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Vantage Drilling International  (VDI)
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Vantage Drilling International's Working Capital Ratio

VDI's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


Current Liabilities decreased faster than Vantage Drilling International's Current Assets, this led to improvement in Vantage Drilling International's Working Capital Ratio to 2.04, Working Capital Ratio remained below Vantage Drilling International average.

Within Oil Well Services & Equipment industry only one company has achieved higher Working Capital Ratio in second quarter 2023. While Working Capital Ratio total ranking has improved so far during the II Quarter 2023 to 1608, from total ranking in the third quarter 2023 at 2497.

Explain Working Capital Ratio
How much in Current Assets VDI´s has?
What is the value of VDI´s Current Liabilities?


VDI Working Capital Ratio (Jun 30 2023)
II. Quarter
(Mar 31 2023)
III. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
(Jun 30 2022)
II. Quarter
Y / Y Current Liabilities Change 25.5 % 65.77 % 96.9 % 67.32 % 58.93 %
Y / Y Current Assets Change -31.48 % -17.14 % -22.9 % 76.43 % 63.14 %
Working Capital Ratio MRQ 2.04 1.79 1.78 3.37 3.75
VDI's Total Ranking # 1608 # 2497 # 2655 # 1573 # 1577
Seq. Current Liabilities Change -17.32 % 18.39 % 9.1 % 17.5 % 9.22 %
Seq. Current Assets Change -5.56 % 19.36 % -42.48 % 5.68 % 14.22 %



Working Capital Ratio second quarter 2023 Company Ranking
Within: No.
Oil Well Services & Equipment Industry # 2
Energy Sector # 33
Overall Market # 1608


Working Capital Ratio Statistics
High Average Low
10.74 4.42 1.78
(Sep 30 2019)   (Dec 31 2022)




Financial Statements
Vantage Drilling International's Current Liabilities $ 121 Millions Visit VDI's Balance sheet
Vantage Drilling International's Current Assets $ 248 Millions Visit VDI's Balance sheet
Source of VDI's Sales Visit VDI's Sales by Geography


Cumulative Vantage Drilling International's Working Capital Ratio

VDI's Working Capital Ratio for the trailling 12 Months

VDI Working Capital Ratio

(Jun 30 2023)
II. Quarter
(Mar 31 2023)
III. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
(Jun 30 2022)
II. Quarter
Y / Y Current Liabilities TTM Growth 25.5 % 65.77 % 96.9 % 67.32 % 58.93 %
Y / Y Current Assets TTM Growth -31.48 % -17.14 % -22.9 % 76.43 % 63.14 %
Working Capital Ratio TTM 2.2 2.55 3.03 3.72 3.74
Total Ranking TTM # 1845 # 3629 # 2323 # 1160 # 1500
Seq. Current Liabilities TTM Growth -17.32 % 18.39 % 9.1 % 17.5 % 9.22 %
Seq. Current Assets TTM Growth -5.56 % 19.36 % -42.48 % 5.68 % 14.22 %


On the trailing twelve months basis Due to decline in Current Liabilities in the II Quarter 2023 to $121.34 millions, cumulative Working Capital Ratio decreased to 2.2 below the Vantage Drilling International average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Oil Well Services & Equipment industry 3 other companies have achieved higher Working Capital Ratio than Vantage Drilling International. While Working Capital Ratio overall ranking has improved so far to 1845, from total ranking during the twelve months ending third quarter 2023 at 3629.

Explain Working Capital Ratio
How much in Current Assets VDI´s has?
What is the value of VDI´s Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Oil Well Services & Equipment Industry # 4
Energy Sector # 40
Within the Market # 1845


trailing twelve months Working Capital Ratio Statistics
High Average Low
6.92 4.5 2.2
(Sep 30 2019)   (Jun 30 2023)




Companies with similar Working Capital Ratio in the quarter ending Jun 30 2023, within Oil Well Services & Equipment Industry Working Capital RatioJun 30 2023 MRQ Current AssetsJun 30 2023 MRQ Current Liabilities
Helmerich and Payne inc   2.29 $ 992.828  Millions$ 433.496  Millions
Valaris Limited  2.20 $ 1,447.400  Millions$ 658.900  Millions
Team Inc   2.06 $ 326.755  Millions$ 158.566  Millions
Vantage Drilling International  2.04 $ 248.139  Millions$ 121.340  Millions
Transocean ltd  1.96 $ 2,235.000  Millions$ 1,141.000  Millions
Noble Corporation Plc  1.81 $ 932.618  Millions$ 514.151  Millions
Nabors Industries ltd  1.80 $ 978.134  Millions$ 544.265  Millions
Patterson uti Energy Inc   1.76 $ 801.327  Millions$ 454.321  Millions
Diamond Offshore Drilling Inc   1.59 $ 383.522  Millions$ 241.672  Millions
Independence Contract Drilling inc   1.39 $ 44.489  Millions$ 32.061  Millions

Date modified: 2023-08-11T19:38:34+00:00



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