What is NL Industries's net debt?

NL Industries (NL) reported net debt of -$100.98M in Q1 2026.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

NL Industries NL Net debt

Discontinued — last reported Q1 '26

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Other financials

Income statement

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Revenue$40.6M+0.7%

Gross profit$13.3M+9.0%

Operating income$4.1M+30.5%

Net income$4.3M+551%

EPS (diluted)$0.09+800%

Balance sheet

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Cash & equivalents$101.9M-7.4%

Total debt$926.0K—

Total equity$359.3M-9.6%

Total assets$461.2M-11.3%

Cash flow

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Operating cash flow-$3.5M+92.5%

CapEx$404.0K-50.9%

Free cash flow-$3.9M+91.8%

Valuation

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Market cap$290.95M+0.3%

Enterprise value$189.96M—

P/S1.8×-0.1×

Profitability

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Gross margin31.1%+1.5pp

Operating margin7.3%-19.4pp

Net margin-21.5%-62.7pp

FCF margin21.1%—

Returns & leverage

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Return on equity-9%-25.0pp

Debt / equity0×—

Current ratio10.7×+4.8×

Where this comes from

Calculated from NL Industries’s reported figures.

$926.0Ktotal debt−$101.9Mcash and equivalents=-$100.98M

The official record: NL Industries’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NL Industries's net debt?: NL Industries (NL) reported net debt of -$100.98M in Q1 2026.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.