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 150.0% year-over-year from $263.4 million in Q4 2022, and down 200.0% on a QoQ basis from $131.7 million in Q3 2023.
Borr Drilling (BORR) has 5 years of Asset Writedowns and Impairment data on file, last reported at -$131.7 million in Q4 2023.
- Quarterly Asset Writedowns and Impairment fell 150.0% year-over-year to -$131.7 million in Q4 2023, while the trailing twelve-month figure through Dec 2023 was $263.4 million (down 13.18% YoY) and the FY2022 annual result came in at -$131.7 million, changed N/A from the prior year.
- Asset Writedowns and Impairment fell to -$131.7 million in Q4 2023 per BORR's latest filing, from $131.7 million in the prior quarter.
- Across five years, Asset Writedowns and Impairment topped out at $263.4 million in Q4 2022 and bottomed at -$131.7 million in Q4 2023.
- The 5-year median for Asset Writedowns and Impairment is $8.8 million (2020), against an average of $25.6 million.
- The widest annual swing landed in 2021, when Asset Writedowns and Impairment soared 9737.5%; it then slumped 150.0% in 2023.
- Tracing BORR's Asset Writedowns and Impairment over 5 years: stood at -$11.4 million in 2019, then surged by 92.98% to -$800000.0 in 2020, then plunged by 9537.5% to -$77.1 million in 2021, then jumped by 441.63% to $263.4 million in 2022, then tumbled by 150.0% to -$131.7 million in 2023.
- Per Business Quant, the three latest BORR Asset Writedowns and Impairment figures stand at -$131.7 million (Q4 2023), $131.7 million (Q3 2023), and $263.4 million (Q4 2022).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Precision Drilling | 157.47 Bn | 157.41 Bn | 120.82 Mn |
| 2 | Noble | 8.34 Bn | 7.67 Bn | 755.58 Mn |
| 3 | Transocean | 7.55 Bn | 6.94 Bn | 475.00 Mn |
| 4 | Patterson Uti Energy | 4.63 Bn | 4.30 Bn | 535.85 Mn |
| 5 | Helmerich & Payne | 3.96 Bn | 3.86 Bn | 907.56 Mn |
| 6 | Seadrill | 3.20 Bn | 2.87 Bn | 177.00 Mn |
| 7 | Sable Offshore | 2.10 Bn | 2.05 Bn | -66.76 Mn |
| 8 | Nabors Industries | 1.49 Bn | 1.37 Bn | 290.08 Mn |
| 9 | Borr Drilling | 1.48 Bn | 1.10 Bn | - |
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 |
| Dec 31, 2022 | 263.40 Mn |
| Dec 31, 2022 | 263.40 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 |
| Dec 31, 2020 | 154.20 Mn |
| Dec 31, 2020 | 154.20 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 |
| Dec 31, 2019 | -11.40 Mn |
| Dec 31, 2019 | -11.40 Mn |
| Sep 30, 2019 | 22.80 Mn |
| Sep 30, 2019 | 22.80 Mn |
| Mar 31, 2019 | -11.40 Mn |
| Mar 31, 2019 | -11.40 Mn |