Aban Offshore Balance Sheet Health
Financial Health criteria checks 2/6
Aban Offshore has a total shareholder equity of ₹-243.5B and total debt of ₹153.7B, which brings its debt-to-equity ratio to -63.1%. Its total assets and total liabilities are ₹15.1B and ₹258.5B respectively. Aban Offshore's EBIT is ₹1.2B making its interest coverage ratio 0.1. It has cash and short-term investments of ₹1.1B.
Key information
-63.1%
Debt to equity ratio
₹153.70b
Debt
| Interest coverage ratio | 0.1x |
| Cash | ₹1.10b |
| Equity | -₹243.46b |
| Total liabilities | ₹258.54b |
| Total assets | ₹15.08b |
Recent financial health updates
No updates
Recent updates
Aban Offshore Limited (NSE:ABAN) Stock Catapults 35% Though Its Price And Business Still Lag The Industry
Aug 20
The Market Doesn't Like What It Sees From Aban Offshore Limited's (NSE:ABAN) Revenues Yet As Shares Tumble 27%
Mar 15Investors Don't See Light At End Of Aban Offshore Limited's (NSE:ABAN) Tunnel
Jan 04Aban Offshore Limited's (NSE:ABAN) Prospects Need A Boost To Lift Shares
Aug 24Financial Position Analysis
Short Term Liabilities: ABAN has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: ABAN has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: ABAN has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: ABAN's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable ABAN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ABAN is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 21.6% per year.