Natural Gas Services (NGS) Debt Ratio (2009 - 2026)
Natural Gas Services' (NGS) Debt Ratio was 0.46 for Q3 2026, up 25.4% from 0.37 a year earlier and up 1.6% from the prior quarter.
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Analysis
Natural Gas Services (NGS) Debt Ratio (2009 - 2026) Analysis & Trends
For FY2025, Debt Ratio at Natural Gas Services was 0.39, up 13.6% from FY2024.
- Debt Ratio has increased for three consecutive years.
- By year, Debt Ratio came in at 0.35 in FY2024 (+0.8%), 0.34 in FY2023 (+349.8%) and 0.08 in FY2022.
- The Q3 2026 figure ranks as the highest quarterly Debt Ratio since Q1 2014.
- Year over year, Debt Ratio has now increased in each of the last six quarters, with growth averaging 12.2% over the last eight quarters.
- The high point for year-over-year Debt Ratio in five years was Q4 2023 (growth of 349.8%); the low point was Q1 2025 (a decline of 5.3%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 0.46 (Q2 2026), 0.38 (Q1 2026) and 0.39 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 76.30 Bn | 73.91 Bn | 1.57 Bn | 0.23 |
| 2 | Baker Hughes | 49.10 Bn | 11.25 Bn | 1.96 Bn | 0.31 |
| 3 | Halliburton | 27.94 Bn | 19.88 Bn | 840.00 Mn | 0.27 |
| 4 | TechnipFMC | 25.83 Bn | 21.81 Bn | 728.70 Mn | 0.04 |
| 5 | Noble | 6.97 Bn | 5.04 Bn | 228.22 Mn | 0.26 |
| 6 | Nov | 6.45 Bn | 1.39 Bn | 439.00 Mn | 0.15 |
| 7 | Weatherford International | 6.27 Bn | 2.04 Bn | 374.00 Mn | 0.28 |
| 8 | Transocean | 6.19 Bn | 4.23 Bn | 348.00 Mn | 0.33 |
| 9 | Valaris | 5.84 Bn | 3.59 Bn | 176.30 Mn | 0.20 |
| 10 | Natural Gas Services | 383.29 Mn | 380.19 Mn | 36.85 Mn | 0.46 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.46 |
| Jun 30, 2026 | 0.46 |
| Mar 31, 2026 | 0.38 |
| Dec 31, 2025 | 0.39 |
| Sep 30, 2025 | 0.37 |
| Jun 30, 2025 | 0.35 |
| Mar 31, 2025 | 0.33 |
| Dec 31, 2024 | 0.35 |
| Sep 30, 2024 | 0.33 |
| Jun 30, 2024 | 0.33 |
| Mar 31, 2024 | 0.35 |
| Dec 31, 2023 | 0.34 |
| Sep 30, 2023 | 0.28 |
| Jun 30, 2023 | 0.24 |
| Mar 31, 2023 | 0.16 |
| Dec 31, 2022 | 0.08 |
| Sep 30, 2022 | 0.01 |
| Dec 31, 2020 | 0.00 |
| Sep 30, 2020 | 0.00 |
| Jun 30, 2020 | 0.00 |
API Access
Natural Gas Services Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=NGS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "NGS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=NGS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();