Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Diamond Offshore Drilling's cash to debt ratio for the quarter that ended in Mar. 2022 was 0.12.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Diamond Offshore Drilling couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2022.
The historical rank and industry rank for Diamond Offshore Drilling's Cash-to-Debt or its related term are showing as below:
DO'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.12 Max: 0.12
Current: 0.12
During the past 0 years, Diamond Offshore Drilling's highest Cash to Debt Ratio was 0.12. The lowest was 0.12. And the median was 0.12.
DO's Cash-to-Debt is ranked worse than 77.98% of 1040
companies
in the Oil & Gas industry
Industry Median: 0.50
vs DO: 0.12
Diamond Offshore Drilling Cash-to-Debt Historical Data
The historical data trend for Diamond Offshore Drilling's Cash-to-Debt 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.
* Premium members only.
Diamond Offshore Drilling Annual Data
Trend
Cash-to-Debt
Diamond Offshore Drilling Semi-Annual Data
Mar21
Mar22
Cash-to-Debt
N/A
0.12
Competitive Comparison
For the Oil & Gas Drilling subindustry, Diamond Offshore Drilling's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Diamond Offshore Drilling Cash-to-Debt Distribution
For the Oil & Gas industry and Energy sector, Diamond Offshore Drilling's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Diamond Offshore Drilling's Cash-to-Debt falls into.
Diamond Offshore Drilling's Cash to Debt Ratio for the fiscal year that ended in . 20 is calculated as:
Do not have enough data to calculate Cash to Debt ratio.
Diamond Offshore Drilling's Cash to Debt Ratio for the quarter that ended in Mar. 2022 is calculated as:
Do not have enough data to calculate Cash to Debt ratio.
* 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.
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Diamond Offshore Drilling Cash-to-Debt Related Terms
Thank you for viewing the detailed overview of Diamond Offshore Drilling's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.
Diamond Offshore Drilling Inc is a leader in offshore drilling, providing contract drilling services to the energy industry around the globe with a total fleet of 12 offshore drilling rigs, consisting of eight semisubmersibles and four dynamically positioned drillships.
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