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Seadrill Ltd has the Highest Debt to Equity Ratio in the Oil & Gas Drilling Industry (SDRL, NBR, NE, UNT, RIG)

By Amy Schwartz

Below are the three companies in the Oil & Gas Drilling industry with the highest debt to equity ratios. The Debt/Equity ratio measures a company's leverage and a high level often implies that a company has financed much of its growth with debt.

Seadrill Ltd ranks highest with a a debt to equity ratio of 238.7. Following is Nabors Inds Ltd with a a debt to equity ratio of 138.3. Noble Corp Plc ranks third highest with a a debt to equity ratio of 76.7.

Unit Corp follows with a a debt to equity ratio of 61.5, and Transocean Ltd rounds out the top five with a a debt to equity ratio of 58.2.

SmarTrend recommended that its subscribers protect gains by selling shares of Seadrill Ltd on January 13th, 2020 by issuing a Downtrend alert when the shares were trading at $1.82. Since that call, shares of Seadrill Ltd have fallen 74.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest debt to equity ratio seadrill ltd nabors inds ltd noble corp plc unit corp transocean ltd

Ticker(s): SDRL NBR NE UNT RIG