Diamond Offshore Drilling Balance Sheet Health
Financial Health criteria checks 2/6
Diamond Offshore Drilling has a total shareholder equity of $644.9M and total debt of $533.5M, which brings its debt-to-equity ratio to 82.7%. Its total assets and total liabilities are $1.7B and $1.1B respectively. Diamond Offshore Drilling's EBIT is $46.7M making its interest coverage ratio 0.9. It has cash and short-term investments of $124.5M.
Key information
82.7%
Debt to equity ratio
US$533.51m
Debt
| Interest coverage ratio | 0.9x |
| Cash | US$124.46m |
| Equity | US$644.85m |
| Total liabilities | US$1.07b |
| Total assets | US$1.71b |
Recent financial health updates
Recent updates
Diamond Offshore Drilling: Investors Should Look Beyond Recent Rig Incident Impact - Buy
Apr 09Unpleasant Surprises Could Be In Store For Diamond Offshore Drilling, Inc.'s (NYSE:DO) Shares
Mar 31
Is Diamond Offshore Drilling (NYSE:DO) Using Too Much Debt?
Feb 29Diamond Offshore Drilling: Eagerly Awaiting Earnings And Operational Updates
Feb 17A Look At The Intrinsic Value Of Diamond Offshore Drilling, Inc. (NYSE:DO)
Jan 24Investor Optimism Abounds Diamond Offshore Drilling, Inc. (NYSE:DO) But Growth Is Lacking
Dec 20Diamond Offshore Drilling - Significant Progress Expected In 2024 - Buy
Nov 28Diamond Offshore: Recontracting Provides Upside Potential Despite Risks
Nov 18Are Investors Undervaluing Diamond Offshore Drilling, Inc. (NYSE:DO) By 36%?
Oct 08Diamond Offshore Snags Comprehensive Debt Refinancing At Favorable Terms - Buy
Sep 13Diamond Offshore Drilling: Second Half Outlook Disappoints, Buy On Weakness
Aug 21Diamond Offshore Drilling: Priced For Growth And Perfection
Aug 05Diamond Offshore Drilling, Inc.'s (NYSE:DO) 27% Jump Shows Its Popularity With Investors
Apr 17Diamond Offshore Drilling Q4 2022 Earnings Preview
Feb 24Diamond Offshore Drilling GAAP EPS of $0.05 beats by $0.36, revenue of $226.07M beats by $44.68M
Nov 08Diamond Offshore: Aiming For A Strong 2023
Sep 09Diamond Offshore Drilling GAAP EPS of -$0.22, revenue of $205.7M
Aug 10Diamond Offshore: Buy The Last Domino In The Energy Supercycle
Jun 12Financial Position Analysis
Short Term Liabilities: DO's short term assets ($457.4M) exceed its short term liabilities ($296.2M).
Long Term Liabilities: DO's short term assets ($457.4M) do not cover its long term liabilities ($771.6M).
Debt to Equity History and Analysis
Debt Level: DO's net debt to equity ratio (63.4%) is considered high.
Reducing Debt: DO's debt to equity ratio has increased from 55.1% to 82.7% over the past 5 years.
Balance Sheet
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.