Odfjell Drilling Balance Sheet Health
Financial Health criteria checks 2/6
Odfjell Drilling has a total shareholder equity of $1.4B and total debt of $712.7M, which brings its debt-to-equity ratio to 51.1%. Its total assets and total liabilities are $2.3B and $914.8M respectively. Odfjell Drilling's EBIT is $143.0M making its interest coverage ratio 2. It has cash and short-term investments of $130.8M.
Key information
51.1%
Debt to equity ratio
US$712.70m
Debt
| Interest coverage ratio | 2x |
| Cash | US$130.80m |
| Equity | US$1.39b |
| Total liabilities | US$914.80m |
| Total assets | US$2.31b |
Recent financial health updates
Odfjell Drilling (OB:ODL) Has A Pretty Healthy Balance Sheet
Apr 03
Odfjell Drilling (OB:ODL) Seems To Use Debt Quite Sensibly
Dec 15Is Odfjell Drilling (OB:ODL) Using Too Much Debt?
Aug 05Odfjell Drilling (OB:ODL) Has A Somewhat Strained Balance Sheet
Apr 04Here's Why Odfjell Drilling (OB:ODL) Has A Meaningful Debt Burden
Dec 09Odfjell Drilling (OB:ODL) Has A Somewhat Strained Balance Sheet
Aug 26Recent updates
Odfjell Drilling (OB:ODL) Has A Pretty Healthy Balance Sheet
Apr 03Odfjell Drilling Ltd. (OB:ODL) Just Reported And Analysts Have Been Lifting Their Price Targets
Feb 18Odfjell Drilling (OB:ODL) Seems To Use Debt Quite Sensibly
Dec 15Industry Analysts Just Upgraded Their Odfjell Drilling Ltd. (OB:ODL) Revenue Forecasts By 13%
Sep 02Is Odfjell Drilling (OB:ODL) Using Too Much Debt?
Aug 05Odfjell Drilling (OB:ODL) Has A Somewhat Strained Balance Sheet
Apr 04Odfjell Drilling Ltd. (OB:ODL) Shares Could Be 42% Below Their Intrinsic Value Estimate
Jan 19Here's Why Odfjell Drilling (OB:ODL) Has A Meaningful Debt Burden
Dec 09Odfjell Drilling Ltd.'s (OB:ODL) CEO Compensation Is Looking A Bit Stretched At The Moment
Sep 15Odfjell Drilling (OB:ODL) Has A Somewhat Strained Balance Sheet
Aug 26Returns At Odfjell Drilling (OB:ODL) Appear To Be Weighed Down
Mar 30Time To Worry? Analysts Are Downgrading Their Odfjell Drilling Ltd. (OB:ODL) Outlook
Mar 03These 4 Measures Indicate That Odfjell Drilling (OB:ODL) Is Using Debt In A Risky Way
Mar 02Odfjell Drilling (OB:ODL) Might Have The Makings Of A Multi-Bagger
Dec 21Does Odfjell Drilling (OB:ODL) Have A Healthy Balance Sheet?
Oct 30Returns At Odfjell Drilling (OB:ODL) Appear To Be Weighed Down
Sep 02Here's Why Odfjell Drilling (OB:ODL) Is Weighed Down By Its Debt Load
Jul 13It's Probably Less Likely That Odfjell Drilling Ltd.'s (OB:ODL) CEO Will See A Huge Pay Rise This Year
Jun 16Odfjell Drilling's (OB:ODL) Returns Have Hit A Wall
May 04Does Odfjell Drilling (OB:ODL) Have A Healthy Balance Sheet?
Apr 05Do Odfjell Drilling's (OB:ODL) Earnings Warrant Your Attention?
Mar 09If You Had Bought Odfjell Drilling (OB:ODL) Stock Five Years Ago, You Could Pocket A 268% Gain Today
Feb 16
Is Odfjell Drilling (OB:ODL) Struggling?
Jan 21These 4 Measures Indicate That Odfjell Drilling (OB:ODL) Is Using Debt In A Risky Way
Dec 25Earnings Miss: Odfjell Drilling Ltd. Missed EPS By 22% And Analysts Are Revising Their Forecasts
Nov 29Financial Position Analysis
Short Term Liabilities: ODL's short term assets ($254.2M) do not cover its short term liabilities ($312.5M).
Long Term Liabilities: ODL's short term assets ($254.2M) do not cover its long term liabilities ($602.3M).
Debt to Equity History and Analysis
Debt Level: ODL's net debt to equity ratio (41.7%) is considered high.
Reducing Debt: ODL's debt to equity ratio has reduced from 106.9% to 51.1% over the past 5 years.
Debt Coverage: ODL's debt is well covered by operating cash flow (37.1%).
Interest Coverage: ODL's interest payments on its debt are not well covered by EBIT (2x coverage).