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 ratio | 12.4x |
Cash | US$330.29m |
Equity | US$3.81b |
Total liabilities | US$3.96b |
Total assets | US$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 19ADNOC Drilling Company P.J.S.C's (ADX:ADNOCDRILL) Shareholders Will Receive A Bigger Dividend Than Last Year
Mar 05ADNOC Drilling Company P.J.S.C (ADX:ADNOCDRILL) Is Increasing Its Dividend To $0.0905
Feb 17Analyst Estimates: Here's What Brokers Think Of ADNOC Drilling Company P.J.S.C. (ADX:ADNOCDRILL) After Its Yearly Report
Feb 16We 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 26Financial 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
Data | Last Updated (UTC time) |
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Company Analysis | 2025/03/25 00:52 |
End of Day Share Price | 2025/03/25 00:00 |
Earnings | 2024/12/31 |
Annual Earnings | 2024/12/31 |
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.
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.
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. |