Shelf Drilling Balance Sheet Health
Financial Health criteria checks 2/6
Shelf Drilling has a total shareholder equity of $399.5M and total debt of $1.3B, which brings its debt-to-equity ratio to 330.4%. Its total assets and total liabilities are $2.1B and $1.7B respectively. Shelf Drilling's EBIT is $225.5M making its interest coverage ratio -322.1. It has cash and short-term investments of $101.6M.
Key information
330.4%
Debt to equity ratio
US$1.32b
Debt
Interest coverage ratio | -322.1x |
Cash | US$101.60m |
Equity | US$399.50m |
Total liabilities | US$1.72b |
Total assets | US$2.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SHLL.F's short term assets ($441.2M) exceed its short term liabilities ($343.3M).
Long Term Liabilities: SHLL.F's short term assets ($441.2M) do not cover its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: SHLL.F's net debt to equity ratio (305%) is considered high.
Reducing Debt: SHLL.F's debt to equity ratio has increased from 153.8% to 330.4% over the past 5 years.
Debt Coverage: SHLL.F's debt is not well covered by operating cash flow (11.4%).
Interest Coverage: SHLL.F earns more interest than it pays, so coverage of interest payments is not a concern.