Valaris Ltd (VAL)
Interest coverage
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 53,500 | 56,300 | 101,300 | 95,600 | 37,200 | -24,000 | -82,500 | -57,200 | -854,800 | -1,003,800 | -1,101,300 | -2,130,200 | -4,334,500 | -4,358,500 | -4,500,300 | -3,638,500 | -668,000 | -585,000 | -390,700 | -265,900 |
| Interest expense (ttm) | US$ in thousands | 79,500 | 59,200 | 51,500 | 46,400 | 47,000 | 46,400 | 46,000 | 42,800 | 32,400 | -14,400 | 34,100 | 141,900 | 268,000 | 418,500 | 472,600 | 474,700 | 413,800 | 367,900 | 326,200 | 283,600 |
| Interest coverage | 0.67 | 0.95 | 1.97 | 2.06 | 0.79 | -0.52 | -1.79 | -1.34 | -26.38 | — | -32.30 | -15.01 | -16.17 | -10.41 | -9.52 | -7.66 | -1.61 | -1.59 | -1.20 | -0.94 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $53,500K ÷ $79,500K
= 0.67
I'm sorry, but I'll need the specific values of interest expenses and operating income for each quarter to calculate the interest coverage ratio for Valaris Ltd. Without this data, I cannot provide a detailed analysis of the interest coverage over the specified periods. If you can provide the necessary information, I'd be happy to assist you with a comprehensive analysis of Valaris Ltd's interest coverage.
Peer comparison
Dec 31, 2023
Company name
Symbol
Interest coverage
Valaris Ltd
VAL
0.67
Helmerich and Payne Inc
HP
35.05
Nabors Industries Ltd
NBR
1.36
Patterson-UTI Energy Inc
PTEN
6.82