Transocean Balance Sheet Health
Financial Health criteria checks 3/6
Transocean has a total shareholder equity of $10.2B and total debt of $7.0B, which brings its debt-to-equity ratio to 68%. Its total assets and total liabilities are $19.5B and $9.3B respectively. Transocean's EBIT is $194.0M making its interest coverage ratio 0.9. It has cash and short-term investments of $435.0M.
Key information
68.0%
Debt to equity ratio
US$6.96b
Debt
| Interest coverage ratio | 0.9x |
| Cash | US$435.00m |
| Equity | US$10.23b |
| Total liabilities | US$9.28b |
| Total assets | US$19.51b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RIG N's short term assets ($2.3B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: RIG N's short term assets ($2.3B) do not cover its long term liabilities ($7.9B).
Debt to Equity History and Analysis
Debt Level: RIG N's net debt to equity ratio (63.8%) is considered high.
Reducing Debt: RIG N's debt to equity ratio has reduced from 78.6% to 68% over the past 5 years.
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: RIG N has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if RIG N has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.