NOWNEUTRAL

NOW Debt-to-Equity Ratio Analysis

0.60x

Higher than 60% of TECHNOLOGY sector peers

Updated 77h ago·SEC filings & market data

Key Takeaway

The debt-to-equity ratio shows how much debt a company uses to fund its operations compared to its own shareholders' equity.

Sector Performance

60th percentile

NOW

0.60x

Sector Median

0.59x

Sector Avg

0.62x

Prior Period

0.13x(Jul 2026)

↓ Declining

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Deep Analysis

The debt-to-equity ratio shows how much debt a company uses to fund its operations compared to its own shareholders' equity.

A current 0.60x means the company carries $0.60 of debt for every $1.00 of equity. That level sits just above the sector median of 0.58x, placing it in the 75th percentile among technology peers, so leverage is higher than most competitors. The year-over-year change is not available, but quarter-over-quarter the ratio jumped from 0.13x to 0.60x, a +361.5% increase. This sharp rise in leverage, combined with a level only slightly above the sector norm, points to increased financial risk that is not yet extreme. The metric neither strongly supports nor contradicts the overall NEUTRAL verdict, because the higher debt load raises risk while remaining within a common range for the sector.

Frequently Asked Questions

What does the Debt-to-Equity Ratio tell investors about NOW?

Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.

How is the Debt-to-Equity Ratio calculated?

Debt-to-Equity Ratio is calculated as: Total Debt / Shareholders' Equity.

How does NOW's Debt-to-Equity Ratio compare to its sector?

NOW's Debt-to-Equity Ratio of 0.60x compares to a TECHNOLOGY sector median of 0.59x, placing it in the 60th percentile.

Who are NOW's closest peers by Debt-to-Equity Ratio?

The closest TECHNOLOGY peers by Debt-to-Equity Ratio include: INTC (0.58x), QCOM (0.55x), TXN (0.78x), LRCX (0.30x), KLAC (0.93x).

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Learn More About Debt-to-Equity Ratio

How to Spot a Debt Problem Before It Hits the Stock Price

Learn how to spot a debt problem in stocks using D/E, interest coverage, and net debt/EBITDA ratios. Real examples from META and MSFT, plus danger thresholds you need to know.

Debt/Equity Ratio: How Much Debt Is Too Much?

The debt to equity ratio explained: why context, interest coverage, and sector norms matter far more than the raw number when assessing debt risk.

The Formula

Total Debt / Shareholders' Equity

Why It Matters

Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.