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NOV (FRA:NO8) Deferred Tax : €-424 Mil (TTM As of Mar. 2024)


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What is NOV Deferred Tax?

Change In Deferred Tax represents future tax liability or asset, resulting from temporary differences between book (accounting) value of assets and liabilities, and their tax value. This arises due to differences between financial accounting for shareholders and tax accounting.

NOV's change in deferred tax for the three months ended in Mar. 2024 was €23 Mil. Its change in deferred tax for the trailing twelve months (TTM) ended in Mar. 2024 was €-424 Mil.

NOV Deferred Tax Historical Data

The historical data trend for NOV's Deferred Tax can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

NOV Deferred Tax Chart

NOV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Deferred Tax
Get a 7-Day Free Trial Premium Member Only Premium Member Only -383.40 -53.43 9.74 -1.89 -448.41

NOV Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Deferred Tax Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.87 -0.92 0.94 -446.58 23.00

NOV Deferred Tax Calculation

Change In Deferred Tax represents future tax liability or asset, resulting from temporary differences between book (accounting) value of assets and liabilities, and their tax value. This arises due to differences between financial accounting for shareholders and tax accounting.

Deferred Tax for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-424 Mil.


* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

NOV Deferred Tax Related Terms

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NOV (FRA:NO8) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NOV Inc (FRA:NO8) » Definitions » Deferred Tax
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Traded in Other Exchanges
NOV:USA 0K58:UK NO8:Germany
Address
10353 Richmond Avenue, Houston, TX, USA, 77042-4103
Website
https://www.nov.com
NOV (formerly National Oilwell Varco) is a leading supplier of oil and gas drilling rig equipment and products, such as downhole tools, drill pipe, and well casing. The company operates on a global scale, with international markets contributing more than 60% of its annual revenue.

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