Odfjell Drilling (ODL.OL) Debt Metrics
Market Cap: $14.12B
Avg Volume: 334.85K
Industry: Oil & Gas Drilling
Sector: Energy
How much debt does Odfjell Drilling have?
According to Odfjell Drilling's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Odfjell Drilling's total debt stands at $665.60M. This is broken down into:
- Long-term debt: $554.90M
- Short-term debt: $110.70M
The company's net debt, which accounts for cash and cash equivalents, is $547.50M. In terms of overall financial obligations, Odfjell Drilling's total liabilities amount to $811.80M.
Debt Ratios and Metrics
To better understand Odfjell Drilling's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.47 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 30.05% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 2.32 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 27.32% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 32.17% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Odfjell Drilling's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$665.60M
Long-term Debt
$554.90M
Short-term Debt
$110.70M
Net Debt
$547.50M
Total Liabilities
$811.80M
Interest Coverage
2.32
Debt to Equity Ratio
0.47
Debt Ratio
30.05%
Odfjell Drilling Historical Debt Metrics
Odfjell Drilling Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $665.60M | $554.90M | $110.70M | $547.50M | $811.80M | 0.47 | 30.05% | 2.32 | 27.32% | 32.17% |
| 2023 | $774.60M | $600.20M | $174.40M | $655.40M | $914.80M | 0.56 | 33.55% | 4.38 | 28.72% | 35.72% |
| 2022 | $910.70M | $570.70M | $340.00M | $775.10M | $1.01B | 0.75 | 41.04% | 2.77 | 30.45% | 42.97% |
| 2021 | $1.08B | $916.70M | $168.90M | $935.42M | $1.25B | 0.85 | 43.04% | 2.02 | 40.92% | 46.05% |
| 2020 | $1.26B | $744.09M | $523.43M | $1.08B | $1.44B | 1.05 | 47.57% | 3.21 | 37.12% | 51.19% |
| 2019 | $1.44B | $1.21B | $224.34M | $1.31B | $1.62B | 1.35 | 53.50% | 1.58 | 52.49% | 57.50% |
| 2018 | $1.09B | $311.82M | $782.98M | $953.05M | $1.25B | 1.07 | 48.09% | 1.30 | 23.35% | 51.68% |
| 2017 | $1.23B | $1.08B | $157.47M | $1.10B | $1.37B | 1.61 | 57.69% | 1.54 | 58.38% | 61.66% |
| 2016 | $1.41B | $1.21B | $204.06M | $1.24B | $1.54B | 1.96 | 62.39% | 1.85 | 62.59% | 66.17% |
| 2015 | $1.60B | $879.42M | $577.65M | $1.41B | $1.83B | 1.68 | 57.58% | 2.98 | 48.11% | 62.74% |
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