Borr Drilling Balance Sheet Health
Financial Health criteria checks 1/6
Borr Drilling has a total shareholder equity of $988.2M and total debt of $2.0B, which brings its debt-to-equity ratio to 202.2%. Its total assets and total liabilities are $3.3B and $2.4B respectively. Borr Drilling's EBIT is $353.1M making its interest coverage ratio 1.7. It has cash and short-term investments of $185.7M.
Key information
202.2%
Debt to equity ratio
US$2.00b
Debt
| Interest coverage ratio | 1.7x |
| Cash | US$185.70m |
| Equity | US$988.20m |
| Total liabilities | US$2.36b |
| Total assets | US$3.34b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BORRO's short term assets ($582.6M) exceed its short term liabilities ($413.0M).
Long Term Liabilities: BORRO's short term assets ($582.6M) do not cover its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: BORRO's net debt to equity ratio (183.4%) is considered high.
Reducing Debt: BORRO's debt to equity ratio has increased from 117.4% to 202.2% over the past 5 years.
Debt Coverage: BORRO's debt is not well covered by operating cash flow (0.1%).
Interest Coverage: BORRO's interest payments on its debt are not well covered by EBIT (1.7x coverage).