Seadrill (Seadrill) LT-Debt-to-Total-Asset

: 0.14 (As of Dec. 2023)

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LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Seadrill's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.14.

Seadrill's long-term debt to total assets ratio declined from Dec. 2022 (0.18) to Dec. 2023 (0.14). It may suggest that Seadrill is progressively becoming less dependent on debt to grow their business.

Seadrill LT-Debt-to-Total-Asset Historical Data

The historical data trend for Seadrill's LT-Debt-to-Total-Asset 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.

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Seadrill Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.65

0.11

0.18

0.14

Seadrill Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset								0.18	0.13	0.09	0.14	0.14

Seadrill LT-Debt-to-Total-Asset Calculation

Seadrill's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	608	/	4218
	=	0.14

Seadrill's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	608	/	4218
	=	0.14

Seadrill (NYSE:SDRL) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

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Seadrill (Seadrill) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Seadrill Ltd (NYSE:SDRL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SDRLo:Sweden SDRL:Norway SDRMo:UK P4F:Germany

Address

566 Chiswick High Road, Chiswick Business Park, Building 11, 2nd Floor, London, GBR, W4 5YS

Website

https://www.seadrill.com

Seadrill Ltd is an offshore drilling contractor company. It engages in providing worldwide offshore drilling services to the oil and gas industry. Its primary business is the ownership and operation of drillships, semi-submersible rigs, and jack-up rigs for operations in shallow to ultra-deepwater areas in both benign and harsh environments. It has three segments Harsh environment, Floaters and Jackups.