Diamond Offshore Drilling, Inc.

Diamond Offshore Drilling, Inc.verified

DO

Price:

$16.43

Market Cap:

$1.68B

Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. As of December 31, 2021, the company operated a fleet of 12 offshore drilling rigs, including four drillships and eight semisubmersible rigs. It serves independent oil and gas companies, and government-owned oil companies. The company was founded in 1953 and is headquartered in Houston, Texas.[Read more]

Industry

Oil & Gas Drilling

IPO Date

2022-03-30

Stock Exchange

NYSE

Ticker

DO

The Current Ratio as of July 2024 (TTM) for Diamond Offshore Drilling, Inc. (DO) is 1.63

According to Diamond Offshore Drilling, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.63. This represents a change of 1.16% compared to the average of 1.61 of the last 4 quarters.

Diamond Offshore Drilling, Inc. (DO) Historical Current Ratio (quarterly & annually)

How has DO Current Ratio performed in the past?

The mean historical Current Ratio of Diamond Offshore Drilling, Inc. over the last ten years is 1.93. The current 1.63 Current Ratio has changed 8.34% with respect to the historical average. Over the past ten years (40 quarters), DO's Current Ratio was at its highest in in the March 2018 quarter at 4.51. The Current Ratio was at its lowest in in the March 2020 quarter at 0.31.

Quarterly (TTM)
Annual

Average

1.93

Median

1.48

Minimum

1.05

Maximum

3.97

Diamond Offshore Drilling, Inc. (DO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Diamond Offshore Drilling, Inc. 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 = 167.31%

Maximum Annual Current Ratio = 3.97

Minimum Annual Increase = -71.21%

Minimum Annual Current Ratio = 1.05

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.4720.96%
20221.224.22%
20211.17-61.19%
20203.0199.13%
20191.51-54.51%
20183.32-16.43%
20173.97167.31%
20161.4938.82%
20151.071.95%
20141.05-71.21%

Diamond Offshore Drilling, Inc. (DO) Average Current Ratio

How has DO Current Ratio performed in the past?

The current Current Ratio of Diamond Offshore Drilling, Inc. (DO) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.28

5-year avg

1.67

10-year avg

1.93

Diamond Offshore Drilling, Inc. (DO) Current Ratio vs. Peers

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

Diamond Offshore Drilling, Inc.’s Current Ratio is less than Seadrill Limited (2.92), less than Nabors Industries Ltd. (1.82), greater than Borr Drilling Limited (1.50), greater than Patterson-UTI Energy, Inc. (1.50), greater than Noble Corporation (1.61), greater than Transocean Ltd. (1.35), greater than Independence Contract Drilling, Inc. (1.29), less than Helmerich & Payne, Inc. (2.12), less than Precision Drilling Corporation (1.71),

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