Valaris Ltd (VAL)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,987,600 | 1,183,900 | 1,254,100 | 1,342,100 | 1,289,900 | 1,214,400 | 1,137,700 | 1,022,600 | 1,074,700 | 1,036,600 | 1,089,500 | 3,463,100 | 4,374,600 | 4,518,700 | 5,190,400 | 6,298,300 | 9,310,900 | 9,531,400 | 9,720,600 | 7,900,500 |
| Debt-to-capital ratio | 0.35 | 0.48 | 0.35 | 0.29 | 0.30 | 0.31 | 0.32 | 0.35 | 0.34 | 0.34 | 0.33 | 0.00 | 0.00 | 0.00 | 0.44 | 0.49 | 0.39 | 0.39 | 0.38 | 0.39 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,079,300K ÷ ($1,079,300K + $1,987,600K)
= 0.35
The debt-to-capital ratio of Valaris Ltd has fluctuated over the past five quarters, ranging from 0.29 to 0.48. In Q3 2023, the ratio peaked at 0.48 before declining to 0.35 in both Q2 and Q4 2023. The lowest ratio was observed in Q1 2023 at 0.29. Overall, the company has maintained a moderate level of debt in relation to its capital structure, with a general trend of stability over the period analyzed. The fluctuations in the ratio may reflect varying levels of debt relative to total capital, indicating potential shifts in the company's financing strategy or capital structure during the quarters examined.
Peer comparison
Dec 31, 2023