What is Seadrill's cash ratio?

Seadrill (SDRL) reported cash ratio of 0.8× in Q1 2026.

How has Seadrill's cash ratio changed year-over-year?

Seadrill's cash ratio decreased by 26.8% year-over-year, from 1.1× to 0.8×.

What is the long-term trend for Seadrill's cash ratio?

Over 2 years (2023 to 2025), Seadrill's cash ratio has grown at a -27.8% compound annual growth rate (CAGR), from 1.9× to 1×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Seadrill SDRL Cash ratio

Cash ratio at other companies

ValarisVAL

0.8×+0.1×

TransoceanRIG

0.3×+0.1×

Noble CorporationNE

0.9×+0.6×

Patterson-UTI EnergyPTEN

0.5×+0.2×

Oceaneering InternationalOII

0.8×+0.3×

Helmerich & PayneHP

0.2×0.0×

Other financials

Income statement

See full

Revenue$358.0M+6.9%

Operating income$24.0M+33.3%

Net income-$7.0M+50.0%

EPS (diluted)-$0.11+52.2%

Balance sheet

See full

Cash & equivalents$329.0M-23.5%

Total debt$631.0M+2.1%

Total equity$2.9B-2.0%

Total assets$4.0B-1.7%

Cash flow

See full

Operating cash flow-$22.0M+18.5%

CapEx$13.0M-71.1%

Free cash flow-$35.0M+51.4%

Valuation

See full

Market cap$2.49B+82.8%

Enterprise value$2.79B+80.4%

P/S1.7×+0.7×

Profitability

See full

Operating margin3.8%-22.3pp

Net margin-4.8%-32.3pp

FCF margin-7.5%-1.8pp

Returns & leverage

See full

Return on equity-2.4%-15.2pp

Debt / equity0.2×0.0×

Current ratio1.9×-0.1×

Where this comes from

Calculated from Seadrill’s reported figures.

cash and equivalents/total current liabilities=0.8×

Based on the most recent quarter.

The official record: Seadrill’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Seadrill's cash ratio?: Seadrill (SDRL) reported cash ratio of 0.8× in Q1 2026.
How has Seadrill's cash ratio changed year-over-year?: Seadrill's cash ratio decreased by 26.8% year-over-year, from 1.1× to 0.8×.
What is the long-term trend for Seadrill's cash ratio?: Over 2 years (2023 to 2025), Seadrill's cash ratio has grown at a -27.8% compound annual growth rate (CAGR), from 1.9× to 1×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.