Diamond Balance Sheet Analysis

DO Stock

USD 13.58 0.27 2.03%

Most accounts from Diamond Offshore's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Diamond Offshore Drilling current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Diamond Offshore Valuation and Diamond Offshore Correlation analysis.

At this time, Diamond Offshore's Net Receivables is very stable compared to the past year. As of the 24th of April 2024, Common Stock Shares Outstanding is likely to grow to about 107.9 M, while Total Assets are likely to drop about 1.6 B.

Net Receivables Accounts Payable

	2021	2022	2023	2024 (projected)
Short and Long Term Debt Total	446.5M	522.5M	700.5M	1.3B
Total Assets	1.5B	1.5B	1.7B	1.6B

Short Long Term Debt Total Total Assets

Diamond Offshore balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Short Term Investments	Current Deferred Revenue	Inventory
Total Assets		0.8	0.65	0.65	0.98	0.96	0.74	0.96	0.53	0.72	0.97	-0.71	0.6	0.59	-0.35	0.9	0.9	0.76	0.91	0.95	0.63	0.69	0.91	0.42	0.42	-0.36
Short Long Term Debt Total	0.8		0.68	0.66	0.81	0.82	0.99	0.83	0.45	0.3	0.81	-0.51	0.36	0.54	-0.44	0.63	0.7	0.67	0.78	0.72	0.45	0.54	0.64	0.22	0.42	-0.39
Other Current Liab	0.65	0.68		0.91	0.63	0.53	0.64	0.69	0.78	0.35	0.53	-0.66	0.61	0.86	-0.48	0.34	0.55	0.58	0.64	0.61	0.72	0.78	0.32	0.5	0.54	-0.43
Total Current Liabilities	0.65	0.66	0.91		0.62	0.59	0.63	0.67	0.83	0.26	0.58	-0.74	0.47	0.77	-0.33	0.36	0.54	0.51	0.65	0.65	0.57	0.86	0.35	0.4	0.4	-0.27
Total Stockholder Equity	0.98	0.81	0.63	0.62		0.93	0.76	0.99	0.53	0.66	0.93	-0.77	0.6	0.63	-0.27	0.89	0.8	0.82	0.95	0.87	0.65	0.71	0.9	0.45	0.33	-0.29
Property Plant And Equipment Net	0.96	0.82	0.53	0.59	0.93		0.77	0.9	0.45	0.62	1.0	-0.6	0.36	0.44	-0.35	0.89	0.89	0.71	0.87	0.93	0.4	0.58	0.92	0.17	0.39	-0.36
Net Debt	0.74	0.99	0.64	0.63	0.76	0.77		0.79	0.43	0.16	0.75	-0.47	0.27	0.48	-0.4	0.55	0.61	0.61	0.73	0.64	0.36	0.51	0.57	0.16	0.36	-0.32
Retained Earnings	0.96	0.83	0.69	0.67	0.99	0.9	0.79		0.58	0.6	0.9	-0.8	0.61	0.69	-0.27	0.83	0.75	0.84	0.96	0.82	0.67	0.76	0.84	0.48	0.34	-0.26
Accounts Payable	0.53	0.45	0.78	0.83	0.53	0.45	0.43	0.58		0.22	0.46	-0.8	0.41	0.69	0.02	0.36	0.34	0.44	0.5	0.47	0.5	0.71	0.32	0.41	0.08	-0.11
Cash	0.72	0.3	0.35	0.26	0.66	0.62	0.16	0.6	0.22		0.64	-0.44	0.66	0.38	-0.31	0.72	0.77	0.6	0.57	0.76	0.64	0.35	0.72	0.46	0.4	-0.34
