Shelf Drilling (North Sea) Balance Sheet Health
Financial Health criteria checks 0/6
Shelf Drilling (North Sea) has a total shareholder equity of $160.2M and total debt of $237.2M, which brings its debt-to-equity ratio to 148.1%. Its total assets and total liabilities are $468.5M and $308.3M respectively.
Key information
148.1%
Debt to equity ratio
US$237.20m
Debt
Interest coverage ratio | n/a |
Cash | US$13.60m |
Equity | US$160.20m |
Total liabilities | US$308.30m |
Total assets | US$468.50m |
Recent financial health updates
Recent updates
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 ($49.4M) do not cover its short term liabilities ($62.0M).
Long Term Liabilities: SDNS's short term assets ($49.4M) do not cover its long term liabilities ($246.3M).
Debt to Equity History and Analysis
Debt Level: SDNS's net debt to equity ratio (139.6%) 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.