Nabors Industries Ltd. (NYSE:NBR)
About Nabors Industries Ltd. Nabors Industries Ltd. (Nabors) is a drilling contractor that conducts oil, gas and geothermal land drilling operations in the United States Lower 48 states, Alaska, Canada, South America, Mexico, the Caribbean, the Middle East, the Far East, Russia and Africa. As of December 31, 2009, the Company marketed approximately 542 land drilling rigs. It also operates as a land well servicing and workover contractor in the United States and Canada. The majority of the Companyâ€™s business is conducted through its various Contract Drilling operating segments, which include its drilling, workover and well servicing operations, on land and offshore. Its oil and gas exploration, development and production operations are included in the Oil and Gas operating segment. Naborsâ€™ operating segments engaged in drilling technology and top drive manufacturing, directional drilling, rig instrumentation and software, and construction and logistics operations are included in its Other Operating segments.
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Financials Nabors Industries Ltd. (NYSE:NBR) reported the increase of 35 percent in the total revenue to $1.06 billion for the quarter ended September 30th, 2010 as compared to revenue of $789.20 million for the same period last year. The company however ended with net loss of $39.61 million or loss of $0.11 per share for the respective quarter. The companyâ€™s total assets accumulate up to $11.62 billion with highest proportion of fixed assets in its total composition. The current ratio stand at 1.13 times depicting that current assets of the company are 1.13 times more than its current liabilities. The total liabilities stand at $6.34 billion as compared to its total equity of $5.27 billion as on September 30th , 2010.
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