Shelf Drilling Balance Sheet Health
Financial Health criteria checks 2/6
Shelf Drilling has a total shareholder equity of $372.8M and total debt of $1.4B, which brings its debt-to-equity ratio to 372.7%. Its total assets and total liabilities are $2.1B and $1.7B respectively. Shelf Drilling's EBIT is $207.8M making its interest coverage ratio 103.9. It has cash and short-term investments of $138.3M.
Key information
372.7%
Debt to equity ratio
US$1.39b
Debt
| Interest coverage ratio | 103.9x |
| Cash | US$138.30m |
| Equity | US$372.80m |
| Total liabilities | US$1.74b |
| Total assets | US$2.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SHLL.F's short term assets ($452.0M) exceed its short term liabilities ($338.7M).
Long Term Liabilities: SHLL.F's short term assets ($452.0M) 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 (335.6%) is considered high.
Reducing Debt: SHLL.F's debt to equity ratio has increased from 132.8% to 372.7% over the past 5 years.
Debt Coverage: SHLL.F's debt is not well covered by operating cash flow (7.1%).
Interest Coverage: SHLL.F's interest payments on its debt are well covered by EBIT (103.9x coverage).