Odfjell Drilling Balance Sheet Health
Financial Health criteria checks 4/6
Odfjell Drilling has a total shareholder equity of $1.4B and total debt of $654.8M, which brings its debt-to-equity ratio to 46.6%. Its total assets and total liabilities are $2.2B and $820.7M respectively. Odfjell Drilling's EBIT is $155.2M making its interest coverage ratio 2.2. It has cash and short-term investments of $111.1M.
Key information
46.6%
Debt to equity ratio
US$654.80m
Debt
| Interest coverage ratio | 2.2x |
| Cash | US$111.10m |
| Equity | US$1.41b |
| Total liabilities | US$820.70m |
| Total assets | US$2.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ODFJ.F's short term assets ($228.8M) exceed its short term liabilities ($227.8M).
Long Term Liabilities: ODFJ.F's short term assets ($228.8M) do not cover its long term liabilities ($592.9M).
Debt to Equity History and Analysis
Debt Level: ODFJ.F's net debt to equity ratio (38.7%) is considered satisfactory.
Reducing Debt: ODFJ.F's debt to equity ratio has reduced from 138.7% to 46.6% over the past 5 years.
Debt Coverage: ODFJ.F's debt is well covered by operating cash flow (42.4%).
Interest Coverage: ODFJ.F's interest payments on its debt are not well covered by EBIT (2.2x coverage).