Odfjell Drilling Balance Sheet Health
Financial Health criteria checks 3/6
Odfjell Drilling has a total shareholder equity of $1.4B and total debt of $740.9M, which brings its debt-to-equity ratio to 53.6%. Its total assets and total liabilities are $2.3B and $911.7M respectively. Odfjell Drilling's EBIT is $307.5M making its interest coverage ratio 4.7. It has cash and short-term investments of $122.2M.
Key information
53.6%
Debt to equity ratio
US$740.90m
Debt
Interest coverage ratio | 4.7x |
Cash | US$122.20m |
Equity | US$1.38b |
Total liabilities | US$911.70m |
Total assets | US$2.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ODLO's short term assets ($246.9M) do not cover its short term liabilities ($281.6M).
Long Term Liabilities: ODLO's short term assets ($246.9M) do not cover its long term liabilities ($630.1M).
Debt to Equity History and Analysis
Debt Level: ODLO's net debt to equity ratio (44.8%) is considered high.
Reducing Debt: ODLO's debt to equity ratio has reduced from 113.8% to 53.6% over the past 5 years.
Debt Coverage: ODLO's debt is well covered by operating cash flow (37.2%).
Interest Coverage: ODLO's interest payments on its debt are well covered by EBIT (4.7x coverage).