Dolphin Drilling Balance Sheet Health
Financial Health criteria checks 6/6
Dolphin Drilling has a total shareholder equity of $146.2M and total debt of $15.0M, which brings its debt-to-equity ratio to 10.3%. Its total assets and total liabilities are $207.9M and $61.7M respectively. Dolphin Drilling's EBIT is $5.3M making its interest coverage ratio 0.8. It has cash and short-term investments of $24.5M.
Key information
10.3%
Debt to equity ratio
US$15.00m
Debt
Interest coverage ratio | 0.8x |
Cash | US$24.50m |
Equity | US$146.20m |
Total liabilities | US$61.70m |
Total assets | US$207.90m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: L33's short term assets ($128.1M) exceed its short term liabilities ($57.6M).
Long Term Liabilities: L33's short term assets ($128.1M) exceed its long term liabilities ($4.1M).
Debt to Equity History and Analysis
Debt Level: L33 has more cash than its total debt.
Reducing Debt: L33's debt to equity ratio has reduced from 1091.1% to 10.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: L33 has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: L33 is forecast to have sufficient cash runway for 6 months based on free cash flow estimates, but has since raised additional capital.