Non Current Assets Total	0.97	0.81	0.53	0.58	0.93	1.0	0.75	0.9	0.46	0.64		-0.61	0.37	0.45	-0.35	0.9	0.89	0.7	0.86	0.94	0.41	0.58	0.93	0.18	0.39	-0.36
Non Currrent Assets Other	-0.71	-0.51	-0.66	-0.74	-0.77	-0.6	-0.47	-0.8	-0.8	-0.44	-0.61		-0.62	-0.73	-0.17	-0.62	-0.42	-0.73	-0.8	-0.57	-0.68	-0.83	-0.58	-0.61	0.06	0.06
Cash And Short Term Investments	0.6	0.36	0.61	0.47	0.6	0.36	0.27	0.61	0.41	0.66	0.37	-0.62		0.66	-0.2	0.47	0.49	0.5	0.56	0.53	0.97	0.6	0.43	0.96	0.27	-0.2
Net Receivables	0.59	0.54	0.86	0.77	0.63	0.44	0.48	0.69	0.69	0.38	0.45	-0.73	0.66		-0.25	0.4	0.43	0.58	0.61	0.49	0.79	0.87	0.34	0.59	0.35	-0.36
Good Will	-0.35	-0.44	-0.48	-0.33	-0.27	-0.35	-0.4	-0.27	0.02	-0.31	-0.35	-0.17	-0.2	-0.25		-0.04	-0.52	-0.22	-0.24	-0.45	-0.25	-0.22	-0.12	0.02	-0.98	0.36
Common Stock Shares Outstanding	0.9	0.63	0.34	0.36	0.89	0.89	0.55	0.83	0.36	0.72	0.9	-0.62	0.47	0.4	-0.04		0.83	0.65	0.79	0.85	0.48	0.47	0.99	0.32	0.11	-0.35
Non Current Liabilities Total	0.9	0.7	0.55	0.54	0.8	0.89	0.61	0.75	0.34	0.77	0.89	-0.42	0.49	0.43	-0.52	0.83		0.55	0.7	0.97	0.52	0.47	0.84	0.26	0.56	-0.54
Other Current Assets	0.76	0.67	0.58	0.51	0.82	0.71	0.61	0.84	0.44	0.6	0.7	-0.73	0.5	0.58	-0.22	0.65	0.55		0.89	0.61	0.58	0.56	0.65	0.35	0.27	-0.26
Other Stockholder Equity	0.91	0.78	0.64	0.65	0.95	0.87	0.73	0.96	0.5	0.57	0.86	-0.8	0.56	0.61	-0.24	0.79	0.7	0.89		0.78	0.62	0.73	0.8	0.43	0.31	-0.26
Total Liab	0.95	0.72	0.61	0.65	0.87	0.93	0.64	0.82	0.47	0.76	0.94	-0.57	0.53	0.49	-0.45	0.85	0.97	0.61	0.78		0.55	0.6	0.87	0.33	0.51	-0.45
Total Current Assets	0.63	0.45	0.72	0.57	0.65	0.4	0.36	0.67	0.5	0.64	0.41	-0.68	0.97	0.79	-0.25	0.48	0.52	0.58	0.62	0.55		0.68	0.43	0.91	0.33	-0.28
Short Term Debt	0.69	0.54	0.78	0.86	0.71	0.58	0.51	0.76	0.71	0.35	0.58	-0.83	0.6	0.87	-0.22	0.47	0.47	0.56	0.73	0.6	0.68		0.45	0.55	0.33	-0.14
Common Stock	0.91	0.64	0.32	0.35	0.9	0.92	0.57	0.84	0.32	0.72	0.93	-0.58	0.43	0.34	-0.12	0.99	0.84	0.65	0.8	0.87	0.43	0.45		0.27	0.18	-0.32
Short Term Investments	0.42	0.22	0.5	0.4	0.45	0.17	0.16	0.48	0.41	0.46	0.18	-0.61	0.96	0.59	0.02	0.32	0.26	0.35	0.43	0.33	0.91	0.55	0.27		0.05	-0.04
Current Deferred Revenue	0.42	0.42	0.54	0.4	0.33	0.39	0.36	0.34	0.08	0.4	0.39	0.06	0.27	0.35	-0.98	0.11	0.56	0.27	0.31	0.51	0.33	0.33	0.18	0.05		-0.33
Inventory	-0.36	-0.39	-0.43	-0.27	-0.29	-0.36	-0.32	-0.26	-0.11	-0.34	-0.36	0.06	-0.2	-0.36	0.36	-0.35	-0.54	-0.26	-0.26	-0.45	-0.28	-0.14	-0.32	-0.04	-0.33

