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Diamond Offshore Drilling (Diamond Offshore Drilling) Current Ratio : 1.17 (As of Dec. 2021)


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What is Diamond Offshore Drilling Current Ratio?

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Diamond Offshore Drilling's current ratio for the quarter that ended in Dec. 2021 was 1.17.

Diamond Offshore Drilling has a current ratio of 1.17. It generally indicates good short-term financial strength.

The historical rank and industry rank for Diamond Offshore Drilling's Current Ratio or its related term are showing as below:

DOFSQ's Current Ratio is not ranked *
in the Oil & Gas industry.
Industry Median: 1.34
* Ranked among companies with meaningful Current Ratio only.

Diamond Offshore Drilling Current Ratio Historical Data

The historical data trend for Diamond Offshore Drilling's Current Ratio 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 Current Ratio Chart

Diamond Offshore Drilling Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.97 3.32 1.58 3.10 1.17

Diamond Offshore Drilling Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.10 0.75 1.28 1.33 1.17

Competitive Comparison of Diamond Offshore Drilling's Current Ratio

For the Oil & Gas Drilling subindustry, Diamond Offshore Drilling's Current Ratio, along with its competitors' market caps and Current Ratio 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's Current Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Diamond Offshore Drilling's Current Ratio distribution charts can be found below:

* The bar in red indicates where Diamond Offshore Drilling's Current Ratio falls into.



Diamond Offshore Drilling Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

Diamond Offshore Drilling's Current Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Current Ratio (A: Dec. 2021 )=Total Current Assets (A: Dec. 2021 )/Total Current Liabilities (A: Dec. 2021 )
=271.504/232.762
=1.17

Diamond Offshore Drilling's Current Ratio for the quarter that ended in Dec. 2021 is calculated as

Current Ratio (Q: Dec. 2021 )=Total Current Assets (Q: Dec. 2021 )/Total Current Liabilities (Q: Dec. 2021 )
=271.504/232.762
=1.17

* 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.


Diamond Offshore Drilling  (OTCPK:DOFSQ) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


Diamond Offshore Drilling Current Ratio Related Terms

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Diamond Offshore Drilling (Diamond Offshore Drilling) Business Description

Traded in Other Exchanges
Address
15415 Katy Freeway, Suite 100, Houston, TX, USA, 77094
Diamond Offshore Drilling Inc. OLD provides contract drilling services to the energy industry around the globe with a fleet of 14 offshore drilling rigs, consisting of four drillships and eight owned semisubmersible rigs and two managed rigs. It generates revenues from the U.S, Senegal, Spain Brazil, the UK, Australia, Malaysia and other countries.
Executives
Scott Lee Kornblau officer: Senior Vice President - CFO 15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Edwards Marc Gerard Rex director, officer: President and C.E.O. 15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Ronald Woll officer: Executive Vice President-COO 15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
David L Roland officer: SVP, General Counsel and Sec 15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Dominic A Savarino officer: VP and Chief Acct/Tax Officer 15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Paul G Gaffney director 400 CEDAR AVENUE, WEST LONG BRANCH NJ 07764
Thomas Roth officer: Senior Vice President 15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Beth G Gordon officer: Controller 15415 KATY FREEWAY STE 100, HOUSTON TX 77094
Peter Mcteague director 15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Alan H Howard director
Andrew H Tisch director 667 MADISON AVE, NEW YORK NY 10021-8087
Edward Grebow director
Clifford M Sobel director 171 MAIN STREET, HACKENSACK NJ 07601
James S Tisch director 667 MADISON AVE, NEW YORK NY 10021
Anatol Feygin director 700 MILAM STREET, SUITE 1900, HOUSTON TX 77002