Borr Drilling Balance Sheet Health
Financial Health criteria checks 1/6
Borr Drilling has a total shareholder equity of $999.2M and total debt of $1.8B, which brings its debt-to-equity ratio to 184.5%. Its total assets and total liabilities are $3.2B and $2.2B respectively. Borr Drilling's EBIT is $333.3M making its interest coverage ratio 1.8. It has cash and short-term investments of $195.3M.
Key information
184.5%
Debt to equity ratio
US$1.84b
Debt
| Interest coverage ratio | 1.8x |
| Cash | US$195.30m |
| Equity | US$999.20m |
| Total liabilities | US$2.18b |
| Total assets | US$3.18b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BORRO's short term assets ($546.2M) exceed its short term liabilities ($349.0M).
Long Term Liabilities: BORRO's short term assets ($546.2M) do not cover its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: BORRO's net debt to equity ratio (165%) is considered high.
Reducing Debt: BORRO's debt to equity ratio has increased from 114.6% to 184.5% over the past 5 years.
Debt Coverage: BORRO's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BORRO's interest payments on its debt are not well covered by EBIT (1.8x coverage).