Click cells to compare fundamentals

Diamond Offshore Account Relationship Matchups

Diamond Offshore balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.0B	5.2B	1.5B	1.5B	1.7B	1.6B
Other Current Liab	204.4M	111.2M	123.7M	172.1M	217.1M	251.9M
Net Debt	2.0B	(284.1M)	408.1M	459.4M	654.2M	968.9M
Retained Earnings	1.4B	157.3M	(177.3M)	(280.6M)	(325.3M)	(309.0M)
Accounts Payable	68.6M	33.4M	38.7M	47.6M	42.0M	52.9M
Cash	156.3M	430.4M	38.4M	63.0M	46.4M	44.1M
Net Receivables	257.2M	133.5M	148.2M	172.1M	256.9M	348.6M
Other Current Assets	25.1M	29.0M	7.0M	48.7M	35.2M	33.4M
Total Liab	2.8B	3.2B	763.7M	848.3M	1.1B	1.0B
Total Current Assets	456.8M	605.5M	271.5M	318.1M	435.5M	860.4M
Short Term Debt	20.0M	5.1M	31.9M	30.4M	24.4M	23.2M
Common Stock	1.4M	1.4M	1.5M	10K	9K	8.6K
Inventory	18.3M	12.6M	78.0M	34.3M	4.7M	4.5M
Other Assets	35.2M	45.5M	45.2M	37.6M	33.9M	53.8M
Long Term Debt	2.0B	0.0	266.2M	360.6M	533.5M	906.3M
Long Term Debt Total	2.0B	0.0	414.6M	492.0M	442.8M	420.7M
Capital Surpluse	2.0B	2.0B	945.0M	964.5M	868.0M	1.4B
Cash And Equivalents	156.3M	405.9M	38.4M	63.0M	56.7M	53.9M
Other Liab	323.5M	126.7M	93.6M	78.0M	70.2M	137.9M
Net Tangible Assets	3.2B	2.0B	767.7M	679.7M	611.7M	581.1M

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Diamond Offshore in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Diamond Offshore's short interest history, or implied volatility extrapolated from Diamond Offshore options trading.

Pair Trading with Diamond Offshore

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Diamond Offshore position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Diamond Offshore will appreciate offsetting losses from the drop in the long position's value.

Moving together with Diamond Stock

0.65	HP	Helmerich and Payne Earnings Call Tomorrow	Pair Corr
0.95	NE	Noble plc Financial Report 1st of May 2024	Pair Corr

Moving against Diamond Stock

0.64

NACCO Industries

Pair Corr

The ability to find closely correlated positions to Diamond Offshore could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Diamond Offshore when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Diamond Offshore - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Diamond Offshore Drilling to buy it.

The correlation of Diamond Offshore is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Diamond Offshore moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Diamond Offshore Drilling moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Diamond Offshore can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Diamond Offshore Drilling offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Diamond Offshore's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Diamond Offshore Drilling Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Diamond Offshore Drilling Stock:

How To Invest In Diamond

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Is Diamond Stock a good investment?

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What is Diamond Offshore's Net Worth?

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Check out Diamond Offshore Valuation and Diamond Offshore Correlation analysis.

You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

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When running Diamond Offshore's price analysis, check to measure Diamond Offshore's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Diamond Offshore is operating at the current time. Most of Diamond Offshore's value examination focuses on studying past and present price action to predict the probability of Diamond Offshore's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Diamond Offshore's price. Additionally, you may evaluate how the addition of Diamond Offshore to your portfolios can decrease your overall portfolio volatility.

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Is Diamond Offshore's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Diamond Offshore. If investors know Diamond will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Diamond Offshore listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.44)

Revenue Per Share

9.662

Quarterly Revenue Growth

0.346

Return On Assets

0.018

Return On Equity

(0.07)

The market value of Diamond Offshore Drilling is measured differently than its book value, which is the value of Diamond that is recorded on the company's balance sheet. Investors also form their own opinion of Diamond Offshore's value that differs from its market value or its book value, called intrinsic value, which is Diamond Offshore's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Diamond Offshore's market value can be influenced by many factors that don't directly affect Diamond Offshore's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Diamond Offshore's value and its price as these two are different measures arrived at by different means. Investors typically determine if Diamond Offshore is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Diamond Offshore's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Diamond Balance Sheet Analysis

Diamond Offshore balance sheet Correlations

Diamond Offshore Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Diamond Offshore balance sheet Accounts

Pair Trading with Diamond Offshore

Moving together with Diamond Stock

Moving against Diamond Stock

Complementary Tools for Diamond Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Net Debt	+ 0.99	Short Long Term Debt Total
Retained Earnings	+ 0.99	Total Stockholder Equity
Common Stock	+ 0.99	Common Stock Shares Outstanding
Total Stockholder Equity	+ 0.98	Total Assets
Non Current Assets Total	+ 0.97	Total Assets

Current Deferred Revenue	- 0.98	Good Will
Short Term Debt	- 0.83	Non Currrent Assets Other
Other Stockholder Equity	- 0.8	Non Currrent Assets Other
Non Currrent Assets Other	- 0.8	Accounts Payable
Non Currrent Assets Other	- 0.8	Retained Earnings
Non Currrent Assets Other	- 0.77	Total Stockholder Equity