Drilling Tools International Balance Sheet Health
Financial Health criteria checks 5/6
Drilling Tools International has a total shareholder equity of $123.2M and total debt of $44.1M, which brings its debt-to-equity ratio to 35.8%. Its total assets and total liabilities are $218.8M and $95.7M respectively. Drilling Tools International's EBIT is $19.8M making its interest coverage ratio 9.6. It has cash and short-term investments of $12.0M.
Key information
35.8%
Debt to equity ratio
US$44.08m
Debt
| Interest coverage ratio | 9.6x |
| Cash | US$11.96m |
| Equity | US$123.19m |
| Total liabilities | US$95.65m |
| Total assets | US$218.84m |
Recent financial health updates
We Think Drilling Tools International (NASDAQ:DTI) Is Taking Some Risk With Its Debt
Dec 21
Does Drilling Tools International (NASDAQ:DTI) Have A Healthy Balance Sheet?
Jul 15Recent updates
We Think Drilling Tools International (NASDAQ:DTI) Is Taking Some Risk With Its Debt
Dec 21Drilling Tools International Slows Down While Relative Valuation Gets Expensive (Rating Downgrade)
Dec 08Drilling Tools International (NASDAQ:DTI) Posted Weak Earnings But There Is More To Worry About
Aug 16Does Drilling Tools International (NASDAQ:DTI) Have A Healthy Balance Sheet?
Jul 15DTI Has Better Margins And Lower Valuation Than Its Peers
May 15A Piece Of The Puzzle Missing From Drilling Tools International Corporation's (NASDAQ:DTI) 37% Share Price Climb
Apr 04Returns On Capital Are A Standout For Drilling Tools International (NASDAQ:DTI)
Feb 06Drilling Tools International (NASDAQ:DTI) Is Achieving High Returns On Its Capital
Jun 23Financial Position Analysis
Short Term Liabilities: DTI's short term assets ($68.7M) exceed its short term liabilities ($52.0M).
Long Term Liabilities: DTI's short term assets ($68.7M) exceed its long term liabilities ($43.7M).
Debt to Equity History and Analysis
Debt Level: DTI's net debt to equity ratio (26.1%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if DTI's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: DTI's debt is well covered by operating cash flow (35.3%).
Interest Coverage: DTI's interest payments on its debt are well covered by EBIT (9.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/21 19:16 |
| End of Day Share Price | 2025/01/21 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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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
Drilling Tools International Corporation is covered by 3 analysts. 3 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 |
|---|---|
| Jeffrey Grampp | Alliance Global Partners |
| Francis Lloyd Byrne | Jefferies LLC |
| Stephen Ferazani | Sidoti & Company, LLC |