Seadrill (Seadrill) Interest Expense

: $-58 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Seadrill's interest expense for the three months ended in Dec. 2023 was $ -15 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-58 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Seadrill's Operating Income for the three months ended in Dec. 2023 was $ 55 Mil. Seadrill's Interest Expense for the three months ended in Dec. 2023 was $ -15 Mil. Seadrill's Interest Coverage for the quarter that ended in Dec. 2023 was 3.67. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Seadrill Interest Expense Historical Data

The historical data trend for Seadrill's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Seadrill Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-421.00

-398.00

-109.00

-59.00

Seadrill Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial							-	-16.00	-12.00	-15.00	-15.00

Seadrill Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-58 Mil.

Seadrill (NYSE:SDRL) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Seadrill's Interest Expense for the three months ended in Dec. 2023 was $-15 Mil. Its Operating Income for the three months ended in Dec. 2023 was $55 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $608 Mil.

Seadrill's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	55	/	-15
	=	3.67

The higher the ratio, the stronger the company's financial strength is.

Seadrill (Seadrill) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Seadrill Ltd (NYSE:SDRL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SDRLo:Sweden SDRL:Norway SDRMo:UK P4F:Germany

Address

566 Chiswick High Road, Chiswick Business Park, Building 11, 2nd Floor, London, GBR, W4 5YS

Website

https://www.seadrill.com

Seadrill Ltd is an offshore drilling contractor company. It engages in providing worldwide offshore drilling services to the oil and gas industry. Its primary business is the ownership and operation of drillships, semi-submersible rigs, and jack-up rigs for operations in shallow to ultra-deepwater areas in both benign and harsh environments. It has three segments Harsh environment, Floaters and Jackups.