Borr Drilling Limited

Borr Drilling Limitedverified

BORR

Price:

$6.7

Market Cap:

$1.70B

Borr Drilling Limited operates as an offshore drilling contractor to the oil and gas industry worldwide. It owns, contracts, and operates jack-up rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production. The company serves oil and gas exploration and production companies, such as integrated oil companies, state-owned national oil companies, and independent oil and gas companies. As of December 31, 2021, it operated a fleet of 23 jack-up drilling rigs. The company was formerly known as Magni Drilling Limited and changed its name to Borr Drilling Limited in Dece...[Read more]

Industry

Oil & Gas Drilling

IPO Date

2019-07-30

Stock Exchange

NYSE

Ticker

BORR

The Current Ratio as of July 2024 (TTM) for Borr Drilling Limited (BORR) is 1.50

According to Borr Drilling Limited’s latest financial reports and current stock price. The company's current Current Ratio is 1.50. This represents a change of 42.52% compared to the average of 1.05 of the last 4 quarters.

Borr Drilling Limited (BORR) Historical Current Ratio (quarterly & annually)

How has BORR Current Ratio performed in the past?

The mean historical Current Ratio of Borr Drilling Limited over the last ten years is 73.01. The current 1.50 Current Ratio has changed 105.73% with respect to the historical average. Over the past ten years (40 quarters), BORR's Current Ratio was at its highest in in the December 2017 quarter at 10.69. The Current Ratio was at its lowest in in the June 2017 quarter at 0.

Quarterly (TTM)
Annual

Average

73.01

Median

1.48

Minimum

0.47

Maximum

566.06

Borr Drilling Limited (BORR) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Borr Drilling Limited Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 119.06%

Maximum Annual Current Ratio = 566.06

Minimum Annual Increase = -98.11%

Minimum Annual Current Ratio = 0.47

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.03119.06%
20220.47-68.60%
20211.492.00%
20201.4731.65%
20191.11-36.35%
20181.75-83.64%
201710.69-98.11%

Borr Drilling Limited (BORR) Average Current Ratio

How has BORR Current Ratio performed in the past?

The current Current Ratio of Borr Drilling Limited (BORR) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

1.00

5-year avg

1.11

10-year avg

73.01

Borr Drilling Limited (BORR) Current Ratio vs. Peers

How is BORR’s Current Ratio compared to its peers?

Borr Drilling Limited’s Current Ratio is less than Noble Corporation (1.61), less than Diamond Offshore Drilling, Inc. (1.63), less than Patterson-UTI Energy, Inc. (1.50), less than Nabors Industries Ltd. (1.82), less than Seadrill Limited (2.92), greater than Transocean Ltd. (1.35),

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