Sea1 Offshore Balance Sheet Health
Financial Health criteria checks 6/6
Sea1 Offshore has a total shareholder equity of $702.2M and total debt of $319.5M, which brings its debt-to-equity ratio to 45.5%. Its total assets and total liabilities are $1.2B and $543.7M respectively. Sea1 Offshore's EBIT is $102.9M making its interest coverage ratio 4.5. It has cash and short-term investments of $85.9M.
Key information
45.5%
Debt to equity ratio
US$319.54m
Debt
| Interest coverage ratio | 4.5x |
| Cash | US$85.94m |
| Equity | US$702.17m |
| Total liabilities | US$543.67m |
| Total assets | US$1.25b |
Recent financial health updates
Siem Offshore (OB:SIOFF) Has A Pretty Healthy Balance Sheet
Mar 24
Is Siem Offshore (OB:SIOFF) Using Too Much Debt?
Dec 15Siem Offshore (OB:SIOFF) Seems To Use Debt Quite Sensibly
Aug 30We Think Siem Offshore (OB:SIOFF) Is Taking Some Risk With Its Debt
Feb 25Here's Why Siem Offshore (OB:SIOFF) Has A Meaningful Debt Burden
Sep 21Is Siem Offshore (OB:SIOFF) A Risky Investment?
Jun 04Recent updates
There Is A Reason Sea1 Offshore Inc.'s (OB:SEA1) Price Is Undemanding
Aug 22If EPS Growth Is Important To You, Sea1 Offshore (OB:SEA1) Presents An Opportunity
Aug 06Benign Growth For Sea1 Offshore Inc. (OB:SEA1) Underpins Its Share Price
May 22With EPS Growth And More, Siem Offshore (OB:SIOFF) Makes An Interesting Case
Apr 20Siem Offshore (OB:SIOFF) Has A Pretty Healthy Balance Sheet
Mar 24Is Siem Offshore (OB:SIOFF) Using Too Much Debt?
Dec 15Returns At Siem Offshore (OB:SIOFF) Are On The Way Up
Nov 25With EPS Growth And More, Siem Offshore (OB:SIOFF) Makes An Interesting Case
Sep 21Siem Offshore (OB:SIOFF) Seems To Use Debt Quite Sensibly
Aug 30Siem Offshore's (OB:SIOFF) Returns On Capital Are Heading Higher
Jul 11Siem Offshore (OB:SIOFF) Might Have The Makings Of A Multi-Bagger
Apr 01We Think Siem Offshore (OB:SIOFF) Is Taking Some Risk With Its Debt
Feb 25Investors Will Want Siem Offshore's (OB:SIOFF) Growth In ROCE To Persist
Dec 10Improved Earnings Required Before Siem Offshore Inc. (OB:SIOFF) Stock's 33% Jump Looks Justified
Oct 29Here's Why Siem Offshore (OB:SIOFF) Has A Meaningful Debt Burden
Sep 21Is Siem Offshore (OB:SIOFF) A Risky Investment?
Jun 04Siem Offshore (OB:SIOFF) Is Experiencing Growth In Returns On Capital
May 06Here's Why Siem Offshore (OB:SIOFF) Has A Meaningful Debt Burden
Mar 02Returns On Capital Are Showing Encouraging Signs At Siem Offshore (OB:SIOFF)
Jan 06Is Siem Offshore (OB:SIOFF) Using Too Much Debt?
Nov 05Siem Offshore's (OB:SIOFF) Robust Earnings Might Be Weaker Than You Think
Sep 02Siem Offshore (OB:SIOFF) Might Have The Makings Of A Multi-Bagger
Sep 01Auditors Are Concerned About Siem Offshore (OB:SIOFF)
Apr 29Siem Offshore's (OB:SIOFF) Returns On Capital Are Heading Higher
Mar 30Siem Offshore's (OB:SIOFF) Shareholders Are Down 73% On Their Shares
Feb 23Siem Offshore (OB:SIOFF) Takes On Some Risk With Its Use Of Debt
Jan 19
What These Trends Mean At Siem Offshore (OB:SIOFF)
Dec 15Financial Position Analysis
Short Term Liabilities: SEA1's short term assets ($529.0M) exceed its short term liabilities ($308.8M).
Long Term Liabilities: SEA1's short term assets ($529.0M) exceed its long term liabilities ($234.8M).
Debt to Equity History and Analysis
Debt Level: SEA1's net debt to equity ratio (33.3%) is considered satisfactory.
Reducing Debt: SEA1's debt to equity ratio has reduced from 252.8% to 45.5% over the past 5 years.
Debt Coverage: SEA1's debt is well covered by operating cash flow (40.6%).
Interest Coverage: SEA1's interest payments on its debt are well covered by EBIT (4.5x coverage).