Borr Drilling (BORR) Interest Coverage Ratio (2018 - 2026)
Borr Drilling (BORR) posted quarterly Interest Coverage Ratio of 1.28 for Q1 2026, up 19.48% year-over-year from 1.07 in Q1 2025, and up 59.91% quarter-over-quarter from 0.8 in Q4 2025.
Borr Drilling (BORR) Interest Coverage Ratio (2018 - 2026) Analysis & Trends
Borr Drilling (BORR) has reported Interest Coverage Ratio for 9 consecutive years, with 1.28 the latest figure, recorded in Q1 2026.
- In Q1 2026, Interest Coverage Ratio rose 19.48% year-over-year to 1.28; the TTM figure through Mar 2026 stood at 0.17 (up 484.13% YoY), while the FY2025 annual figure was 1.41, down 20.22% from the prior year.
- Interest Coverage Ratio improved to 1.28 in Q1 2026 per BORR's latest filing, from 0.8 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 4.03 in Q2 2022 and bottomed at 1.53 in Q3 2023.
- Historically, Interest Coverage Ratio has averaged 0.11 across 5 years, with a median of 0.31 in 2025.
- Annual changes were most pronounced in 2022 — Interest Coverage Ratio jumped 270.71% — and 2023, when it plunged 1265.21%.
- Borr Drilling's Interest Coverage Ratio stood at 0.57 in 2022, then sank by 43.12% to 0.81 in 2023, then jumped by 145.77% to 0.37 in 2024, then soared by 115.5% to 0.8 in 2025, then surged by 59.91% to 1.28 in 2026.
- Business Quant data shows BORR's Interest Coverage Ratio at 1.28 in Q1 2026, 0.8 in Q4 2025, and 0.31 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.46 Bn | 7.01 Bn | 273.38 Mn | 0.84 |
| 2 | Transocean | 6.71 Bn | 5.91 Bn | 358.00 Mn | -7.60 |
| 3 | Patterson Uti Energy | 4.63 Bn | 4.43 Bn | 597.25 Mn | -0.34 |
| 4 | Helmerich & Payne | 4.39 Bn | 4.16 Bn | 349.94 Mn | 7.70 |
| 5 | Seadrill | 2.96 Bn | 2.60 Bn | 234.00 Mn | 4.50 |
| 6 | Borr Drilling | 1.36 Bn | 1.14 Bn | - | 0.00 |
| 7 | Nabors Industries | 1.30 Bn | 792.72 Mn | 309.38 Mn | -11.54 |
| 8 | Precision Drilling | 1.15 Bn | 1.10 Bn | 89.29 Mn | 7.89 |
| 9 | Valaris | 886.35 Mn | 345.15 Mn | 123.70 Mn | - |
| 10 | Sable Offshore | 777.33 Mn | 755.73 Mn | - | -1.55 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.00 |
| Mar 31, 2026 | 1.28 |
| Dec 31, 2025 | 0.80 |
| Sep 30, 2025 | 0.31 |
| Jun 30, 2025 | -0.98 |
| Mar 31, 2025 | 1.07 |
| Dec 31, 2024 | 0.37 |
| Sep 30, 2024 | 0.53 |
| Jun 30, 2024 | -1.23 |
| Mar 31, 2024 | 0.33 |
| Dec 31, 2023 | -0.81 |
| Sep 30, 2023 | -1.53 |
| Jun 30, 2023 | -0.89 |
| Mar 31, 2023 | -1.19 |
| Dec 31, 2022 | -0.57 |
| Sep 30, 2022 | -0.11 |
| Jun 30, 2022 | 4.03 |
| Mar 31, 2022 | 0.45 |
| Dec 31, 2021 | 0.53 |
| Sep 30, 2021 | 0.38 |