What is Transocean's interest coverage?

Transocean (RIG) reported interest coverage of -3.1× in Q1 2026.

What is the long-term trend for Transocean's interest coverage?

Over 4 years (2020 to 2025), Transocean's interest coverage has grown at a 49.9% compound annual growth rate (CAGR), from -0.9× to -4.3×.

What does interest coverage mean?

Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.

Transocean RIG Interest coverage

Interest coverage at other companies

ValarisVAL

3.6×-1.5×

Noble CorporationNE

2.8×-3.0×

NOVA, Inc.NOV

4.4×-5.3×

SM EnergySM

1.8×-5.4×

Kodiak Gas ServicesKGS

3.1×+2.1×

Schlumberger SLB

9×-1.9×

Other financials

Income statement

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Revenue$1.1B+19.3%

Gross profit$475.0M+64.9%

Operating income$287.0M+348%

Net income$71.0M+190%

EPS (diluted)$0.06+155%

Balance sheet

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Cash & equivalents$330.0M+25.5%

Total debt$5.3B-20.7%

Total equity$8.2B-19.8%

Total assets$15.2B-20.3%

Cash flow

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Operating cash flow$164.0M+531%

CapEx$28.0M-53.3%

Free cash flow$136.0M+500%

Valuation

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Market cap$5.88B+162%

Enterprise value$10.82B+33.6%

P/S1.4×+0.8×

Profitability

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Gross margin42.2%+4.7pp

Operating margin-18.7%+27.1pp

Net margin-67.4%-111pp

FCF margin19.2%+10.3pp

Returns & leverage

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Return on equity-30.3%-42.4pp

Debt / equity0.6×0.0×

Current ratio1.5×+0.2×

Where this comes from

Calculated from Transocean’s reported figures.

ebit/interest expense=-3.1×

Based on trailing twelve months.

The official record: Transocean’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Transocean's interest coverage?: Transocean (RIG) reported interest coverage of -3.1× in Q1 2026.
What is the long-term trend for Transocean's interest coverage?: Over 4 years (2020 to 2025), Transocean's interest coverage has grown at a 49.9% compound annual growth rate (CAGR), from -0.9× to -4.3×.
What does interest coverage mean?: Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.