Diamond Offshore Drilling OLD (Diamond Offshore Drilling OLD) Debt-to-Equity : 0.58 (As of Dec. 2021)

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What is Diamond Offshore Drilling OLD Debt-to-Equity?

Diamond Offshore Drilling OLD's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was $31.86 Mil. Diamond Offshore Drilling OLD's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was $414.60 Mil. Diamond Offshore Drilling OLD's Total Stockholders Equity for the quarter that ended in Dec. 2021 was $767.71 Mil. Diamond Offshore Drilling OLD's debt to equity for the quarter that ended in Dec. 2021 was 0.58.

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 Diamond Offshore Drilling OLD's Debt-to-Equity or its related term are showing as below:

DODRW' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.5 Max: 0.73
Current: 0.58

During the past 13 years, the highest Debt-to-Equity Ratio of Diamond Offshore Drilling OLD was 0.73. The lowest was 0.00. And the median was 0.50.

DODRW's Debt-to-Equity is not ranked
in the Oil & Gas industry.
Industry Median: 0.45 vs DODRW: 0.58

Diamond Offshore Drilling OLD Debt-to-Equity Historical Data

The historical data trend for Diamond Offshore Drilling OLD'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.

Diamond Offshore Drilling OLD Debt-to-Equity Chart

Diamond Offshore Drilling OLD Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Equity

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0.52

0.55

0.62

0.58

Diamond Offshore Drilling OLD Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Debt-to-Equity	Get a 7-Day Free Trial															-	0.29	0.57	0.55	0.58

Competitive Comparison of Diamond Offshore Drilling OLD's Debt-to-Equity

For the Oil & Gas Drilling subindustry, Diamond Offshore Drilling OLD'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.

Diamond Offshore Drilling OLD's Debt-to-Equity Distribution in the Oil & Gas Industry

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

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

Diamond Offshore Drilling OLD Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Diamond Offshore Drilling OLD's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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
	=	(31.863	+	414.599)	/	767.705
	=	0.58

Diamond Offshore Drilling OLD's Debt to Equity Ratio for the quarter that ended in Dec. 2021 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
	=	(31.863	+	414.599)	/	767.705
	=	0.58

Diamond Offshore Drilling OLD (OTCPK:DODRW) 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.

Diamond Offshore Drilling OLD Debt-to-Equity Related Terms

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Diamond Offshore Drilling OLD (Diamond Offshore Drilling OLD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Diamond Offshore Drilling Inc. OLD (OTCPK:DODRW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

15415 Katy Freeway, Suite 100, Houston, TX, USA, 77094

Website

https://www.diamondoffshore.com

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.