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Highest Debt to Asset Ratio in the Oil & Gas Drilling Industry Detected in Shares of Nabors Inds Ltd (NBR, NE, RIG, ESV, UNT)

By Shiri Gupta

Below are the three companies in the Oil & Gas Drilling industry with the highest debt to asset ratios. The Debt/Asset ratio shows the proportion of a company's assets that are financed through debt. If the ratio is greater than one, most of the company's assets are financed through debt.

Nabors Inds Ltd ranks highest with a a debt to asset ratio of 47.94. Noble Corp Plc is next with a a debt to asset ratio of 37.48. Transocean Ltd ranks third highest with a a debt to asset ratio of 33.00.

Ensco Plc-Cl A follows with a a debt to asset ratio of 32.48, and Unit Corp rounds out the top five with a a debt to asset ratio of 32.07.

SmarTrend recommended that its subscribers protect gains by selling shares of Nabors Inds Ltd on May 29th, 2018 by issuing a Downtrend alert when the shares were trading at $7.21. Since that call, shares of Nabors Inds Ltd have fallen 10.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest debt to asset ratio nabors inds ltd noble corp plc transocean ltd ensco plc-cl a unit corp

Ticker(s): NBR NE RIG ESV UNT