ADNOC Drilling Company P.J.S.C.

ADX:ADNOCDRILL Stock Report

Market Cap: د.إ84.5b

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 $3.8B and total debt of $2.3B, which brings its debt-to-equity ratio to 60.2%. Its total assets and total liabilities are $7.8B and $4.0B respectively. ADNOC Drilling Company P.J.S.C's EBIT is $1.5B making its interest coverage ratio 12.4. It has cash and short-term investments of $330.3M.

Key information

60.2%

Debt to equity ratio

US$2.29b

Debt

Interest coverage ratio12.4x
CashUS$330.29m
EquityUS$3.81b
Total liabilitiesUS$3.96b
Total assetsUS$7.77b

Recent financial health updates

No updates

Recent updates

ADNOC Drilling Company P.J.S.C's (ADX:ADNOCDRILL) Dividend Will Be Increased To $0.0905

Mar 19
ADNOC Drilling Company P.J.S.C's (ADX:ADNOCDRILL) Dividend Will Be Increased To $0.0905

ADNOC Drilling Company P.J.S.C's (ADX:ADNOCDRILL) Shareholders Will Receive A Bigger Dividend Than Last Year

Mar 05
ADNOC Drilling Company P.J.S.C's (ADX:ADNOCDRILL) Shareholders Will Receive A Bigger Dividend Than Last Year

ADNOC Drilling Company P.J.S.C (ADX:ADNOCDRILL) Is Increasing Its Dividend To $0.0905

Feb 17
ADNOC Drilling Company P.J.S.C (ADX:ADNOCDRILL) Is Increasing Its Dividend To $0.0905

Analyst Estimates: Here's What Brokers Think Of ADNOC Drilling Company P.J.S.C. (ADX:ADNOCDRILL) After Its Yearly Report

Feb 16
Analyst Estimates: Here's What Brokers Think Of ADNOC Drilling Company P.J.S.C. (ADX:ADNOCDRILL) After Its Yearly Report

We Think ADNOC Drilling Company P.J.S.C (ADX:ADNOCDRILL) Might Have The DNA Of A Multi-Bagger

Dec 10
We Think ADNOC Drilling Company P.J.S.C (ADX:ADNOCDRILL) Might Have The DNA Of A Multi-Bagger

ADNOC Drilling Company P.J.S.C. Beat Revenue Forecasts By 5.9%: Here's What Analysts Are Forecasting Next

Nov 02
ADNOC Drilling Company P.J.S.C. Beat Revenue Forecasts By 5.9%: Here's What Analysts Are Forecasting Next

Getting In Cheap On ADNOC Drilling Company P.J.S.C. (ADX:ADNOCDRILL) Is Unlikely

Oct 16
Getting In Cheap On ADNOC Drilling Company P.J.S.C. (ADX:ADNOCDRILL) Is Unlikely

Investors Should Be Encouraged By ADNOC Drilling Company P.J.S.C's (ADX:ADNOCDRILL) Returns On Capital

Sep 11
Investors Should Be Encouraged By ADNOC Drilling Company P.J.S.C's (ADX:ADNOCDRILL) Returns On Capital

Market Participants Recognise ADNOC Drilling Company P.J.S.C.'s (ADX:ADNOCDRILL) Earnings

Jun 26
Market Participants Recognise ADNOC Drilling Company P.J.S.C.'s (ADX:ADNOCDRILL) Earnings

Financial Position Analysis

Short Term Liabilities: ADNOCDRILL's short term assets ($2.1B) do not cover its short term liabilities ($2.3B).

Long Term Liabilities: ADNOCDRILL's short term assets ($2.1B) exceed its long term liabilities ($1.7B).

Debt to Equity History and Analysis

Debt Level: ADNOCDRILL's net debt to equity ratio (51.6%) is considered high.

Reducing Debt: ADNOCDRILL's debt to equity ratio has increased from 44.4% to 60.2% over the past 5 years.

Debt Coverage: ADNOCDRILL's debt is well covered by operating cash flow (72.1%).

Interest Coverage: ADNOCDRILL's interest payments on its debt are well covered by EBIT (12.4x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/03/25 00:52
End of Day Share Price 2025/03/25 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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 Github.

Analyst Sources

ADNOC Drilling Company P.J.S.C. is covered by 19 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.

AnalystInstitution
Shadab AshfaqAl Ramz Capital LLC
Nour SherifArqaam Capital Research Offshore S.A.L.
Soha SaniourArqaam Capital Research Offshore S.A.L.