Seadrill Balance Sheet Health
Financial Health criteria checks 6/6
Seadrill has a total shareholder equity of $2.9B and total debt of $610.0M, which brings its debt-to-equity ratio to 20.9%. Its total assets and total liabilities are $4.2B and $1.2B respectively. Seadrill's EBIT is $274.0M making its interest coverage ratio 9.8. It has cash and short-term investments of $566.0M.
Key information
20.9%
Debt to equity ratio
US$610.00m
Debt
| Interest coverage ratio | 9.8x |
| Cash | US$566.00m |
| Equity | US$2.91b |
| Total liabilities | US$1.24b |
| Total assets | US$4.15b |
Recent financial health updates
Recent updates
Seadrill: Potential M&A, Industry Tailwinds Will Support Growth Acceleration
Sep 23Seadrill: Short-Term Headwinds Provide Buying Opportunity
Sep 12Seadrill Q2 2024: Mixed Results, Exacerbated By A Lowered Guidance, Reiterate Buy
Aug 22Seadrill: Re-Contracting At Higher Dayrates Will Drive The Stock Price
Jul 29Seadrill: Expect More Buybacks Following Qatar Jackup Fleet Sale - Buy
Jun 04Investors Will Want Seadrill's (NYSE:SDRL) Growth In ROCE To Persist
May 28
Seadrill (NYSE:SDRL) Seems To Use Debt Quite Sensibly
Apr 03Seadrill: Prepare For Earnings Inflection Next Year, Buy
Mar 26Seadrill: Buy On Major Contract Awards And Material Share Repurchase Activity
Jan 04Seadrill: Investment Case Remains Compelling
Nov 30Seadrill Warns Of Near-Term Headwinds, But Long-Term Outlook Still Solid
Nov 01Seadrill: Bet On Rigs Deficit And Rising Oil Prices
Aug 29Seadrill: More Good News But Management Still Guarded, Buy On Weakness
Aug 21Seadrill: Appealing Valuation And Multiple Potential Catalysts
Jul 13Seadrill: Buy On Inexpensive Valuation While Waiting For Earnings Power To Unfold
May 24Seadrill agrees to acquire Aquadrill LLC for $958M in all-stock deal
Dec 23Seadrill sells all of its 35% stake in Paratus Energy Services
Oct 21Financial Position Analysis
Short Term Liabilities: SDRL's short term assets ($1.0B) exceed its short term liabilities ($410.0M).
Long Term Liabilities: SDRL's short term assets ($1.0B) exceed its long term liabilities ($829.0M).
Debt to Equity History and Analysis
Debt Level: SDRL's net debt to equity ratio (1.5%) is considered satisfactory.
Reducing Debt: SDRL's debt to equity ratio has reduced from 335.6% to 20.9% over the past 5 years.
Debt Coverage: SDRL's debt is well covered by operating cash flow (36.2%).
Interest Coverage: SDRL's interest payments on its debt are well covered by EBIT (9.8x coverage).