Borr Drilling Limited

OB:BORR Stock Report

Market Cap: NOK 11.5b

Borr Drilling Balance Sheet Health

Financial Health criteria checks 1/6

Borr Drilling has a total shareholder equity of $999.2M and total debt of $1.8B, which brings its debt-to-equity ratio to 184.5%. Its total assets and total liabilities are $3.2B and $2.2B respectively. Borr Drilling's EBIT is $333.3M making its interest coverage ratio 1.8. It has cash and short-term investments of $195.3M.

Key information

184.5%

Debt to equity ratio

US$1.84b

Debt

Interest coverage ratio1.8x
CashUS$195.30m
EquityUS$999.20m
Total liabilitiesUS$2.18b
Total assetsUS$3.18b

Recent financial health updates

These 4 Measures Indicate That Borr Drilling (OB:BORR) Is Using Debt Extensively

May 13
These 4 Measures Indicate That Borr Drilling (OB:BORR) Is Using Debt Extensively

Is Borr Drilling (OB:BORR) Using Debt In A Risky Way?

Jan 13
Is Borr Drilling (OB:BORR) Using Debt In A Risky Way?

Recent updates

Borr Drilling Limited's (OB:BORR) Shares May Have Run Too Fast Too Soon

Sep 27
Borr Drilling Limited's (OB:BORR) Shares May Have Run Too Fast Too Soon

Borr Drilling Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Aug 19
Borr Drilling Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

The Return Trends At Borr Drilling (OB:BORR) Look Promising

Jul 14
The Return Trends At Borr Drilling (OB:BORR) Look Promising

Borr Drilling (OB:BORR) Is Looking To Continue Growing Its Returns On Capital

Mar 18
Borr Drilling (OB:BORR) Is Looking To Continue Growing Its Returns On Capital

Borr Drilling Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Feb 26
Borr Drilling Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

There's Been No Shortage Of Growth Recently For Borr Drilling's (OB:BORR) Returns On Capital

Sep 10
There's Been No Shortage Of Growth Recently For Borr Drilling's (OB:BORR) Returns On Capital

Borr Drilling Limited's (OB:BORR) P/S Is On The Mark

Jul 14
Borr Drilling Limited's (OB:BORR) P/S Is On The Mark

Returns Are Gaining Momentum At Borr Drilling (OB:BORR)

Jun 07
Returns Are Gaining Momentum At Borr Drilling (OB:BORR)

These 4 Measures Indicate That Borr Drilling (OB:BORR) Is Using Debt Extensively

May 13
These 4 Measures Indicate That Borr Drilling (OB:BORR) Is Using Debt Extensively

Is Borr Drilling Limited (OB:BORR) Trading At A 31% Discount?

Feb 01
Is Borr Drilling Limited (OB:BORR) Trading At A 31% Discount?

Is Borr Drilling (OB:BORR) Using Debt In A Risky Way?

Jan 13
Is Borr Drilling (OB:BORR) Using Debt In A Risky Way?

Financial Position Analysis

Short Term Liabilities: BORR's short term assets ($546.2M) exceed its short term liabilities ($349.0M).

Long Term Liabilities: BORR's short term assets ($546.2M) do not cover its long term liabilities ($1.8B).

Debt to Equity History and Analysis

Debt Level: BORR's net debt to equity ratio (165%) is considered high.

Reducing Debt: BORR's debt to equity ratio has increased from 114.6% to 184.5% 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 (1.8x coverage).

Balance Sheet

Discover healthy companies

7D

1Y

7D

1Y

7D

1Y