Seadrill Balance Sheet Health
Financial Health criteria checks 6/6
Seadrill has a total shareholder equity of $3.0B and total debt of $608.0M, which brings its debt-to-equity ratio to 20.4%. Its total assets and total liabilities are $4.2B and $1.2B respectively. Seadrill's EBIT is $339.0M making its interest coverage ratio 14.1. It has cash and short-term investments of $697.0M.
Key information
20.4%
Debt to equity ratio
US$608.00m
Debt
Interest coverage ratio | 14.1x |
Cash | US$697.00m |
Equity | US$2.98b |
Total liabilities | US$1.24b |
Total assets | US$4.22b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: SDRL's short term assets ($1.2B) exceed its short term liabilities ($389.0M).
Long Term Liabilities: SDRL's short term assets ($1.2B) exceed its long term liabilities ($846.0M).
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 232.2% to 20.4% over the past 5 years.
Debt Coverage: SDRL's debt is well covered by operating cash flow (47.2%).
Interest Coverage: SDRL's interest payments on its debt are well covered by EBIT (14.1x coverage).