Shelf Drilling (North Sea) Balance Sheet Health
Financial Health criteria checks 1/6
Shelf Drilling (North Sea) has a total shareholder equity of $180.6M and total debt of $236.3M, which brings its debt-to-equity ratio to 130.8%. Its total assets and total liabilities are $472.0M and $291.4M respectively. Shelf Drilling (North Sea)'s EBIT is $6.7M making its interest coverage ratio 0.2. It has cash and short-term investments of $27.7M.
Key information
130.8%
Debt to equity ratio
US$236.30m
Debt
Interest coverage ratio | 0.2x |
Cash | US$27.70m |
Equity | US$180.60m |
Total liabilities | US$291.40m |
Total assets | US$472.00m |
Financial Position Analysis
Short Term Liabilities: SDNS's short term assets ($56.7M) exceed its short term liabilities ($42.6M).
Long Term Liabilities: SDNS's short term assets ($56.7M) do not cover its long term liabilities ($248.8M).
Debt to Equity History and Analysis
Debt Level: SDNS's net debt to equity ratio (115.5%) 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: Insufficient data to determine if SDNS has enough 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.