Borr Drilling (OSL:BORR) Debt-to-Equity : 1.73 (As of Dec. 2023)

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What is Borr Drilling Debt-to-Equity?

Borr Drilling's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr880 Mil. Borr Drilling's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr17,077 Mil. Borr Drilling's Total Stockholders Equity for the quarter that ended in Dec. 2023 was kr10,381 Mil. Borr Drilling's debt to equity for the quarter that ended in Dec. 2023 was 1.73.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Borr Drilling's Debt-to-Equity or its related term are showing as below:

OSL:BORR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 1.73 Max: 2.15
Current: 1.73

During the past 8 years, the highest Debt-to-Equity Ratio of Borr Drilling was 2.15. The lowest was 0.06. And the median was 1.73.

OSL:BORR's Debt-to-Equity is ranked worse than
87.23% of 830 companies
in the Oil & Gas industry
Industry Median: 0.435 vs OSL:BORR: 1.73

Borr Drilling Debt-to-Equity Historical Data

The historical data trend for Borr Drilling's Debt-to-Equity 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.

Borr Drilling Debt-to-Equity Chart

Borr Drilling Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.32

1.84

2.15

1.82

1.73

Borr Drilling Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.82	1.99	1.81	1.78	1.73

Competitive Comparison of Borr Drilling's Debt-to-Equity

For the Oil & Gas Drilling subindustry, Borr Drilling's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Borr Drilling's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Borr Drilling's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Borr Drilling's Debt-to-Equity falls into.

Borr Drilling Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Borr Drilling's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(879.82	+	17077.369)	/	10380.61
	=	1.73

Borr Drilling's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(879.82	+	17077.369)	/	10380.61
	=	1.73

Borr Drilling (OSL:BORR) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Borr Drilling Debt-to-Equity Related Terms

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Borr Drilling (OSL:BORR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Borr Drilling Ltd (OSL:BORR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BORR:USA BDRILLo:Sweden BORRo:UK 0BDR:UK B2W:Germany

Address

9 Par-la-Ville Road, S.E. Pearman Building, 2nd Floor, Hamilton, BMU, HM11

Website

http://www.borrdrilling.com

Borr Drilling Ltd is a drilling contractor that owns and operates jack-up rigs of modern and high-specification designs providing drilling services to the oil and gas exploration and production industry. The company operates a fleet of 16 jack-up drilling rigs. Geographically the activities are carried out through Norway.