Diamond Offshore Drilling Financial Health
How is Diamond Offshore Drilling's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: DO's short term assets ($300.7M) exceed its short term liabilities ($231.5M).
Long Term Liabilities: DO's short term assets ($300.7M) do not cover its long term liabilities ($562.1M).
Debt to Equity History and Analysis
Debt Level: DO's net debt to equity ratio (42.9%) is considered high.
Reducing Debt: DO's debt to equity ratio has reduced from 51.8% to 46% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: DO has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if DO has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.