Odfjell Drilling Balance Sheet Health
Financial Health criteria checks 2/6
Odfjell Drilling has a total shareholder equity of $1.4B and total debt of $670.0M, which brings its debt-to-equity ratio to 48.3%. Its total assets and total liabilities are $2.2B and $848.5M respectively. Odfjell Drilling's EBIT is $152.7M making its interest coverage ratio 2.3. It has cash and short-term investments of $94.8M.
Key information
48.3%
Debt to equity ratio
US$670.00m
Debt
Interest coverage ratio | 2.3x |
Cash | US$94.80m |
Equity | US$1.39b |
Total liabilities | US$848.50m |
Total assets | US$2.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OD3's short term assets ($220.7M) do not cover its short term liabilities ($248.8M).
Long Term Liabilities: OD3's short term assets ($220.7M) do not cover its long term liabilities ($599.7M).
Debt to Equity History and Analysis
Debt Level: OD3's net debt to equity ratio (41.5%) is considered high.
Reducing Debt: OD3's debt to equity ratio has reduced from 139.4% to 48.3% over the past 5 years.
Debt Coverage: OD3's debt is well covered by operating cash flow (40.5%).
Interest Coverage: OD3's interest payments on its debt are not well covered by EBIT (2.3x coverage).