Valaris Ltd (VAL)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,079,300 | 1,079,400 | 681,900 | 542,800 | 542,400 | 541,800 | 545,700 | 545,500 | 545,300 | 545,100 | 544,800 | 0 | 0 | 0 | 4,092,200 | 6,148,600 | 5,923,500 | 6,042,300 | 6,020,100 | 5,018,500 |
| Total assets | US$ in thousands | 4,322,200 | 3,484,900 | 3,088,400 | 2,951,200 | 2,860,300 | 2,821,200 | 2,760,800 | 2,637,700 | 2,603,100 | 2,602,500 | 2,601,700 | 11,946,900 | 12,873,200 | 12,911,200 | 13,038,900 | 14,025,100 | 16,931,200 | 17,230,600 | 18,440,100 | 13,863,000 |
| Debt-to-assets ratio | 0.25 | 0.31 | 0.22 | 0.18 | 0.19 | 0.19 | 0.20 | 0.21 | 0.21 | 0.21 | 0.21 | 0.00 | 0.00 | 0.00 | 0.31 | 0.44 | 0.35 | 0.35 | 0.33 | 0.36 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,079,300K ÷ $4,322,200K
= 0.25
The debt-to-assets ratio of Valaris Ltd has ranged between 0.18 and 0.31 over the past five quarters. This ratio indicates the proportion of the company's total assets financed by debt.
Initially, in Q1 2023, the debt-to-assets ratio was at 0.18, suggesting that 18% of Valaris Ltd's assets were funded by debt. It then increased to 0.22 in Q2 2023 before further rising to 0.31 in Q3 2023, indicating higher reliance on debt for asset financing during those periods.
However, in Q4 2023, the ratio decreased to 0.25, showing a slight improvement in the company's debt-to-assets position compared to the previous quarter. Overall, the fluctuations in the debt-to-assets ratio suggest varying levels of leverage and financial risk for Valaris Ltd during the periods under consideration.
Peer comparison
Dec 31, 2023