	0.4	0.82	0.02	0.15	0.54	0.45	0.4	0.31	0.45	0.44	0.94	0.47	0.4	0.25		0.47	0.43	0.29	0.35	0.29	0.95	0.95
Total Liab	0.97	0.63	0.97	0.96	0.93	0.77	-0.28	0.86	0.64	0.88	0.92	-0.15	0.88	0.98	0.67	0.93	0.97	0.56	0.47		0.98	0.87	0.13	-0.11	0.5	0.5
Total Current Assets	0.98	0.49	0.98	0.98	0.95	0.7	-0.44	0.88	0.73	0.94	0.92	-0.21	0.94	0.97	0.64	0.86	0.98	0.59	0.43	0.98		0.89	0.09	-0.12	0.45	0.44
Intangible Assets	0.95	0.43	0.88	0.83	0.97	0.65	-0.41	0.98	0.53	0.82	0.97	-0.51	0.82	0.83	0.46	0.81	0.93	0.38	0.29	0.87	0.89		-0.15	-0.09	0.31	0.31
Property Plant And Equipment Gross	0.07	0.22	0.09	0.11	0.04	0.24	0.29	-0.16	0.21	0.0	0.05	0.83	0.0	0.11	0.42	0.13	0.1	0.68	0.35	0.13	0.09	-0.15		0.08	0.47	0.48
Short Term Debt	-0.11	-0.12	-0.12	-0.02	-0.11	0.1	-0.11	-0.19	0.11	0.01	-0.1	0.08	0.01	-0.18	0.22	-0.2	-0.15	0.05	0.29	-0.11	-0.12	-0.09	0.08		0.25	0.25
Common Stock Total Equity	0.45	0.66	0.36	0.41	0.42	0.86	0.13	0.2	0.48	0.43	0.44	0.39	0.43	0.43	0.96	0.56	0.43	0.4	0.95	0.5	0.45	0.31	0.47	0.25		1.0
Common Stock	0.45	0.66	0.36	0.41	0.42	0.85	0.13	0.19	0.48	0.43	0.44	0.4	0.43	0.43	0.96	0.55	0.43	0.41	0.95	0.5	0.44	0.31	0.48	0.25	1.0

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NOV Account Relationship Matchups

NOV fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	9.9B	9.6B	10.1B	11.3B	11.4B	14.6B
Short Long Term Debt Total	2.6B	2.4B	2.4B	2.4B	2.4B	1.7B
Other Current Liab	753M	679M	872M	776M	1.4B	1.4B
Total Current Liabilities	1.9B	1.9B	2.4B	2.4B	2.3B	2.8B
Total Stockholder Equity	5.3B	5.1B	5.1B	6.2B	6.4B	9.1B
Property Plant And Equipment Net	2.5B	2.4B	2.3B	2.4B	2.5B	1.9B
Net Debt	864M	797M	1.3B	1.6B	1.2B	1.2B
Retained Earnings	(1.9B)	(2.1B)	(2.1B)	(1.2B)	(628M)	(596.6M)
Accounts Payable	489M	612M	906M	904M	837M	736.9M
Cash	1.7B	1.6B	1.1B	816M	1.2B	1.5B
Non Current Assets Total	4.7B	4.6B	4.6B	5.5B	5.6B	7.7B
Non Currrent Assets Other	207M	258M	164M	334M	406M	426.3M
Cash And Short Term Investments	1.7B	1.6B	1.1B	816M	1.2B	1.5B
Net Receivables	1.9B	1.8B	2.4B	2.6B	1.8B	2.5B
Common Stock Shares Outstanding	384M	386M	394M	397M	396M	346.2M
Liabilities And Stockholders Equity	9.9B	9.6B	10.1B	11.3B	11.4B	14.6B
Non Current Liabilities Total	2.8B	2.6B	2.6B	2.6B	2.6B	2.6B
Inventory	1.4B	1.3B	1.8B	2.2B	1.9B	2.5B
Other Current Assets	224M	198M	187M	229M	789M	828.5M
Other Stockholder Equity	8.6B	8.7B	8.8B	8.8B	8.6B	5.9B
Total Liab	4.7B	4.5B	5.0B	5.1B	4.9B	5.5B
Total Current Assets	5.2B	4.9B	5.5B	5.8B	5.8B	6.8B
Intangible Assets	527M	503M	490M	450M	508M	482.6M
Property Plant And Equipment Gross	2.5B	2.4B	2.3B	5.7B	6.6B	6.9B
Accumulated Other Comprehensive Income	(1.5B)	(1.5B)	(1.6B)	(1.5B)	(1.6B)	(1.5B)
Short Term Debt	220M	203M	187M	201M	139M	124.2M
Other Liab	393M	337M	292M	298M	342.7M	408.4M
Other Assets	67M	773M	258M	349M	401.4M	267.6M
Long Term Debt	1.8B	1.7B	1.7B	1.7B	2.0B	1.7B
Good Will	1.5B	1.5B	1.5B	1.6B	1.6B	1.5B
Property Plant Equipment	2.4B	1.9B	2.4B	2.3B	2.6B	2.0B
Current Deferred Revenue	354M	392M	444M	532M	478.8M	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)
Long Term Debt Total	2.0B	1.8B	1.7B	1.7B	2.0B	2.4B

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