As of June 18, 2025, Diamond Offshore Drilling Inc (DOFSQ) reports a Current Ratio of 3.10.
Current Ratio assesses a company's ability to pay short-term debts by comparing liquid assets to liabilities, with higher ratios signaling better financial health.
Historical Trend of Diamond Offshore Drilling Inc's Current Ratio
Over recent years, Diamond Offshore Drilling Inc's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2020-12-31 | 3.10 |
| 2019-12-31 | 1.58 |
| 2018-12-31 | 3.32 |
| 2017-12-31 | 3.97 |
| 2016-12-31 | 1.49 |
This slight upward trend highlights how Diamond Offshore Drilling Inc manages its short-term assets and liabilities over time.
Comparing Diamond Offshore Drilling Inc's Current Ratio to Peers
To better understand Diamond Offshore Drilling Inc's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Diamond Offshore Drilling Inc (DOFSQ) | 3.10 |
| Seadrill Partners LLC (SDLPQ) | 6.81 |
| US Silica Holdings Inc (SLCA) | 3.23 |
| Valaris PLC (VALPQ) | 2.75 |
| Parker Drilling Co (PKDC) | 2.71 |
| Helmerich and Payne Inc (HP) | 2.67 |
Compared to its competitors, Diamond Offshore Drilling Inc's Current Ratio is among the highest compared to peers, indicating strong short-term financial flexibility but potentially excess cash that could be invested.