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
Recent updates
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 ($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 (78.2%).
Interest Coverage: DTI's interest payments on its debt are well covered by EBIT (37.8x coverage).