SBM Offshore Balance Sheet Health
Financial Health criteria checks 2/6
SBM Offshore has a total shareholder equity of $5.5B and total debt of $9.2B, which brings its debt-to-equity ratio to 166.5%. Its total assets and total liabilities are $17.2B and $11.6B respectively. SBM Offshore's EBIT is $1.2B making its interest coverage ratio 2.1. It has cash and short-term investments of $543.0M.
Key information
166.5%
Debt to equity ratio
US$9.21b
Debt
Interest coverage ratio | 2.1x |
Cash | US$543.00m |
Equity | US$5.53b |
Total liabilities | US$11.65b |
Total assets | US$17.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SBMO's short term assets ($9.4B) exceed its short term liabilities ($2.8B).
Long Term Liabilities: SBMO's short term assets ($9.4B) exceed its long term liabilities ($8.8B).
Debt to Equity History and Analysis
Debt Level: SBMO's net debt to equity ratio (156.7%) is considered high.
Reducing Debt: SBMO's debt to equity ratio has increased from 120.4% to 166.5% over the past 5 years.
Debt Coverage: SBMO's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SBMO's interest payments on its debt are not well covered by EBIT (2.1x coverage).