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
ADNOC Drilling Company P.J.S.C. Beat Revenue Forecasts By 5.9%: Here's What Analysts Are Forecasting Next
Nov 02
Getting 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 15Under The Bonnet, ADNOC Drilling Company P.J.S.C's (ADX:ADNOCDRILL) Returns Look Impressive
Jan 08We Like ADNOC Drilling Company P.J.S.C's (ADX:ADNOCDRILL) Returns And Here's How They're Trending
Aug 20ADNOC Drilling Company P.J.S.C (ADX:ADNOCDRILL) Could Become A Multi-Bagger
May 10Calculating The Intrinsic Value Of ADNOC Drilling Company P.J.S.C. (ADX:ADNOCDRILL)
Mar 01ADNOC Drilling Company P.J.S.C (ADX:ADNOCDRILL) Is Looking To Continue Growing Its Returns On Capital
Jan 17Returns On Capital At ADNOC Drilling Company P.J.S.C (ADX:ADNOCDRILL) Have Hit The Brakes
Oct 09Estimating The Intrinsic Value Of ADNOC Drilling Company P.J.S.C. (ADX:ADNOCDRILL)
Jul 21Investor Optimism Abounds ADNOC Drilling Company P.J.S.C. (ADX:ADNOCDRILL) But Growth Is Lacking
Jun 16We Like ADNOC Drilling Company P.J.S.C's (ADX:ADNOCDRILL) Earnings For More Than Just Statutory Profit
Feb 18ADNOC Drilling Company P.J.S.C. (ADX:ADNOCDRILL) Full-Year Results: Here's What Analysts Are Forecasting For This Year
Feb 14Financial 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).