Shelf Drilling Balance Sheet Health
Financial Health criteria checks 2/6
Shelf Drilling has a total shareholder equity of $434.9M and total debt of $1.4B, which brings its debt-to-equity ratio to 320%. Its total assets and total liabilities are $2.2B and $1.7B respectively. Shelf Drilling's EBIT is $195.5M making its interest coverage ratio 13.9. It has cash and short-term investments of $220.1M.
Key information
320.0%
Debt to equity ratio
US$1.39b
Debt
| Interest coverage ratio | 13.9x |
| Cash | US$220.10m |
| Equity | US$434.90m |
| Total liabilities | US$1.72b |
| Total assets | US$2.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SHLL.F's short term assets ($528.1M) exceed its short term liabilities ($364.5M).
Long Term Liabilities: SHLL.F's short term assets ($528.1M) 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 (269.4%) is considered high.
Reducing Debt: SHLL.F's debt to equity ratio has increased from 143.6% to 320% over the past 5 years.
Debt Coverage: SHLL.F's debt is not well covered by operating cash flow (8.1%).
Interest Coverage: SHLL.F's interest payments on its debt are well covered by EBIT (13.9x coverage).