Borr Drilling (BORR) Divestments (2019 - 2021)
Borr Drilling (BORR) posted quarterly Divestments of $6.3 million for Q4 2021, up 800.0% year-over-year from $700000.0 in Q4 2020, and down 83.72% quarter-over-quarter from $38.7 million in Q3 2021.
Borr Drilling (BORR) Divestments (2019 - 2021) Analysis & Trends
Borr Drilling (BORR) has reported Divestments for 3 consecutive years, with $6.3 million the latest figure, recorded in Q4 2021.
- In Q4 2021, Divestments rose 800.0% year-over-year to $6.3 million; the TTM figure through Jun 2022 stood at $43.4 million (up 728.99% YoY), while the FY2021 annual figure was $10.6 million, changed N/A from the prior year.
- Divestments fell to $6.3 million in Q4 2021 per BORR's latest filing, from $38.7 million in the prior quarter.
- Across five years, Divestments topped out at $38.7 million in Q3 2021 and bottomed at -$19.4 million in Q3 2019.
- Historically, Divestments has averaged -$1.0 million across 3 years, with a median of -$4.6 million in 2020.
- Annual changes were most pronounced in 2020 — Divestments jumped 61.34% — and 2021, when it jumped 800.0%.
- Borr Drilling's Divestments stood at -$11.5 million in 2019, then surged by 92.17% to -$900000.0 in 2020, then surged by 800.0% to $6.3 million in 2021.
- Business Quant data shows BORR's Divestments at $6.3 million in Q4 2021, $38.7 million in Q3 2021, and -$1.6 million in Q2 2021.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Divestments (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.43 Bn | 6.98 Bn | 273.38 Mn | - |
| 2 | Transocean | 6.68 Bn | 5.88 Bn | 358.00 Mn | - |
| 3 | Patterson Uti Energy | 4.70 Bn | 4.50 Bn | 597.25 Mn | - |
| 4 | Helmerich & Payne | 4.37 Bn | 4.13 Bn | 349.94 Mn | - |
| 5 | Seadrill | 2.95 Bn | 2.59 Bn | 234.00 Mn | - |
| 6 | Borr Drilling | 1.39 Bn | 1.17 Bn | - | - |
| 7 | Nabors Industries | 1.32 Bn | 807.28 Mn | 309.38 Mn | - |
| 8 | Precision Drilling | 1.18 Bn | 1.14 Bn | 89.29 Mn | - |
| 9 | Valaris | 827.45 Mn | 286.25 Mn | 123.70 Mn | - |
| 10 | Sable Offshore | 774.26 Mn | 752.66 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2021 | 6.30 Mn |
| Sep 30, 2021 | 38.70 Mn |
| Jun 30, 2021 | -1.60 Mn |
| Mar 31, 2021 | 3.10 Mn |
| Dec 31, 2020 | -900,000.00 |
| Sep 30, 2020 | -7.50 Mn |
| Jun 30, 2020 | -8.50 Mn |
| Mar 31, 2020 | -8.70 Mn |
| Dec 31, 2019 | -11.50 Mn |
| Sep 30, 2019 | -19.40 Mn |