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Nabors Industries Ltd. NBR
$ 81.92 2.41%

Annual report 2025
added 02-13-2026

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Nabors Industries Ltd. Balance Sheet 2011-2026 | NBR

Annual Balance Sheet Nabors Industries Ltd.

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Net Debt

1.19 B 2.12 B 1.46 B 2.09 B 2.28 B 2.5 B 2.91 B 3.14 B 3.69 B 3.31 B 3.41 B 3.85 B 3.52 B 3.85 B 4.23 B

Long Term Debt

2.12 B 2.51 B 2.51 B 2.54 B 3.26 B 2.97 B 3.33 B 3.59 B 4.03 B 3.58 B 3.66 B 4.35 B 3.9 B 4.38 B 4.35 B

Long Term Debt Current

9.74 M 6.77 M 5.42 M 6.78 M 5.42 M 8.3 M 13.5 M - - - - - 10.2 M 364 K 275 M

Total Non Current Liabilities

- - - - - - 4.05 B 4.27 B 4.54 B 4.11 B 4.24 B 5.39 B 4.87 B 5.57 B 5.51 B

Total Current Liabilities

993 M 572 M 1.21 B 596 M 525 M 515 M 657 M 832 M 919 M 822 M 1.01 B 1.57 B 1.31 B 1.13 B 1.8 B

Total Liabilities

3.35 B 3.3 B 4 B 3.51 B 4.13 B 4.25 B 4.71 B 5.1 B 5.46 B 4.93 B 5.24 B 6.96 B 6.18 B 6.7 B 7.31 B

Deferred Revenue

53.5 M 30.9 M 29.2 M 37.8 M 59.8 M 61.5 M 89.1 M 149 M 218 M 256 M 340 M 298 M 203 M 148 M 173 M

Retained Earnings

-1.84 B -2.09 B -1.89 B -1.84 B -1.54 B -946 M -105 M 651 M 1.42 B 2.03 B 3.13 B 3.57 B 4.21 B 4.12 B 3.96 B

Total Assets

4.79 B 4.5 B 5.28 B 4.73 B 5.53 B 5.5 B 6.76 B 7.85 B 8.4 B 8.19 B 9.54 B 11.9 B 12.2 B 12.7 B 12.9 B

Cash and Cash Equivalents

941 M 390 M 1.06 B 451 M 991 M 472 M 436 M 448 M - 264 M 255 M 501 M 390 M 525 M 399 M

Book Value

1.44 B 1.21 B 1.28 B 1.22 B 1.39 B 1.26 B 2.05 B 2.75 B 2.94 B 3.25 B 4.29 B 4.92 B 5.98 B 5.96 B 5.6 B

Total Shareholders Equity

591 M 135 M 542 M 537 M 719 M 1.26 B 1.98 B 2.7 B 2.91 B 3.25 B 4.28 B 4.91 B 5.97 B 5.94 B 5.59 B

All numbers in USD currency

Quarterly Balance Sheet Nabors Industries Ltd.

2025-Q3 2025-Q2 2025-Q1 2024-Q3 2024-Q2 2024-Q1 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Long Term Debt

2.35 B 2.67 B 2.69 B 2.5 B 2.51 B 2.51 B 2.5 B 2.5 B 2.56 B 2.54 B 2.59 B - 2.61 B 3.26 B 3.08 B 2.82 B 2.9 B 2.97 B 2.97 B 2.97 B 2.97 B 3.33 B 3.33 B 3.33 B 3.33 B 3.59 B 3.59 B 3.59 B 3.59 B 4.03 B 4.03 B 4.03 B 4.03 B 3.58 B 3.58 B 3.58 B 3.58 B 3.66 B 3.66 B 3.66 B 3.66 B 4.33 B 4.35 B 4.35 B 4.35 B 3.9 B 3.9 B 3.9 B 3.9 B 4.38 B 4.38 B 4.38 B 4.38 B 4.35 B 4.35 B 4.35 B 4.35 B

Total Liabilities

3.27 B 3.59 B 3.6 B 3.32 B 3.35 B 3.37 B 3.34 B 3.36 B 3.43 B 3.51 B 3.49 B - 3.5 B 4.13 B 3.94 B 3.71 B 3.73 B 3.8 B 3.8 B 3.8 B 3.8 B 4.29 B 4.29 B 4.29 B 4.29 B 4.7 B 4.7 B 4.7 B 4.7 B 5.26 B 5.26 B 5.26 B 5.26 B 4.93 B 4.93 B 4.93 B 4.93 B 5.24 B 5.24 B 5.24 B 5.24 B 6.94 B 6.96 B 6.96 B 6.96 B 6.11 B 6.11 B 6.11 B 6.11 B 6.63 B 6.63 B 6.63 B 6.63 B 7.24 B 7.24 B 7.24 B 7.24 B

