The net debt of Valaris is US$682.7 million as of June 2024.
Net debt provides a snapshot of a company's financial leverage by offsetting its total debt with the cash and cash equivalents it holds. It offers a clearer picture of a company's true indebtedness than simply looking at its gross debt.
Understanding Valaris's Net Debt Position
As of June 2024, Valaris's financial position regarding debt and cash can be summarized as follows:
- Total Debt: Valaris had a total debt of approximately US$1.08 billion. This figure represents a significant increase from US$681.9 million just one year prior.
- Cash and Cash Equivalents: The company held US$398.3 million in cash.
To calculate net debt, the cash held by the company is subtracted from its total debt:
Net Debt = Total Debt - Cash and Cash Equivalents
For Valaris, this calculation is:
US$1.08 billion (Total Debt) - US$398.3 million (Cash) = US$682.7 million (Net Debt)
The following table provides a clear breakdown of these figures:
| Financial Metric | Amount (June 2024) |
|---|---|
| Total Debt | US$1.08 billion |
| Less: Cash | US$398.3 million |
| Net Debt | US$682.7 million |
This net debt figure indicates the company's financial standing after accounting for its readily available liquidity. For further financial insights, you can explore detailed reports on Valaris's debt structure and financial performance here.
