NOV Inc. (NOV) — Tangible Net Worth Ratio
NOV Inc. (NOV) has a Tangible Net Worth Ratio of 92.9% as of March 2026. This metric is calculated by deducting intangible assets ($442.00 Million) from net assets ($6.27 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See working capital position of NOV Inc. to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
NOV Inc. Tangible Net Worth Ratio (1996–2025)
This chart shows how NOV Inc.'s Tangible Net Worth Ratio has changed across 30 annual periods from 1996 to 2025. As of March 2026, the ratio stands at 92.9%, reflecting net assets of $6.27 Billion with intangible assets of $442.00 Million USD. See operational self-sufficiency of NOV Inc. to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for NOV Inc. (1996–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for NOV Inc. from 1996 to 2025, covering 30 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see market value of NOV Inc..
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 92.8% | $6.32 Billion | $455.00 Million | $11.29 Billion | ▲ +0.7 pp |
| 2024 | 92.1% | $6.43 Billion | $508.00 Million | $11.36 Billion | ▼ -0.7 pp |
| 2023 | 92.8% | $6.24 Billion | $450.00 Million | $11.29 Billion | ▲ +2.3 pp |
| 2022 | 90.5% | $5.13 Billion | $490.00 Million | $10.13 Billion | ▲ +0.4 pp |
| 2021 | 90.1% | $5.06 Billion | $503.00 Million | $9.55 Billion | ▲ +0.1 pp |
| 2020 | 90.0% | $5.28 Billion | $527.00 Million | $9.93 Billion | ▲ +0.9 pp |
| 2019 | 89.1% | $7.85 Billion | $852.00 Million | $13.15 Billion | ▲ +10.9 pp |
| 2018 | 78.3% | $13.89 Billion | $3.02 Billion | $19.80 Billion | ▲ +1.6 pp |
| 2017 | 76.7% | $14.16 Billion | $3.30 Billion | $20.21 Billion | ▲ +1.9 pp |
| 2016 | 74.8% | $14.00 Billion | $3.53 Billion | $21.14 Billion | ▼ -1.8 pp |
| 2015 | 76.6% | $16.46 Billion | $3.85 Billion | $26.73 Billion | ▼ -2.0 pp |
| 2014 | 78.6% | $20.77 Billion | $4.44 Billion | $33.56 Billion | ▲ +1.2 pp |
| 2013 | 77.4% | $22.33 Billion | $5.05 Billion | $34.81 Billion | ▲ +0.7 pp |
| 2012 | 76.7% | $20.36 Billion | $4.74 Billion | $31.48 Billion | ▼ -0.3 pp |
| 2011 | 77.0% | $17.73 Billion | $4.07 Billion | $25.52 Billion | ▲ +2.9 pp |
| 2010 | 74.1% | $15.86 Billion | $4.10 Billion | $23.05 Billion | ▲ +2.6 pp |
| 2009 | 71.5% | $14.23 Billion | $4.05 Billion | $21.53 Billion | ▲ +5.3 pp |
| 2008 | 66.2% | $12.72 Billion | $4.30 Billion | $21.48 Billion | ▼ -22.3 pp |
| 2007 | 88.5% | $6.72 Billion | $774.10 Million | $12.11 Billion | ▲ +2.4 pp |
| 2006 | 86.1% | $5.06 Billion | $705.20 Million | $9.02 Billion | ▲ +50.8 pp |
| 2005 | 35.3% | $4.22 Billion | $2.73 Billion | $6.68 Billion | ▼ -57.8 pp |
| 2004 | 93.1% | $1.31 Billion | $91.00 Million | $2.60 Billion | ▲ +53.3 pp |
| 2003 | 39.7% | $1.11 Billion | $666.62 Million | $2.24 Billion | ▲ +1.4 pp |
| 2002 | 38.3% | $942.97 Million | $581.58 Million | $1.97 Billion | ▼ -21.1 pp |
| 2001 | 59.4% | $867.54 Million | $352.09 Million | $1.47 Billion | ▲ +2.3 pp |
| 2000 | 57.1% | $767.21 Million | $329.34 Million | $1.28 Billion | ▲ +1.2 pp |
| 1999 | 55.8% | $395.10 Million | $174.50 Million | $782.30 Million | ▼ -6.5 pp |
| 1998 | 62.3% | $386.80 Million | $145.70 Million | $818.00 Million | ▼ -29.0 pp |
| 1997 | 91.3% | $277.70 Million | $24.20 Million | $567.50 Million | ▼ -2.9 pp |
| 1996 | 94.2% | $109.10 Million | $6.30 Million | $266.70 Million | — |