Vantage Drilling International Balance Sheet Health
Financial Health criteria checks 4/6
Vantage Drilling International has a total shareholder equity of $219.7M and total debt of $216.9M, which brings its debt-to-equity ratio to 98.7%. Its total assets and total liabilities are $559.0M and $339.3M respectively.
Key information
98.7%
Debt to equity ratio
US$216.89m
Debt
| Interest coverage ratio | n/a |
| Cash | US$51.17m |
| Equity | US$219.69m |
| Total liabilities | US$339.27m |
| Total assets | US$558.96m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VDI's short term assets ($209.6M) exceed its short term liabilities ($115.4M).
Long Term Liabilities: VDI's short term assets ($209.6M) do not cover its long term liabilities ($223.9M).
Debt to Equity History and Analysis
Debt Level: VDI's net debt to equity ratio (75.4%) is considered high.
Reducing Debt: VDI's debt to equity ratio has reduced from 247.2% to 98.7% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: VDI has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: VDI has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of 39.2% each year.