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Diamond Offshore Drilling (Diamond Offshore Drilling) Net-Net Working Capital : $-4.53 (As of Dec. 2021)


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What is Diamond Offshore Drilling Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Diamond Offshore Drilling's Net-Net Working Capital for the quarter that ended in Dec. 2021 was $-4.53.

The industry rank for Diamond Offshore Drilling's Net-Net Working Capital or its related term are showing as below:

DOFSQ's Price-to-Net-Net-Working-Capital is not ranked *
in the Oil & Gas industry.
Industry Median: 5.265
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Diamond Offshore Drilling Net-Net Working Capital Historical Data

The historical data trend for Diamond Offshore Drilling's Net-Net Working Capital 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 Net-Net Working Capital Chart

Diamond Offshore Drilling Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -13.85 -13.58 -16.61 -17.87 -4.53

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
Net-Net Working Capital 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 -17.87 -19.14 -5.14 -4.76 -4.53

Competitive Comparison of Diamond Offshore Drilling's Net-Net Working Capital

For the Oil & Gas Drilling subindustry, Diamond Offshore Drilling's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital 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 Price-to-Net-Net-Working-Capital Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Diamond Offshore Drilling's Price-to-Net-Net-Working-Capital falls into.



Diamond Offshore Drilling Net-Net Working Capital Calculation

Diamond Offshore Drilling's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2021 is calculated as

Net-Net Working Capital(A: Dec. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(38.388+0.75 * 130.021+0.5 * 3.716-763.735
-0-0)/138.054
=-4.53

Diamond Offshore Drilling's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2021 is calculated as

Net-Net Working Capital(Q: Dec. 2021 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(38.388+0.75 * 130.021+0.5 * 3.716-763.735
-0-0)/138.054
=-4.53

* 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.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.


Diamond Offshore Drilling  (OTCPK:DOFSQ) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


Diamond Offshore Drilling Net-Net Working Capital 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

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