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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.GuruFocus does not calculate Diamond Offshore Drilling's interest coverage with the available data. As of today, Diamond Offshore Drilling's Altman Z-Score is 0.00.
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.
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.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
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:
Diamond Offshore Drilling's Interest Expense for the months ended in Dec. 2021 was $0.0 Mil. Its Operating Income for the months ended in Dec. 2021 was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was $414.6 Mil.
Diamond Offshore Drilling's Interest Coverage for the quarter that ended in Dec. 2021 is
GuruFocus does not calculate Diamond Offshore Drilling's interest coverage with the available data. |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Diamond Offshore Drilling's Debt to Revenue Ratio for the quarter that ended in Dec. 2021 is
Debt to Revenue Ratio | = | Total Debt (Q: Dec. 2021 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (31.863 | + | 414.599) | / | 0 | |
= | N/A |
3. Altman Z-Score.
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.
Diamond Offshore Drilling (OTCPK:DOFSQ) Financial Strength Explanation
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.
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.
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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