Shelf Drilling (North Sea) Balance Sheet Health
Financial Health criteria checks 1/6
Shelf Drilling (North Sea) has a total shareholder equity of $126.5M and total debt of $305.0M, which brings its debt-to-equity ratio to 241.1%. Its total assets and total liabilities are $507.0M and $380.5M respectively.
Key information
241.1%
Debt to equity ratio
US$305.00m
Debt
| Interest coverage ratio | n/a |
| Cash | US$37.20m |
| Equity | US$126.50m |
| Total liabilities | US$380.50m |
| Total assets | US$507.00m |
Recent financial health updates
Recent updates
This Shelf Drilling (North Sea), Ltd. (OB:SDNS) Analyst Is Way More Bearish Than They Used To Be
Aug 11
Health Check: How Prudently Does Shelf Drilling (North Sea) (OB:SDNS) Use Debt?
Jul 25Here's What's Concerning About Shelf Drilling (North Sea)'s (OB:SDNS) Returns On Capital
Apr 03Shelf Drilling (North Sea)'s (OB:SDNS) Returns Have Hit A Wall
Dec 15A Look At The Intrinsic Value Of Shelf Drilling (North Sea), Ltd. (OB:SDNS)
Jul 08Financial Position Analysis
Short Term Liabilities: SDNS's short term assets ($84.3M) exceed its short term liabilities ($63.3M).
Long Term Liabilities: SDNS's short term assets ($84.3M) do not cover its long term liabilities ($317.2M).
Debt to Equity History and Analysis
Debt Level: SDNS's net debt to equity ratio (211.7%) is considered high.
Reducing Debt: Insufficient data to determine if SDNS's debt to equity ratio has reduced 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: SDNS has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if SDNS has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.