Nabors Industries annual debt-to-equity ratio
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2025
Nabors Industries Debt-to-Equity Ratio Growth & History (NBR)
Nabors Industries's debt-to-equity ratio was 4.29 for fiscal 2025.
View full Nabors Industries company overviewNabors Industries annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 4.29 | −14.48 | −77.14% |
| 2024 | 2024-12-31 | 18.77 | 9.06 | +93.27% |
| 2023 | 2023-12-31 | 9.71 | 2.74 | +39.32% |
| 2022 | 2022-12-31 | 6.97 | 1.41 | +25.27% |
| 2021 | 2021-12-31 | 5.56 | 2.96 | +113.46% |
| 2020 | 2020-12-31 | 2.61 | 0.90 | +52.93% |
| 2019 · Dec 31 | 2019-12-31 | 1.70 | 0.38 | +28.38% |
| 2018 | 2018-12-31 | 1.33 | −0.06 | −4.01% |
| 2017 | 2018-01-03 | 1.38 | 0.28 | +25.51% |
| 2016 | 2016-12-31 | 1.10 | 0.25 | +28.90% |
| 2015 | 2015-12-31 | 0.85 | −0.03 | −3.25% |
| 2014 | 2014-12-31 | 0.88 | 0.23 | +34.77% |
| 2013 | 2013-12-31 | 0.66 | −0.08 | −10.99% |
| 2012 | 2012-12-31 | 0.74 | −0.09 | −10.97% |
| 2011 | 2011-12-31 | 0.83 | −0.01 | −0.77% |
| 2010 | 2010-12-31 | 0.83 | 0.07 | +9.35% |
| 2009 | 2009-12-31 | 0.76 | −0.02 | −1.96% |
| 2008 | 2008-12-31 | 0.78 | — | — |
Nabors Industries quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 3.91 | −4.81 | −55.16% |
| Q1 2026 | 2026-03-31 | 3.74 | −4.13 | −52.50% |
| Q4 2025 | 2025-12-31 | 4.29 | −14.48 | −77.14% |
| Q3 2025 | 2025-09-30 | 4.07 | −9.04 | −68.96% |
| Q2 2025 | 2025-06-30 | 8.72 | −1.34 | −13.33% |
| Q1 2025 | 2025-03-31 | 7.87 | −0.92 | −10.44% |
| Q4 2024 | 2024-12-31 | 18.77 | 9.06 | +93.27% |
| Q3 2024 | 2024-09-30 | 13.11 | 5.91 | +82.14% |
| Q2 2024 | 2024-06-30 | 10.06 | 3.83 | +61.55% |
| Q1 2024 | 2024-03-31 | 8.79 | 2.41 | +37.85% |
| Q4 2023 | 2023-12-31 | 9.71 | 2.74 | +39.32% |
| Q3 2023 | 2023-09-30 | 7.20 | 1.29 | +21.93% |
| Q2 2023 | 2023-06-30 | 6.23 | 0.48 | +8.31% |
| Q1 2023 | 2023-03-31 | 6.38 | 1.57 | +32.56% |
| Q4 2022 | 2022-12-31 | 6.97 | 1.41 | +25.27% |
| Q3 2022 | 2022-09-30 | 5.90 | 1.56 | +35.85% |
| Q2 2022 | 2022-06-30 | 5.75 | 2.30 | +66.46% |
| Q1 2022 | 2022-03-31 | 4.81 | 1.94 | +67.83% |
| Q4 2021 | 2021-12-31 | 5.56 | 2.96 | +113.46% |
| Q3 2021 | 2021-09-30 | 4.35 | 1.72 | +65.38% |
| Q2 2021 | 2021-06-30 | 3.46 | 1.13 | +48.58% |
| Q1 2021 | 2021-03-31 | 2.87 | 0.68 | +31.19% |
| Q4 2020 | 2020-12-31 | 2.61 | 0.90 | +52.93% |
| Q3 2020 | 2020-09-30 | 2.63 | — | — |
| Q2 2020 | 2020-06-30 | 2.33 | — | — |
| Q1 2020 | 2020-03-31 | 2.19 | — | — |
| Q4 2019 | 2019-12-31 | 1.70 | 0.38 | +28.38% |
| Q4 2018 | 2018-12-31 | 1.33 | −0.06 | −4.01% |
| Q4 2017 | 2018-01-03 | 1.38 | 0.28 | +25.51% |
| Q2 2017 | 2017-06-30 | 1.23 | 0.28 | +30.11% |
| Q1 2017 | 2017-03-31 | 1.15 | 0.23 | +25.31% |
| Q4 2016 | 2016-12-31 | 1.10 | 0.25 | +28.90% |
| Q3 2016 | 2016-09-30 | 0.97 | 0.14 | +16.29% |
| Q2 2016 | 2016-06-30 | 0.94 | 0.18 | +23.74% |
| Q1 2016 | 2016-03-31 | 0.92 | 0.15 | +19.20% |
| Q4 2015 | 2015-12-31 | 0.85 | −0.03 | −3.25% |
| Q3 2015 | 2015-09-30 | 0.83 | 0.11 | +14.66% |
| Q2 2015 | 2015-06-30 | 0.76 | 0.11 | +16.92% |
| Q1 2015 | 2015-03-31 | 0.77 | 0.13 | +20.44% |
| Q4 2014 | 2014-12-31 | 0.88 | 0.23 | +34.77% |
| Q3 2014 | 2014-09-30 | 0.73 | 0.03 | +4.48% |
| Q2 2014 | 2014-06-30 | 0.65 | −0.04 | −5.47% |
| Q1 2014 | 2014-03-31 | 0.64 | −0.09 | −12.64% |
| Q4 2013 | 2013-12-31 | 0.66 | −0.08 | −10.99% |
| Q3 2013 | 2013-09-30 | 0.69 | −0.11 | −13.24% |
| Q2 2013 | 2013-06-30 | 0.69 | −0.13 | −15.66% |
| Q1 2013 | 2013-03-31 | 0.73 | −0.09 | −10.74% |
| Q4 2012 | 2012-12-31 | 0.74 | −0.09 | −10.97% |
| Q3 2012 | 2012-09-30 | 0.80 | 0.03 | +3.35% |
| Q2 2012 | 2012-06-30 | 0.82 | 0.06 | +8.37% |
| Q1 2012 | 2012-03-31 | 0.82 | 0.01 | +0.67% |
| Q4 2011 | 2011-12-31 | 0.83 | −0.01 | −0.77% |
| Q3 2011 | 2011-09-30 | 0.77 | −0.09 | −10.53% |
| Q2 2011 | 2011-06-30 | 0.75 | 0.04 | +6.03% |
| Q1 2011 | 2011-03-31 | 0.82 | — | — |
| Q4 2010 | 2010-12-31 | 0.83 | 0.07 | +9.35% |
| Q3 2010 | 2010-09-30 | 0.87 | 0.08 | +9.60% |
| Q2 2010 | 2010-06-30 | 0.71 | −0.13 | −15.15% |
| Q4 2009 | 2009-12-31 | 0.76 | −0.02 | −2.24% |
| Q3 2009 | 2009-09-30 | 0.79 | — | — |
| Q2 2009 | 2009-06-30 | 0.84 | — | — |
| Q4 2008 | 2008-12-31 | 0.78 | — | — |
Nabors Industries debt-to-equity ratio trends
Over the last five fiscal years, Nabors Industries's debt-to-equity ratio increased from 2.61 to 4.29, a change of 1.68. The latest reported quarter, Q2 2026, shows 3.91.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Nabors Industries source filings ↗