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
Recent updates
Drilling Tools International (NASDAQ:DTI) Posted Weak Earnings But There Is More To Worry About
Aug 16
Does 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).