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Diamond Offshore Drilling Balance Sheet Health
Financial Health criteria checks 2/6
Diamond Offshore Drilling has a total shareholder equity of $671.3M and total debt of $534.5M, which brings its debt-to-equity ratio to 79.6%. Its total assets and total liabilities are $1.7B and $1.0B respectively. Diamond Offshore Drilling's EBIT is $90.9M making its interest coverage ratio 1.7. It has cash and short-term investments of $165.5M.
Key information
79.6%
Debt to equity ratio
US$534.48m
Debt
| Interest coverage ratio | 1.7x |
| Cash | US$165.54m |
| Equity | US$671.35m |
| Total liabilities | US$1.01b |
| Total assets | US$1.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DO10's short term assets ($459.4M) exceed its short term liabilities ($258.9M).
Long Term Liabilities: DO10's short term assets ($459.4M) do not cover its long term liabilities ($753.3M).
Debt to Equity History and Analysis
Debt Level: DO10's net debt to equity ratio (55%) is considered high.
Reducing Debt: DO10's debt to equity ratio has increased from 58.1% to 79.6% 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 3 years 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.