Drilling Tools International Balance Sheet Health
Financial Health criteria checks 5/6
Drilling Tools International has a total shareholder equity of $91.5M and total debt of $25.0M, which brings its debt-to-equity ratio to 27.3%. Its total assets and total liabilities are $167.0M and $75.4M respectively. Drilling Tools International's EBIT is $25.1M making its interest coverage ratio 37.8. It has cash and short-term investments of $15.2M.
Key information
27.3%
Debt to equity ratio
US$25.00m
Debt
Interest coverage ratio | 37.8x |
Cash | US$15.19m |
Equity | US$91.51m |
Total liabilities | US$75.44m |
Total assets | US$166.95m |
Recent financial health updates
No updates
Recent updates
DTI 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 ($65.6M) exceed its short term liabilities ($34.1M).
Long Term Liabilities: DTI's short term assets ($65.6M) exceed its long term liabilities ($41.3M).
Debt to Equity History and Analysis
Debt Level: DTI's net debt to equity ratio (10.7%) 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 (93.3%).
Interest Coverage: DTI's interest payments on its debt are well covered by EBIT (37.8x coverage).