Diamond Offshore Drilling Balance Sheet Health
Financial Health criteria checks 2/6
Diamond Offshore Drilling has a total shareholder equity of $644.9M and total debt of $533.5M, which brings its debt-to-equity ratio to 82.7%. Its total assets and total liabilities are $1.7B and $1.1B respectively. Diamond Offshore Drilling's EBIT is $46.7M making its interest coverage ratio 0.9. It has cash and short-term investments of $124.5M.
Key information
82.7%
Debt to equity ratio
US$533.51m
Debt
Interest coverage ratio | 0.9x |
Cash | US$124.46m |
Equity | US$644.85m |
Total liabilities | US$1.07b |
Total assets | US$1.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DO10's short term assets ($457.4M) exceed its short term liabilities ($296.2M).
Long Term Liabilities: DO10's short term assets ($457.4M) do not cover its long term liabilities ($771.6M).
Debt to Equity History and Analysis
Debt Level: DO10's net debt to equity ratio (63.4%) is considered high.
Reducing Debt: DO10's debt to equity ratio has increased from 55.1% to 82.7% 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: DO10 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if DO10 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.