Shelf Drilling Balance Sheet Health
Financial Health criteria checks 2/6
Shelf Drilling has a total shareholder equity of $402.3M and total debt of $1.3B, which brings its debt-to-equity ratio to 329.5%. Its total assets and total liabilities are $2.1B and $1.7B respectively. Shelf Drilling's EBIT is $186.9M making its interest coverage ratio -58.4. It has cash and short-term investments of $98.2M.
Key information
329.5%
Debt to equity ratio
US$1.33b
Debt
Interest coverage ratio | -58.4x |
Cash | US$98.20m |
Equity | US$402.30m |
Total liabilities | US$1.70b |
Total assets | US$2.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6SD's short term assets ($418.9M) exceed its short term liabilities ($313.2M).
Long Term Liabilities: 6SD's short term assets ($418.9M) do not cover its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: 6SD's net debt to equity ratio (305%) is considered high.
Reducing Debt: 6SD's debt to equity ratio has increased from 150.1% to 329.5% 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: 6SD has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 6SD has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.