Shelf Drilling Balance Sheet Health
Financial Health criteria checks 2/6
Shelf Drilling has a total shareholder equity of $434.9M and total debt of $1.4B, which brings its debt-to-equity ratio to 320%. Its total assets and total liabilities are $2.2B and $1.7B respectively. Shelf Drilling's EBIT is $195.5M making its interest coverage ratio 13.9. It has cash and short-term investments of $220.1M.
Key information
320.0%
Debt to equity ratio
US$1.39b
Debt
| Interest coverage ratio | 13.9x |
| Cash | US$220.10m |
| Equity | US$434.90m |
| Total liabilities | US$1.72b |
| Total assets | US$2.16b |
Recent financial health updates
Is Shelf Drilling (OB:SHLF) Using Too Much Debt?
Apr 03
Shelf Drilling (OB:SHLF) Has A Somewhat Strained Balance Sheet
Oct 25These 4 Measures Indicate That Shelf Drilling (OB:SHLF) Is Using Debt In A Risky Way
Dec 16Shelf Drilling (OB:SHLF) Has A Somewhat Strained Balance Sheet
Jun 08Recent updates
Shelf Drilling's (OB:SHLF) Promising Earnings May Rest On Soft Foundations
Nov 21Shelf Drilling, Ltd.'s (OB:SHLF) 30% Dip In Price Shows Sentiment Is Matching Revenues
Nov 04Shelf Drilling, Ltd. (OB:SHLF) Looks Inexpensive After Falling 27% But Perhaps Not Attractive Enough
Aug 30Shelf Drilling, Ltd. (OB:SHLF) Just Reported Second-Quarter Earnings And Analysts Are Lifting Their Estimates
Aug 18There's No Escaping Shelf Drilling, Ltd.'s (OB:SHLF) Muted Revenues Despite A 32% Share Price Rise
May 30Shelf Drilling's (OB:SHLF) Solid Profits Have Weak Fundamentals
May 22Shelf Drilling, Ltd. (OB:SHLF) Not Doing Enough For Some Investors As Its Shares Slump 25%
Apr 05Is Shelf Drilling (OB:SHLF) Using Too Much Debt?
Apr 03We Think That There Are Issues Underlying Shelf Drilling's (OB:SHLF) Earnings
Nov 17Shelf Drilling, Ltd. Just Recorded A 8.9% Revenue Beat: Here's What Analysts Think
Aug 13Shelf Drilling, Ltd. (OB:SHLF) Screens Well But There Might Be A Catch
Jul 04Shelf Drilling (OB:SHLF) Has A Somewhat Strained Balance Sheet
Oct 25Shelf Drilling (OB:SHLF) May Have Issues Allocating Its Capital
Apr 12These 4 Measures Indicate That Shelf Drilling (OB:SHLF) Is Using Debt In A Risky Way
Dec 16Estimating The Fair Value Of Shelf Drilling, Ltd. (OB:SHLF)
Nov 08Shelf Drilling (OB:SHLF) May Have Issues Allocating Its Capital
Aug 14Shelf Drilling (OB:SHLF) Has A Somewhat Strained Balance Sheet
Jun 08Returns On Capital At Shelf Drilling (OB:SHLF) Paint A Concerning Picture
Apr 16Financial Position Analysis
Short Term Liabilities: SHLF's short term assets ($528.1M) exceed its short term liabilities ($364.5M).
Long Term Liabilities: SHLF's short term assets ($528.1M) do not cover its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: SHLF's net debt to equity ratio (269.4%) is considered high.
Reducing Debt: SHLF's debt to equity ratio has increased from 143.6% to 320% over the past 5 years.
Debt Coverage: SHLF's debt is not well covered by operating cash flow (8.1%).
Interest Coverage: SHLF's interest payments on its debt are well covered by EBIT (13.9x coverage).