Borr Drilling Balance Sheet Health
Financial Health criteria checks 1/6
Borr Drilling has a total shareholder equity of $989.6M and total debt of $1.9B, which brings its debt-to-equity ratio to 191.7%. Its total assets and total liabilities are $3.3B and $2.3B respectively. Borr Drilling's EBIT is $288.7M making its interest coverage ratio 1.6. It has cash and short-term investments of $282.7M.
Key information
191.7%
Debt to equity ratio
US$1.90b
Debt
Interest coverage ratio | 1.6x |
Cash | US$282.70m |
Equity | US$989.60m |
Total liabilities | US$2.30b |
Total assets | US$3.29b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0BDR's short term assets ($634.0M) exceed its short term liabilities ($396.2M).
Long Term Liabilities: 0BDR's short term assets ($634.0M) do not cover its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: 0BDR's net debt to equity ratio (163.1%) is considered high.
Reducing Debt: 0BDR's debt to equity ratio has increased from 96.2% to 191.7% over the past 5 years.
Debt Coverage: 0BDR's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 0BDR's interest payments on its debt are not well covered by EBIT (1.6x coverage).