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Seadrill Balance Sheet Health
Financial Health criteria checks 6/6
Seadrill has a total shareholder equity of $3.1B and total debt of $609.0M, which brings its debt-to-equity ratio to 19.9%. Its total assets and total liabilities are $4.3B and $1.2B respectively. Seadrill's EBIT is $337.0M making its interest coverage ratio 14. It has cash and short-term investments of $835.0M.
Key information
19.9%
Debt to equity ratio
US$609.00m
Debt
| Interest coverage ratio | 14x |
| Cash | US$835.00m |
| Equity | US$3.06b |
| Total liabilities | US$1.24b |
| Total assets | US$4.30b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: SDRL's short term assets ($1.3B) exceed its short term liabilities ($404.0M).
Long Term Liabilities: SDRL's short term assets ($1.3B) exceed its long term liabilities ($834.0M).
Debt to Equity History and Analysis
Debt Level: SDRL has more cash than its total debt.
Reducing Debt: SDRL's debt to equity ratio has reduced from 266.3% to 19.9% over the past 5 years.
Debt Coverage: SDRL's debt is well covered by operating cash flow (59.1%).
Interest Coverage: SDRL's interest payments on its debt are well covered by EBIT (14x coverage).