Diamond Offshore Drilling has the Financial Strength Rank of 4.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.
Diamond Offshore Drilling did not have earnings to cover the interest expense.
Diamond Offshore Drilling's debt to revenue ratio for the quarter that ended in Mar. 2022 was 2.47.
As of today, Diamond Offshore Drilling's Altman Z-Score is 0.00.
Competitive Comparison
For the Oil & Gas Drilling subindustry, Diamond Offshore Drilling's Financial Strength, along with its competitors' market caps and Financial Strength 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 Financial Strength Distribution
For the Oil & Gas industry and Energy sector, Diamond Offshore Drilling's Financial Strength distribution charts can be found below:
* The bar in red indicates where Diamond Offshore Drilling's Financial Strength falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Diamond Offshore Drilling has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
* 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.
The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.
Diamond Offshore Drilling has the Financial Strength Rank of 4.
Diamond Offshore Drilling Financial Strength Related Terms
Thank you for viewing the detailed overview of Diamond Offshore Drilling's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
My Portfolios
Create New Portfolio
Portfolio Contest
My Gurus
Personalize
Premium Gurus 
0.23(3.26%) Volume: 989,177 4:00PM EDT
Email Alerts
Stock PDF
RSS
Website
Filings
Download
Manual of Stocks™ Web APP
NYSE:DO has been successfully added to your 
