Dolphin Drilling Balance Sheet Health
Financial Health criteria checks 4/6
Dolphin Drilling has a total shareholder equity of $87.7M and total debt of $80.0M, which brings its debt-to-equity ratio to 91.2%. Its total assets and total liabilities are $206.1M and $118.4M respectively.
Key information
91.2%
Debt to equity ratio
US$80.00m
Debt
| Interest coverage ratio | n/a |
| Cash | US$27.70m |
| Equity | US$87.70m |
| Total liabilities | US$118.40m |
| Total assets | US$206.10m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: DDRIL's short term assets ($96.5M) exceed its short term liabilities ($49.7M).
Long Term Liabilities: DDRIL's short term assets ($96.5M) exceed its long term liabilities ($68.7M).
Debt to Equity History and Analysis
Debt Level: DDRIL's net debt to equity ratio (59.6%) is considered high.
Reducing Debt: DDRIL's debt to equity ratio has reduced from 1076.4% to 91.2% 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: DDRIL has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: Insufficient data to determine if DDRIL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.