Odfjell Drilling Ltd. (OSL:ODL)

Odfjell Drilling Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	60.4	103.3	118.1	129.2	157.2	173
Short-Term Investments	-	-	-	1.6	-	-
Cash & Short-Term Investments	60.4	103.3	118.1	130.8	157.2	173
Cash Growth	-41.64%	-12.53%	-9.71%	-16.79%	-9.13%	-16.38%
Accounts Receivable	113.3	123.7	114.4	108.4	99.6	164.7
Other Receivables	-	3.9	1.3	4	2.9	10.8
Receivables	113.3	127.6	115.7	112.4	102.5	175.5
Inventory	-	-	-	-	-	2.5
Prepaid Expenses	-	11	10.6	8	4.3	9.3
Other Current Assets	112	3.1	1.7	3	6.1	8
Total Current Assets	285.7	245	246.1	254.2	270.1	368.3
Property, Plant & Equipment	2,267	2,378	1,932	2,013	1,938	2,109
Long-Term Investments	-	-	0.2	-	7.5	5.5
Goodwill	2.9	2.9	2.6	2.9	3	18.4
Other Intangible Assets	0.3	0.3	-	0.1	0.4	10.1
Long-Term Accounts Receivable	-	8.4	-	-	-	-
Long-Term Deferred Tax Assets	2.7	2.9	6.7	8.5	0.4	1.3
Other Long-Term Assets	52.6	30.5	27	30.1	-	2.7
Total Assets	2,611	2,668	2,215	2,309	2,219	2,515

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	43.7	27.6	35.5	48.9	35.8	43.2
Accrued Expenses	-	62.5	47	51.7	36.3	79.2
Current Portion of Long-Term Debt	103.4	92.8	95	149.6	313.5	161.1
Current Portion of Leases	16.7	16.3	15.7	24.9	26.5	7.8
Current Income Taxes Payable	-	10.8	10.1	8.6	5.8	2.7
Current Unearned Revenue	-	31	44.1	22.1	13.7	21.8
Other Current Liabilities	112.3	3.6	8.7	6.7	5.1	2
Total Current Liabilities	276.1	244.6	256.1	312.5	436.7	317.8
Long-Term Debt	819.6	919.7	527.5	563.1	529	878.4
Long-Term Leases	26.9	32.7	27.6	38.4	41.7	38.3
Long-Term Unearned Revenue	-	33.2	-	-	-	5.6
Pension & Post-Retirement Benefits	-	0.9	0.5	0.7	0.6	6
Long-Term Deferred Tax Liabilities	10	9.1	-	-	-	-
Other Long-Term Liabilities	37.9	5.2	0.1	0.1	2.8	0.9
Total Liabilities	1,171	1,245	811.8	914.8	1,011	1,247

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	2.4	2.4	2.4	2.4	2.5	2.4
Additional Paid-In Capital	383.8	383.8	383.8	367.8	367.9	562.5
Retained Earnings	-	1,128	1,121	1,113	919.7	812.7
Treasury Stock	-	-	-	-	-0.2	-
Comprehensive Income & Other	1,054	-91.7	-103.7	-89.3	-81.4	-109.5
Total Common Equity	1,441	1,422	1,403	1,394	1,209	1,268
Shareholders' Equity	1,441	1,422	1,403	1,394	1,209	1,268
Total Liabilities & Equity	2,611	2,668	2,215	2,309	2,219	2,515

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	966.6	1,062	665.8	776	910.7	1,086
Net Cash (Debt)	-906.2	-958.2	-547.7	-645.2	-753.5	-912.6
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-3.77	-3.98	-2.29	-2.72	-3.18	-3.85
Filing Date Shares Outstanding	239.81	239.81	239.81	236.78	236.78	236.78
Total Common Shares Outstanding	239.81	239.81	239.81	236.78	236.78	236.78
Working Capital	9.6	0.4	-10	-58.3	-166.6	50.5
Book Value Per Share	6.01	5.93	5.85	5.89	5.10	5.36
Tangible Book Value	1,437	1,419	1,401	1,391	1,205	1,240
Tangible Book Value Per Share	5.99	5.92	5.84	5.87	5.09	5.24
Machinery	-	3,530	3,024	3,006	2,979	3,353
Order Backlog	-	2,481	2,000	2,100	1,900	-

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 24, 2026

Data Sources Report a data error