Valaris Ltd financial data

Symbol
VAL, VAL-WT on NYSE
Industry
Drilling Oil & Gas Wells
Location
Clarendon House, 2 Church Street, Hamilton, Bermuda
Fiscal year end
December 31
Former names
Valaris plc (to 4/30/2021), Ensco Rowan plc (to 8/1/2019), Ensco plc (to 3/29/2019), Ensco International plc (to 3/31/2010), ENSCO INTERNATIONAL INC (to 12/23/2009), ENERGY SERVICE COMPANY INC (to 3/28/1995)
Latest financial report
Q1 2024 - May 2, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 196 % -21.2%
Debt-to-equity 136 %
Return On Equity 52 % +149%
Return On Assets 22.1 % +141%
Operating Margin 3.95 % -29%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 72.4 M shares -3.69%
Common Stock, Shares, Outstanding 72.4 M shares
Entity Public Float 4.1 B USD +46.4%
Weighted Average Number of Shares Outstanding, Basic 72.4 M shares -3.72%
Weighted Average Number of Shares Outstanding, Diluted 73.6 M shares -3.67%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 1.88 B USD +9.62%
Revenue from Contract with Customer, Excluding Assessed Tax 2.6 M USD +136%
General and Administrative Expense 101 M USD +17.2%
Costs and Expenses 1.82 B USD +10.7%
Operating Income (Loss) 74.3 M USD -22.3%
Nonoperating Income (Expense) 27.3 M USD -85.7%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 102 M USD -64.5%
Income Tax Expense (Benefit) -742 M USD -4681%
Net Income (Loss) Attributable to Parent 844 M USD +222%
Earnings Per Share, Basic 11.4 USD/shares +228%
Earnings Per Share, Diluted 11.3 USD/shares +226%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 494 M USD -39.9%
Other Assets, Current 178 M USD +12.3%
Assets, Current 1.2 B USD -14.2%
Deferred Income Tax Assets, Net 855 M USD
Property, Plant and Equipment, Net 1.73 B USD +70.6%
Operating Lease, Right-of-Use Asset 74.6 M USD +255%
Other Assets, Noncurrent 154 M USD -6.8%
Assets 4.35 B USD +47.5%
Accounts Payable, Current 394 M USD +21.6%
Employee-related Liabilities, Current 69.1 M USD +14%
Contract with Customer, Liability, Current 122 M USD +85.9%
Liabilities, Current 761 M USD +28.5%
Contract with Customer, Liability, Noncurrent 36.2 M USD +11.7%
Deferred Income Tax Liabilities, Net 31.6 M USD
Operating Lease, Liability, Noncurrent 49.8 M USD
Other Liabilities, Noncurrent 452 M USD -2.78%
Liabilities 2.32 B USD +45.3%
Accumulated Other Comprehensive Income (Loss), Net of Tax 25.1 M USD +73.1%
Retained Earnings (Accumulated Deficit) 1.05 B USD +408%
Stockholders' Equity Attributable to Parent 2.02 B USD +50.6%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 2.03 B USD +50.2%
Liabilities and Equity 4.35 B USD +47.5%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 26.3 M USD -82.7%
Net Cash Provided by (Used in) Financing Activities -1.6 M USD
Net Cash Provided by (Used in) Investing Activities -151 M USD -169%
Common Stock, Shares Authorized 700 M shares 0%
Common Stock, Shares, Issued 75.4 M shares +0.27%
Common Stock, Par or Stated Value Per Share 0.01 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -127 M USD -233%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 509 M USD -39.7%
Interest Paid, Excluding Capitalized Interest, Operating Activities 32.3 M USD -26.9%
Deferred Tax Assets, Valuation Allowance 4.19 B USD -11.2%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0 pure
Deferred Tax Assets, Gross 882 M USD +895%
Operating Lease, Liability 76.1 M USD +228%
Depreciation 101 M USD +10.9%
Payments to Acquire Property, Plant, and Equipment 151 M USD +169%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 855 M USD +199%
Lessee, Operating Lease, Liability, to be Paid 88.1 M USD +217%
Property, Plant and Equipment, Gross 2.01 B USD +68.4%
Operating Lease, Liability, Current 29.5 M USD +235%
Lessee, Operating Lease, Liability, to be Paid, Year Two 20.5 M USD +486%
Lessee, Operating Lease, Liability, to be Paid, Year One 32.4 M USD +203%
Operating Lease, Weighted Average Discount Rate, Percent 0.08 pure +13.4%
Deferred Income Tax Expense (Benefit) -789 M USD -6123%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 12 M USD +161%
Lessee, Operating Lease, Liability, to be Paid, Year Three 19.1 M USD +607%
Deferred Tax Assets, Operating Loss Carryforwards 3.31 B USD +9.25%
Preferred Stock, Shares Issued 0 shares
Deferred Federal Income Tax Expense (Benefit) 1.9 M USD -77.6%
Current Income Tax Expense (Benefit) 46.9 M USD +1413%
Preferred Stock, Shares Authorized 150 M shares 0%
Unrecognized Tax Benefits 201 M USD -7.45%
Lessee, Operating Lease, Liability, to be Paid, Year Four 10 M USD +317%
Operating Lease, Payments 26.2 M USD +87.1%
Additional Paid in Capital 1.13 B USD +2.18%
Current Federal Tax Expense (Benefit) -30.3 M USD -344%
Deferred Tax Assets, Net of Valuation Allowance 88.6 M USD +1.96%
Share-based Payment Arrangement, Expense 11.7 M USD +74.6%
Preferred Stock, Par or Stated Value Per Share 0.01 USD/shares 0%