Borr Drilling Limited

NYSE:BORR Stock Report

Market Cap: US$885.0m

Borr Drilling Balance Sheet Health

Financial Health criteria checks 1/6

Borr Drilling has a total shareholder equity of $988.2M and total debt of $2.0B, which brings its debt-to-equity ratio to 202.2%. Its total assets and total liabilities are $3.3B and $2.4B respectively. Borr Drilling's EBIT is $353.1M making its interest coverage ratio 1.7. It has cash and short-term investments of $185.7M.

Key information

202.2%

Debt to equity ratio

US$2.00b

Debt

Interest coverage ratio1.7x
CashUS$185.70m
EquityUS$988.20m
Total liabilitiesUS$2.36b
Total assetsUS$3.34b

Recent financial health updates

Recent updates

Borr Drilling: 3 Reasons To Look Beyond The Current Selloff

Nov 25

Borr Drilling: Back Into Value Territory After The Sell-Off

Nov 05

Borr Drilling: Upgrading On A Strong Outlook And Commitment To Capital Returns - Buy

Aug 19

Borr Drilling: Generous Dividend Increase Is A Strong Sign Of Confidence - Hold

Jun 09

Borr Drilling: Downgrading On Potential Saudi Aramco Jackup Market Impact

Mar 30

Borr Drilling: Fundamentals Remain Strong

Mar 15

Borr Drilling: Record Profits Ahead As Rig Fleet Is Sold Out

Feb 08

Borr Drilling: Still Undervalued, But The Easy Money Has Already Been Made

Jan 05

Borr Drilling: Jackup Market Expected To Remain Strong - Buy

Dec 16

Borr Drilling: The Rating Agencies Are Turning Positive Too

Nov 15

Borr Drilling - Refinancing Terms Disappoint But Weakness Seems Overdone

Nov 07

Borr Drilling: The Jack-Ups Orderbook Is At 20-Year Lows

Sep 11

Borr Drilling: Q2 Results And Outlook Disappoint - Buy On Weakness

Aug 18

Borr Drilling: Accelerated Refinancing Could Provide A Near-Term Catalyst - Buy

Jun 05

Borr Drilling: Impressive Results And Outlook - Buy

Jan 25

Borr Drilling rises after bagging contracts for jack-up drilling rigs

Dec 30

Borr Drilling GAAP EPS of -$0.30, revenue of $107.9M; updated FY22 guidance

Nov 17

Borr Drilling: Strong Progress Expected In 2023 And 2024

Oct 14

Borr Drilling GAAP EPS of -$1.09, revenue of $105.3M

Aug 09

Financial Position Analysis

Short Term Liabilities: BORR's short term assets ($582.6M) exceed its short term liabilities ($413.0M).

Long Term Liabilities: BORR's short term assets ($582.6M) do not cover its long term liabilities ($1.9B).

Debt to Equity History and Analysis

Debt Level: BORR's net debt to equity ratio (183.4%) is considered high.

Reducing Debt: BORR's debt to equity ratio has increased from 117.4% to 202.2% over the past 5 years.

Debt Coverage: BORR's debt is not well covered by operating cash flow (0.1%).

Interest Coverage: BORR's interest payments on its debt are not well covered by EBIT (1.7x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 13:39
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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

Borr Drilling Limited is covered by 12 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gregory LewisBTIG
Haithum NoktaClarksons Platou Securities
Steffen EvjenDanske Bank