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Borr Drilling Balance Sheet Health
Financial Health criteria checks 1/6
Borr Drilling has a total shareholder equity of $988.2M and total debt of $2.0B, which brings its debt-to-equity ratio to 202.2%. Its total assets and total liabilities are $3.3B and $2.4B respectively. Borr Drilling's EBIT is $353.1M making its interest coverage ratio 1.7. It has cash and short-term investments of $185.7M.
Key information
202.2%
Debt to equity ratio
US$2.00b
Debt
| Interest coverage ratio | 1.7x |
| Cash | US$185.70m |
| Equity | US$988.20m |
| Total liabilities | US$2.36b |
| Total assets | US$3.34b |
Recent financial health updates
These 4 Measures Indicate That Borr Drilling (OB:BORR) Is Using Debt Extensively
May 13
Is Borr Drilling (OB:BORR) Using Debt In A Risky Way?
Jan 13Recent updates
Borr Drilling Limited's (OB:BORR) Shares May Have Run Too Fast Too Soon
Sep 27Borr Drilling Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Aug 19The Return Trends At Borr Drilling (OB:BORR) Look Promising
Jul 14Borr Drilling (OB:BORR) Is Looking To Continue Growing Its Returns On Capital
Mar 18Borr Drilling Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Feb 26There's Been No Shortage Of Growth Recently For Borr Drilling's (OB:BORR) Returns On Capital
Sep 10Borr Drilling Limited's (OB:BORR) P/S Is On The Mark
Jul 14Returns Are Gaining Momentum At Borr Drilling (OB:BORR)
Jun 07These 4 Measures Indicate That Borr Drilling (OB:BORR) Is Using Debt Extensively
May 13Is Borr Drilling Limited (OB:BORR) Trading At A 31% Discount?
Feb 01Is Borr Drilling (OB:BORR) Using Debt In A Risky Way?
Jan 13Financial Position Analysis
Short Term Liabilities: BORR's short term assets ($582.6M) exceed its short term liabilities ($413.0M).
Long Term Liabilities: BORR's short term assets ($582.6M) do not cover its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: BORR's net debt to equity ratio (183.4%) is considered high.
Reducing Debt: BORR's debt to equity ratio has increased from 117.4% to 202.2% over the past 5 years.
Debt Coverage: BORR's debt is not well covered by operating cash flow (0.1%).
Interest Coverage: BORR's interest payments on its debt are not well covered by EBIT (1.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/03 04:46 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| 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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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 Github.
Analyst Sources
Borr Drilling Limited is covered by 13 analysts. 5 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 |
|---|---|
| null null | ABG Sundal Collier |
| Gregory Lewis | BTIG |
| Haithum Nokta | Clarksons Platou Securities |