Sea1 Offshore Balance Sheet Health
Financial Health criteria checks 3/6
Sea1 Offshore has a total shareholder equity of $534.2M and total debt of $453.1M, which brings its debt-to-equity ratio to 84.8%. Its total assets and total liabilities are $1.1B and $539.9M respectively. Sea1 Offshore's EBIT is $91.1M making its interest coverage ratio 3.7. It has cash and short-term investments of $76.8M.
Key information
84.8%
Debt to equity ratio
US$453.14m
Debt
| Interest coverage ratio | 3.7x |
| Cash | US$76.84m |
| Equity | US$534.16m |
| Total liabilities | US$539.86m |
| Total assets | US$1.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SEA1O's short term assets ($158.8M) do not cover its short term liabilities ($257.6M).
Long Term Liabilities: SEA1O's short term assets ($158.8M) do not cover its long term liabilities ($282.3M).
Debt to Equity History and Analysis
Debt Level: SEA1O's net debt to equity ratio (70.4%) is considered high.
Reducing Debt: SEA1O's debt to equity ratio has reduced from 252.1% to 84.8% over the past 5 years.
Debt Coverage: SEA1O's debt is well covered by operating cash flow (26.3%).
Interest Coverage: SEA1O's interest payments on its debt are well covered by EBIT (3.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/08/12 10:21 |
| End of Day Share Price | 2024/05/15 00:00 |
| Earnings | 2024/03/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Sea1 Offshore Inc. is covered by 10 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kristoffer Iden | Arctic Securities ASA |
| Morten Lindbäck | Beringer Finance AB |
| Salman Alam | Carnegie Investment Bank AB |