ADNOC Drilling Company P.J.S.C Balance Sheet Health
Financial Health criteria checks 3/6
ADNOC Drilling Company P.J.S.C has a total shareholder equity of $3.4B and total debt of $2.4B, which brings its debt-to-equity ratio to 70.4%. Its total assets and total liabilities are $7.5B and $4.1B respectively. ADNOC Drilling Company P.J.S.C's EBIT is $1.4B making its interest coverage ratio 12.6. It has cash and short-term investments of $307.9M.
Key information
70.4%
Debt to equity ratio
US$2.40b
Debt
Interest coverage ratio | 12.6x |
Cash | US$307.94m |
Equity | US$3.41b |
Total liabilities | US$4.09b |
Total assets | US$7.50b |
Recent financial health updates
No updates
Recent updates
We Think ADNOC Drilling Company P.J.S.C (ADX:ADNOCDRILL) Might Have The DNA Of A Multi-Bagger
Dec 10ADNOC Drilling Company P.J.S.C. Beat Revenue Forecasts By 5.9%: Here's What Analysts Are Forecasting Next
Nov 02Getting In Cheap On ADNOC Drilling Company P.J.S.C. (ADX:ADNOCDRILL) Is Unlikely
Oct 16Investors Should Be Encouraged By ADNOC Drilling Company P.J.S.C's (ADX:ADNOCDRILL) Returns On Capital
Sep 11Market Participants Recognise ADNOC Drilling Company P.J.S.C.'s (ADX:ADNOCDRILL) Earnings
Jun 26Potential Upside For ADNOC Drilling Company P.J.S.C. (ADX:ADNOCDRILL) Not Without Risk
Mar 26ADNOC Drilling Company P.J.S.C's (ADX:ADNOCDRILL) Performance Is Even Better Than Its Earnings Suggest
Feb 19ADNOC Drilling Company P.J.S.C. Just Beat EPS By 7.1%: Here's What Analysts Think Will Happen Next
Feb 15Financial Position Analysis
Short Term Liabilities: ADNOCDRILL's short term assets ($2.1B) exceed its short term liabilities ($1.9B).
Long Term Liabilities: ADNOCDRILL's short term assets ($2.1B) do not cover its long term liabilities ($2.2B).
Debt to Equity History and Analysis
Debt Level: ADNOCDRILL's net debt to equity ratio (61.4%) is considered high.
Reducing Debt: ADNOCDRILL's debt to equity ratio has increased from 46.6% to 70.4% over the past 5 years.
Debt Coverage: ADNOCDRILL's debt is well covered by operating cash flow (65.6%).
Interest Coverage: ADNOCDRILL's interest payments on its debt are well covered by EBIT (12.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
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Company Analysis | 2025/01/10 19:54 |
End of Day Share Price | 2025/01/10 00:00 |
Earnings | 2024/09/30 |
Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
Package | Data | Timeframe | Example US Source * |
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Company Financials | 10 years |
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Analyst Consensus Estimates | +3 years |
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Market Prices | 30 years |
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Ownership | 10 years |
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Management | 10 years |
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Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
ADNOC Drilling Company P.J.S.C. is covered by 20 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
Analyst | Institution |
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Shadab Ashfaq | Al Ramz Capital LLC |
Nour Sherif | Arqaam Capital Research Offshore S.A.L. |
Soha Saniour | Arqaam Capital Research Offshore S.A.L. |