Valaris Balance Sheet Health
Financial Health criteria checks 5/6
Valaris has a total shareholder equity of $2.0B and total debt of $1.1B, which brings its debt-to-equity ratio to 54%. Its total assets and total liabilities are $4.3B and $2.3B respectively. Valaris's EBIT is $41.1M making its interest coverage ratio -1.3. It has cash and short-term investments of $620.5M.
Key information
54.0%
Debt to equity ratio
US$1.08b
Debt
| Interest coverage ratio | -1.3x |
| Cash | US$620.50m |
| Equity | US$2.00b |
| Total liabilities | US$2.33b |
| Total assets | US$4.32b |
Recent financial health updates
Recent updates
Valaris: Buy Despite Near-Term Jackup Market Headwinds
Apr 02Valaris Limited: Promising Outlook As Meaningful FCF Commences
Feb 10Valaris: Weak Quarter, But Long-Term Prospects Remain Intact - Buy
Nov 21Valaris: Uncovering Cash Flow Potential To Buy Back Shares
Oct 05Valaris: Buy On Strong Medium-Term Earnings Outlook And Inexpensive Valuation
Aug 22Valaris: Shares Still Cheap
Jul 21Valaris Stock: Revenue And Profit Growth Trends Indicate Undervaluation
Jul 12Valaris: Upgrading Shares On Improved Financial Flexibility And Strong Buyback Commitment
Jun 05Valaris Q4 2022 Earnings Preview
Feb 20Valaris: Benefiting From Offshore Boom
Jan 29Valaris secures contract awards with backlog of roughly $275M
Dec 16Valaris Limited: Some Progress
Nov 08Valaris Q3 2022 Earnings Preview
Oct 31Valaris: Leveraging On Scale A Year After Bankruptcy
Oct 06Valaris says Matt Lyne has joined as new chief commercial officer
Sep 26Valaris announces $100M stock buyback program
Sep 08Valaris Q2 2022 Earnings Preview
Aug 01Valaris reports $466M in associated contract backlog, updates fleet status
Jul 05Valaris: Jackup Sale To ADES Is Great News
Apr 28Valaris Report Highlights The Current Situation With Long-Term Contracts
Feb 22Valaris Limited: A Decent Third Quarter
Nov 17Valaris Ltd.: Starting Again And Hoping For A New Outcome This Time
Oct 24Valaris (NYSE:VAL) Is In A Good Position To Deliver On Growth Plans
Aug 04
Valaris: Outlook Improves As Company Is Set To Reactivate Rigs
Aug 04Valaris awarded three year contract with Chevron
Jun 08Financial Position Analysis
Short Term Liabilities: VAL's short term assets ($1.3B) exceed its short term liabilities ($744.3M).
Long Term Liabilities: VAL's short term assets ($1.3B) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: VAL's net debt to equity ratio (23%) is considered satisfactory.
Reducing Debt: VAL's debt to equity ratio has reduced from 61.9% to 54% over the past 5 years.
Debt Coverage: VAL's debt is well covered by operating cash flow (24.8%).
Interest Coverage: VAL earns more interest than it pays, so coverage of interest payments is not a concern.