Transocean Balance Sheet Health

Financial Health criteria checks 3/6

Transocean has a total shareholder equity of $10.4B and total debt of $7.4B, which brings its debt-to-equity ratio to 71.2%. Its total assets and total liabilities are $20.3B and $9.8B respectively.

Key information

71.2%

Debt to equity ratio

US$7.41b

Debt

Interest coverage ration/a
CashUS$762.00m
EquityUS$10.42b
Total liabilitiesUS$9.84b
Total assetsUS$20.25b

Recent financial health updates

Recent updates

Transocean: The Picture Is Looking Up, But It's Too Early To Get Excited

Mar 26

What You Can Learn From Transocean Ltd.'s (NYSE:RIG) P/S

Mar 13
What You Can Learn From Transocean Ltd.'s (NYSE:RIG) P/S

Transocean: 2024 Not Off To A Good Start

Mar 11

Transocean: Lowering Estimates After Disappointing 2024 Outlook - Hold

Feb 21

Transocean: Improving Liquidity, Deleveraging, And Potential Profitability

Feb 05

Transocean (NYSE:RIG) Has Debt But No Earnings; Should You Worry?

Jan 24
Transocean (NYSE:RIG) Has Debt But No Earnings; Should You Worry?

Transocean: Levered Bet On Deepwater Offshore

Jan 19

Transocean Continues To Face Challenges With Profitability

Jan 13

Transocean: 5 Reasons To Be Bullish Into 2024

Dec 27

Transocean: Set To Rise In 2024

Dec 13

Transocean Stock: Bulls, Do Not Despair

Nov 25

Transocean Has Had Its Ride Higher Already

Nov 17

Transocean - Downgrading On More Gradual Industry Recovery Assumptions - Hold

Nov 02

Transocean: Uninspiring Fleet Status Report Not Likely To Provide A Catalyst - Buy On Weakness

Oct 23

Transocean: Drill Baby Drill

Oct 13

Transocean: May Soar By 200% In The Next 36 Months

Oct 03

Transocean Acquires Newbuild Drillship Following $486 Million Long-Term Contract Award - Buy

Sep 15

Is Transocean (NYSE:RIG) Using Too Much Debt?

Sep 14
Is Transocean (NYSE:RIG) Using Too Much Debt?

Transocean: Deleveraging Story Becomes Clearer

Sep 02

Transocean: Let's Do The Convertible Bond Math

Aug 21

Transocean: Solid Quarter And Great Long-Term Outlook, Buy

Aug 02

Transocean's Fleet Status Report Indicates A Healthy Backlog

Jul 26

Calculating The Fair Value Of Transocean Ltd. (NYSE:RIG)

Jul 10
Calculating The Fair Value Of Transocean Ltd. (NYSE:RIG)

Transocean Gets A New Contract, Wider Recovery Expected

Jul 03

Transocean's Improving Prospects Are Not Reflected In Its Stock Price

Jun 21

Transocean: A Great Trading Tool, But Not Much More

Jun 14

Is Transocean (NYSE:RIG) Using Too Much Debt?

Jun 04
Is Transocean (NYSE:RIG) Using Too Much Debt?

Shareholders Should Be Pleased With Transocean Ltd.'s (NYSE:RIG) Price

Apr 17
Shareholders Should Be Pleased With Transocean Ltd.'s (NYSE:RIG) Price

Is Transocean (NYSE:RIG) A Risky Investment?

Mar 01
Is Transocean (NYSE:RIG) A Risky Investment?

Transocean: Post Earnings Sell-Off Provides Buying Opportunity

Feb 23

Transocean invests in GSR and offers rig for exploration work

Feb 09

Transocean's Dhirubhai drillship contracted for 900+ days in Brazil

Jan 31

Transocean: The Cold Stacked Rigs May Be The Next Question

Jan 24

Transocean unit commences $1.75B senior secured notes offering

Jan 17

Transocean commences $500M senior secured notes offering

Jan 09

Transocean's Backlog Increased Again - Revenue Rise Likely

Dec 20

Transocean bags 2 contracts for its drillships worth over $1B

Dec 07

Transocean (NYSE:RIG) Has A Somewhat Strained Balance Sheet

Dec 01
Transocean (NYSE:RIG) Has A Somewhat Strained Balance Sheet

Transocean: Shares Rally After Management Promises To Abstain From Further Near-Term Dilution

Nov 04

Transocean: Strong Fleet Status Report But Issues Remain

Oct 17

Transocean Shares Have Just Plunged Substantially But Have Upside Potential

Sep 27

Transocean - Debt And Liquidity Issues In The Spotlight Again

Sep 16

Transocean secures $181M in contracts for Deepwater Asgard

Sep 07

Transocean Non-GAAP EPS of -$0.10 beats by $0.04, revenue of $722M beats by $31.03M

Aug 01

Transocean: Industry Recovery Is Gaining Further Traction - Buy

Jul 26

Is Transocean (NYSE:RIG) Using Debt In A Risky Way?

Jul 18
Is Transocean (NYSE:RIG) Using Debt In A Risky Way?

Transocean Is Better Valued Than Valaris - 2 Companies In An Undervalued Industry

Jul 15

Is Now A Good Time To Buy Transocean Stock?

Jun 08

Transocean: Offshore Drilling Recovery Is Gaining Some Real Traction - Buy

May 04

Transocean: Trouble Ahead After Equinor's Surprise Decision To Release The First CAT-D Rig Ahead Of Schedule

Apr 26

Transocean: Show Me The Money

Apr 05

Financial Position Analysis

Short Term Liabilities: RIG's short term assets ($2.1B) exceed its short term liabilities ($1.4B).

Long Term Liabilities: RIG's short term assets ($2.1B) do not cover its long term liabilities ($8.4B).


Debt to Equity History and Analysis

Debt Level: RIG's net debt to equity ratio (63.9%) is considered high.

Reducing Debt: RIG's debt to equity ratio has reduced from 72.2% to 71.2% 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: RIG has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if RIG has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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