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
Not Many Are Piling Into Shelf Drilling, Ltd. (OB:SHLF) Stock Yet As It Plummets 36%
Dec 20Shelf 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 08Financial 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).
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 17:10 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Shelf Drilling, Ltd. is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Martin Karlsen | DNB Markets |
| James West | Evercore ISI |
| Truls Olsen | Fearnley Securities |