Vantage Drilling International (VDI) Earnings Report, Financial Results, Financial analysis

Vantage Drilling International narrowed third quarter of 2023 net loss per share of $-0.17 compare to net loss per share of $-1.14 recorded in the same quarter a year ago and improved compare to net loss per share of $-1.33 realized in previous quarter.

*third quarter of 2023*
Earnings Per Share	Revenues
$ -0.17	$ 77 Mill
$+0.97	$+19M +32.13 %

Vantage Drilling International's Revenue rose by 32.13 % in third quarter of 2023 (Mar 31 2023) year on year, to $77 million and advanced by 1.16 % sequentially.

Vantage Drilling International is Expected to report next financial results on August 10, 2023.

More on VDI's Income Statement

VDI's NET INCOME

Vantage Drilling International's in thethird quarter of 2023 recorded net loss of $-2.575 million, an improvement compare to net loss of $-14.192 million in I. Quarter a year ago.

Sequentially net loss narrowed from net loss of $-16.977 million realized in previous quarter.

More on VDI's Growth

Vantage Drilling International Inventories
Inventories grew by 11.11 % to $42 million from I. Quarter a year ago, sequentially inventories rose by 2.74 %. In Mar 31 2023 company's net cash and cash equivalents decreased by $-17 million

Earnings quality

Vantage Drilling International payed out dividend of $0.39 per share in last 52 weeks representing 68.42 % of net earning per share in trailing twelve-month period.

During the same period Vantage Drilling International payed $ -0.74 cash per share, on a free-cash flow basis .

Book value fell by -5.08 % sequentially to $19.31 per share.
Tangible Book value fell to $ 19.31 per share from $ 20.34.

Company issued 0.54 million shares or 4.21 % in Mar 31 2023.
Interest Coverage Ratio was 1.1. Debt Coverage Ratio was 0.13.

• More on VDI's Dividends

Market Capitalization (Millions)	-
Shares Outstanding (Millions)	13
Total Debt (Millions $)	189
Revenue (TTM) (Millions $)	297
Net Income (TTM) (Millions $)	8
Cash Flow (TTM) (Millions $)	-2
Capital Exp. (TTM) (Millions $)	0
Dividend TTM ($)	0.39 $
Dividend Yield TTM (%)	-
Employees (TTM) $	930

Earnings quality

Vantage Drilling International payed out dividend of $0.39 per share in the last 52 weeks representing 68.42 % of net earning per share in trailing twelve-month period.

During the same period Vantage Drilling International had negative $ -0.74 cash flow per share, on a free-cash flow basis .

Book value fell by -5.08 % sequentially to $19.31 per share.
Tangible Book value fell to $ 19.31 per share from $ 20.34.

Company issued 0.54 million shares or 4.21 % in Mar 31 2023.
Interest Coverage Ratio was 1.1. Debt Coverage Ratio was 0.13.

• More on VDI's Balance Sheets

Market Capitalization (Millions)	-
Shares Outstanding (Millions)	13
Total Debt (Millions $)	189
Revenue (TTM) (Millions $)	297
Net Income (TTM) (Millions $)	8
Cash Flow (TTM) (Millions $)	-2
Capital Exp. (TTM) (Millions $)	0
Dividend TTM ($)	0.39 $
Dividend Yield TTM (%)	-
Employees (TTM) $	930

Vantage Drilling International

VDI's Financial Statements and Analysis