Diamond Offshore Drilling Inc 's Cash & cash equivalent grew by 1.93 % in the Q2 2024 sequentially, while Current Liabilities decreased, this led to improvement in Diamond Offshore Drilling Inc 's Quick Ratio to 0.68, Quick Ratio remained below Diamond Offshore Drilling Inc average.

Within Oil Well Services & Equipment industry only one company has achieved higher Quick Ratio in second quarter 2024. While Quick Ratio total ranking in the second quarter 2024 has deteriorated compared to the prior quarter from 1966 to 2300.

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DO Quick Ratio	(Jun 30 2024) Q2	(Mar 31 2024) Q1	(Dec 31 2023) Q4	(Sep 30 2023) Q3	(Jun 30 2023) Q2
Y / Y Current Liabilities Change	0.31 %	7.03 %	14.51 %	14.45 %	9.13 %
Y / Y Cash & cash equivalent Change	457.64 %	775.43 %	262.64 %	548.24 %	-30.8 %
Quick Ratio MRQ	0.68	0.63	0.82	0.6	0.12
DO's Total Ranking	# 2300	# 1966	# 0	# 1862	# 3455
Seq. Current Liabilities Change	-6.42 %	-7.54 %	13.98 %	1.72 %	-0.15 %
Seq. Cash & cash equivalent Change	1.93 %	-28.96 %	55.7 %	394.61 %	60.01 %

Quick Ratio second quarter 2024 Company Ranking
Within:	No.
Oil Well Services & Equipment Industry	# 2
Energy Sector	# 48
Overall Market	# 2300

Quick Ratio Statistics
High	Average	Low
3.45	1.37	0.08
(Sep. 30, 2012)		(Mar 31 2023)

Financial Statements
Diamond Offshore Drilling Inc 's Current Liabilities	$ 242 Millions	Visit DO's Balance sheet
Diamond Offshore Drilling Inc 's Cash & cash equivalent	$ 166 Millions	Visit DO's Balance sheet
Source of DO's Sales		Visit DO's Sales by Geography

Cumulative Diamond Offshore Drilling Inc 's Quick Ratio

DO's Quick Ratio for the trailling 12 Months

DO Quick Ratio	(Jun 30 2024) 12 Months	(Mar 31 2024) 12 Months	(Dec 31 2023) 12 Months	(Sep 30 2023) 12 Months	(Jun 30 2023) 12 Months
Y / Y Current Liabilities TTM Growth	8.94 %	11.24 %	12.35 %	13.6 %	12.02 %
Y / Y Cash & cash equivalent TTM Growth	425.2 %	285.71 %	132.33 %	46.71 %	-25.83 %
Quick Ratio TTM	0.68	0.55	0.42	0.26	0.14
Total Ranking TTM	# 3607	# 3601	# 0	# 1880	# 3748
Seq. Current Liabilities TTM Growth	0.07 %	1.68 %	3.64 %	3.29 %	2.19 %
Seq. Cash & cash equivalent TTM Growth	23.94 %	33.95 %	64.15 %	92.72 %	-8.98 %

Quick ratio ranking by company, industry and sector >> Back to DO Financial Strength Comparisons >> Go to Compare DO Quick Ratio to its Competitors

On the trailing twelve months basis DO Cash & cash equivalent more than doubled by 457.64 % in Q2 2024 year on year, faster than Current Liabilities, this led to increase in in Diamond Offshore Drilling Inc 's Quick Ratio to 0.68, Quick Ratio remained below DO average.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Oil Well Services & Equipment industry 9 other companies have achieved higher Quick Ratio than Diamond Offshore Drilling Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the first quarter 2024 from 3601 to 3607.

Explain Quick Ratio?
How much Cash & cash equivalents DO�s has?
What are DO�s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Oil Well Services & Equipment Industry	# 10
Energy Sector	# 141
Within the Market	# 3607

trailing twelve months Quick Ratio Statistics
High	Average	Low
3.33	1.28	0.12
(Dec. 30, 2012)		(Jun 30 2023)

Companies with similar Quick Ratio in the quarter ending Jun 30 2024, within Oil Well Services & Equipment Industry	Quick Ratio	Jun 30 2024 MRQ Cash & cash equivalent	Jun 30 2024 MRQ Current Liabilities
Nabors Industries Ltd	0.80	$ 473.608 Millions	$ 590.922 Millions
Diamond Offshore Drilling Inc	0.68	$ 165.536 Millions	$ 242.418 Millions
Helmerich and Payne inc	0.63	$ 289.721 Millions	$ 456.792 Millions
Borr Drilling Limited	0.62	$ 195.300 Millions	$ 315.200 Millions
Highpeak Energy Inc	0.57	$ 157.911 Millions	$ 278.861 Millions
Valaris Limited	0.56	$ 398.300 Millions	$ 707.600 Millions
Transocean ltd	0.56	$ 875.000 Millions	$ 1,573.000 Millions
Noble Corporation Plc	0.25	$ 162.852 Millions	$ 640.271 Millions
Independence Contract Drilling inc	0.19	$ 5.542 Millions	$ 29.886 Millions

Date modified: 2026-09-26T07:10:42+00:00

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