Vantage Drilling International Balance Sheet Health
Financial Health criteria checks 5/6
Vantage Drilling International has a total shareholder equity of $243.6M and total debt of $190.7M, which brings its debt-to-equity ratio to 78.3%. Its total assets and total liabilities are $541.4M and $297.8M respectively. Vantage Drilling International's EBIT is $37.1M making its interest coverage ratio 1.9. It has cash and short-term investments of $56.1M.
Key information
78.3%
Debt to equity ratio
US$190.70m
Debt
Interest coverage ratio | 1.9x |
Cash | US$56.12m |
Equity | US$243.56m |
Total liabilities | US$297.81m |
Total assets | US$541.38m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VTDR.F's short term assets ($213.8M) exceed its short term liabilities ($92.9M).
Long Term Liabilities: VTDR.F's short term assets ($213.8M) exceed its long term liabilities ($204.9M).
Debt to Equity History and Analysis
Debt Level: VTDR.F's net debt to equity ratio (55.3%) is considered high.
Reducing Debt: VTDR.F had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: VTDR.F has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: VTDR.F has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 31.4% each year