Borr Drilling (BORR) Asset Writedowns and Impairment (2019 - 2023)
Borr Drilling (BORR) reported Asset Writedowns and Impairment of -$131.7 million for Q4 2023, down 200.0% quarter-over-quarter from $131.7 million in Q3 2023.
Borr Drilling (BORR) Asset Writedowns and Impairment (2019 - 2023) Analysis & Trends
Borr Drilling (BORR) has 5 years of Asset Writedowns and Impairment data on file, last reported at -$131.7 million in Q4 2023.
- Asset Writedowns and Impairment for Q4 2023 came in at -$131.7 million, changed N/A year-over-year; the trailing twelve-month figure through Sep 2023 was $124.4 million (up 194.46% YoY), and the FY2022 annual result was $131.7 million, changed N/A from the prior year.
- Asset Writedowns and Impairment declined to -$131.7 million in Q4 2023 per BORR's latest filing, from $131.7 million in the prior quarter.
- Over five years, Asset Writedowns and Impairment peaked at $131.7 million in Q3 2023 and troughed at -$131.7 million in Q4 2023.
- A 5-year average of -$14.6 million and a median of -$11.4 million in 2019 frame the typical range for Asset Writedowns and Impairment.
- The sharpest annual moves came in 2020 and 2021: Asset Writedowns and Impairment tumbled 353.95% in 2020, then surged 9737.5% in 2021.
- A 5-year view of Asset Writedowns and Impairment shows it stood at -$11.4 million in 2019, then jumped by 92.98% to -$800000.0 in 2020, then slumped by 9537.5% to -$77.1 million in 2021, then surged by 90.53% to -$7.3 million in 2022, then tumbled by 1704.11% to -$131.7 million in 2023.
- Business Quant data shows BORR's Asset Writedowns and Impairment at -$131.7 million in Q4 2023, $131.7 million in Q3 2023, and -$7.3 million in Q3 2022.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Precision Drilling | 156.90 Bn | 156.84 Bn | 120.82 Mn |
| 2 | Noble | 7.48 Bn | 6.81 Bn | 755.58 Mn |
| 3 | Transocean | 6.71 Bn | 6.09 Bn | 475.00 Mn |
| 4 | Patterson Uti Energy | 4.36 Bn | 4.03 Bn | 535.85 Mn |
| 5 | Helmerich & Payne | 3.92 Bn | 3.82 Bn | 907.56 Mn |
| 6 | Seadrill | 2.75 Bn | 2.42 Bn | 177.00 Mn |
| 7 | Sable Offshore | 1.56 Bn | 1.51 Bn | -66.76 Mn |
| 8 | Nabors Industries | 1.45 Bn | 1.33 Bn | 290.08 Mn |
| 9 | Borr Drilling | 1.40 Bn | 1.16 Bn | - |
| 10 | Valaris | 492.40 Mn | -85.40 Mn | 92.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | -131.70 Mn |
| Dec 31, 2023 | -131.70 Mn |
| Sep 30, 2023 | 131.70 Mn |
| Sep 30, 2023 | 131.70 Mn |
| Sep 30, 2022 | -7.30 Mn |
| Sep 30, 2022 | -7.30 Mn |
| Jun 30, 2022 | -124.40 Mn |
| Jun 30, 2022 | -124.40 Mn |
| Dec 31, 2021 | -77.10 Mn |
| Dec 31, 2021 | -77.10 Mn |
| Sep 30, 2021 | 77.10 Mn |
| Sep 30, 2021 | 77.10 Mn |
| Mar 31, 2021 | 18.40 Mn |
| Mar 31, 2021 | 18.40 Mn |
| Sep 30, 2020 | -800,000.00 |
| Sep 30, 2020 | -800,000.00 |
| Jun 30, 2020 | -57.90 Mn |
| Jun 30, 2020 | -57.90 Mn |
| Mar 31, 2020 | -18.40 Mn |
| Mar 31, 2020 | -18.40 Mn |