SDRLSeadrill Limited
Is it safe?
Forensics clean, with a caveat: a safe balance sheet and comfortable debt (AA), but big price swings.
Financially healthy, low distress risk Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -66% · now 16% below its 52-week high.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can SDRL take a bad year?
Seadrill Limited carries $400M of net debt at 1.03× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.03×
Net debt / EBITDA · 0.82× a year ago · the load is going up
- Altman Z-score
- 2.15
Altman Z-score · grey zone, between 1.8 and 3
- Cash runway
- 2.5 years
Cash runway · burning $33M a quarter at the current rate
Details›
- Total debtQ2 2026
- $737M
- Cash and short-term investments
- $337M
- Net debt
- $400M
- EBITDA, trailing twelve months
- $389M
- Operating profit, trailing twelve months
- $119M
- Debt / equity
- 0.26×
- Total debt / EBITDA
- 1.90×
- Annualised volatilitytwo years of daily moves
- 46%
- Worst drawdown on file
- −66%
- Below its 52-week high
- 16%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.