Deferred Revenue

67.4 M 59.9 M 34.6 M 32.6 M 28.3 M 28.9 M 31.5 M 32.8 M 29 M 37.8 M 25.4 M - 34.4 M 42.9 M 45.5 M 46.9 M 59.9 M 42.8 M 42.8 M 42.8 M 42.8 M 66.8 M 66.8 M 66.8 M 66.8 M 117 M 117 M 117 M 117 M 218 M 242 M 278 M 260 M 256 M 256 M 256 M 256 M 340 M 340 M 340 M 340 M 298 M 298 M 298 M 298 M 203 M 203 M 203 M 203 M 148 M 148 M 148 M 148 M 173 M 173 M 173 M 173 M

Retained Earnings

-1.84 B -2.11 B -2.07 B -2.03 B -1.97 B -1.93 B -1.86 B -1.81 B -1.8 B -1.84 B -1.77 B - -1.73 B -1.54 B -1.42 B -1.29 B -1.09 B -946 M -946 M -946 M -946 M -105 M -105 M -105 M -105 M 651 M 651 M 651 M 651 M 1.42 B 1.42 B 1.42 B 1.42 B 2.03 B 2.03 B 2.03 B 2.03 B 3.13 B 3.13 B 3.13 B 3.13 B 3.57 B 3.57 B 3.57 B 3.57 B 4.3 B 4.3 B 4.3 B 4.3 B 4.12 B 4.12 B 4.12 B 4.12 B 3.96 B 3.96 B 3.96 B 3.96 B

Total Assets

4.83 B 5.04 B 5.05 B 4.55 B 4.62 B 4.64 B 4.73 B 4.46 B 5.28 B 4.73 B 4.77 B - 4.86 B 5.53 B 5.17 B 5.04 B 5.25 B 5.5 B 5.5 B 5.5 B 5.5 B 6.76 B 6.76 B 6.76 B 6.76 B 7.85 B 7.85 B 7.85 B 7.85 B 8.4 B 8.4 B 8.4 B 8.4 B 8.19 B 8.19 B 8.19 B 8.19 B 9.54 B 9.54 B 9.54 B 9.54 B 11.9 B 11.9 B 11.9 B 11.9 B 12.2 B 12.2 B 12.2 B 12.2 B 12.7 B 12.7 B 12.7 B 12.7 B 12.9 B 12.9 B 12.9 B 12.9 B

Cash and Cash Equivalents

428 M 387 M 396 M 452 M 466 M 413 M 387 M 413 M 469 M 451 M 420 M 413 M 394 M 991 M 772 M 400 M 418 M 472 M 472 M 472 M 472 M 436 M 436 M 436 M 436 M 448 M - - 367 M 337 M 191 M 197 M 337 M 264 M 177 M 264 M 264 M 255 M 255 M 255 M 255 M 501 M 501 M 501 M 501 M 390 M 390 M 390 M 390 M 525 M 525 M 525 M 525 M 399 M 399 M 399 M 399 M

Book Value

1.57 B 1.45 B 1.45 B 1.23 B 1.26 B 1.27 B 1.38 B 1.11 B 1.85 B 1.22 B 1.28 B - 1.36 B 1.39 B 1.23 B 1.34 B 1.52 B 1.7 B 1.7 B 1.7 B 1.7 B 2.48 B 2.48 B 2.48 B 2.48 B 3.16 B 3.16 B 3.16 B 3.16 B 3.14 B 3.14 B 3.14 B 3.14 B 3.25 B 3.25 B 3.25 B 3.25 B 4.29 B 4.29 B 4.29 B 4.29 B 4.92 B 4.92 B 4.92 B 4.92 B 6.05 B 6.05 B 6.05 B 6.05 B 6.03 B 6.03 B 6.03 B 6.03 B 5.67 B 5.67 B 5.67 B 5.67 B

Total Shareholders Equity

580 M 308 M 343 M 461 M 502 M 523 M 548 M 592 M 582 M 369 M 596 M 601 M 660 M 591 M 834 M 819 M 1.01 B 1.15 B 1.15 B 1.15 B 1.15 B 1.98 B 1.98 B 1.98 B 1.98 B 2.7 B 2.7 B 2.7 B 2.7 B 2.91 B 2.91 B 2.91 B 2.91 B 3.25 B 3.25 B 3.25 B 3.25 B 4.28 B 4.28 B 4.28 B 4.28 B 4.91 B 4.91 B 4.91 B 4.91 B 5.97 B 5.97 B 5.97 B 5.97 B 5.94 B 5.94 B 5.94 B 5.94 B 5.59 B 5.59 B 5.59 B 5.59 B

All numbers in USD currency

Balance Sheet is a fundamental financial report of Nabors Industries Ltd., providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.

For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.

Features of balance sheet analysis
  • Vertical and horizontal analysis
    Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods.
  • Asset quality
    It is important to evaluate not only the amount of assets but also their liquidity and realizability.
  • Accounting for off-balance sheet liabilities
    Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.

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