Valaris Ltd (VAL)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 4,419,800 | 4,322,200 | 2,860,300 | 2,609,200 | 12,873,200 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,419,800K
= 0.00
The debt-to-assets ratio of Valaris Ltd has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt to finance its operations or investments during this period. A debt-to-assets ratio of 0.00 suggests that the company may have a conservative financial structure with a low level of debt in comparison to its total assets. It implies that Valaris Ltd relies more on equity financing or internal funds rather than external borrowing. However, it is crucial to consider other financial metrics and factors to obtain a comprehensive understanding of the company's overall financial health and risk profile.
Peer comparison
Dec 31, 2024