Borr Drilling Balance Sheet Health
Financial Health criteria checks 1/6
Borr Drilling has a total shareholder equity of $984.0M and total debt of $1.7B, which brings its debt-to-equity ratio to 172.9%. Its total assets and total liabilities are $3.1B and $2.1B respectively. Borr Drilling's EBIT is $249.8M making its interest coverage ratio 1.4. It has cash and short-term investments of $102.5M.
Key information
172.9%
Debt to equity ratio
US$1.70b
Debt
| Interest coverage ratio | 1.4x |
| Cash | US$102.50m |
| Equity | US$984.00m |
| Total liabilities | US$2.10b |
| Total assets | US$3.08b |
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 13Is Borr Drilling (OB:BORR) Using Too Much Debt?
Jan 24Recent updates
Borr 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 13Is Borr Drilling (OB:BORR) Using Too Much Debt?
Jan 24Analysts Just Made A Substantial Upgrade To Their Borr Drilling Limited (OB:BORR) Forecasts
Nov 27Here's What Borr Drilling Limited's (OB:BORR) Shareholder Ownership Structure Looks Like
Feb 23Financial Position Analysis
Short Term Liabilities: BORR's short term assets ($409.9M) exceed its short term liabilities ($360.4M).
Long Term Liabilities: BORR's short term assets ($409.9M) do not cover its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: BORR's net debt to equity ratio (162.5%) is considered high.
Reducing Debt: BORR's debt to equity ratio has increased from 76.6% to 172.9% over the past 5 years.
Debt Coverage: BORR's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: BORR's interest payments on its debt are not well covered by EBIT (1.4x coverage).