Diamond Offshore Drilling (NYSE:DO) Debt-to-EBITDA

: 3.52 (As of Jun. 2023)

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Debt-to-EBITDA measures a company's ability to pay off its debt.

Diamond Offshore Drilling's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $23 Mil. Diamond Offshore Drilling's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $488 Mil. Diamond Offshore Drilling's annualized EBITDA for the quarter that ended in Jun. 2023 was $145 Mil. Diamond Offshore Drilling's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 was 3.52.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

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

DO' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.26 Med: 13.64 Max: 13.64
Current: 0.26

During the past 3 years, the highest Debt-to-EBITDA Ratio of Diamond Offshore Drilling was 13.64. The lowest was 0.26. And the median was 13.64.

DO's Debt-to-EBITDA is ranked better than
86.94% of 712 companies
in the Oil & Gas industry
Industry Median: 1.65 vs DO: 0.26

Diamond Offshore Drilling Debt-to-EBITDA Historical Data

The historical data trend for Diamond Offshore Drilling's Debt-to-EBITDA 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

Dec20

Dec21

Dec22

Debt-to-EBITDA

N/A

13.64

Diamond Offshore Drilling Quarterly Data
	Dec20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-EBITDA					6.85	-5.26	0.07	5.81	3.52

Competitive Comparison

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

Annual Data Quarterly Data

Diamond Offshore Drilling Debt-to-EBITDA Distribution

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

* The bar in red indicates where Diamond Offshore Drilling's Debt-to-EBITDA falls in comparison to its industry or sector. The grey bar indicates the Debt-to-EBITDA's extreme value range as defined by GuruFocus.

Diamond Offshore Drilling Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Diamond Offshore Drilling's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(30.445	+	492.037)	/	38.295
	=	13.64

Diamond Offshore Drilling's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(22.517	+	488.358)	/	145.276
	=	3.52

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jun. 2023) EBITDA data.

Diamond Offshore Drilling (NYSE:DO) Debt-to-EBITDA Explanation

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

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Diamond Offshore Drilling Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Diamond Offshore Drilling's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Diamond Offshore Drilling (NYSE:DO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Diamond Offshore Drilling Inc (NYSE:DO) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

15415 Katy Freeway, Houston, TX, USA, 77094

Website

http://www.diamondoffshore.com

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.

Executives

Patrice D Douglas	director	1712 CROSSBOW, EDMOND OK 73034
Benjamin Duster	director	200 E. 84ST, 8TH FLOOR, NEW YORK NY 10028
Ane Launy	director	15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Patrick Carey Lowe	director	6 CHESTERFIELD GARDENS, 3RD FLOOR, LONDON X0 W1J 5BQ
Adam C Peakes	director	13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Bernie G. Wolford	director, officer: President and CEO	15415 KATY FREEWAY, SUITE 100, HOUSTON TX 770904
Neal P Goldman	director	10700 PARKRIDGE BLVD., RESTON VA 20191
John Hollowell	director	ONE SHELL PLAZA, 910 LOUISIANA STREET, HOUSTON TX 77002
Raj Iyer	director	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
Alan H Howard	director
Peter Mcteague	director	15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Anatol Feygin	director	700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Scott Lee Kornblau	officer: Acting Chief Financial Officer	15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Thomas Roth	officer: Senior Vice President	15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094