Transocean
5/10
Transocean carries $4.9B in long-term debt. RIG shows negative interest coverage (-3.6x), indicating operating losses exceed interest costs. DebtCanary scores RIG at 5/10, indicating moderate refinancing pressure.
Maturity Schedule
| Period | Amount Due |
|---|---|
| Year 1 (0-12 months) | N/A |
| Year 2 (12-24 months) | N/A |
| Year 3 (24-36 months) | N/A |
| Year 4 (36-48 months) | N/A |
| Year 5 (48-60 months) | N/A |
| Beyond 5 Years | N/A |
| Total Scheduled Maturities | N/A |
Key Metrics
How This Score Was Computed
Weighted average of 3 scored components (raw 5.00, rounded to 5). Weights of skipped components are redistributed proportionally among those scored.
| Component | Value | Sub-Score |
|---|---|---|
|
Near-Term Maturity Concentration
No Year-1 maturity bucket was reported in recent filings.
|
N/A | — |
Interest Coverage Ratio
Show calculationOperating income / Interest expense
Operating income: -$2.3B
Interest expense: $646M
GAAP operating income is negative while operating cash flow is positive (commonly stock-based compensation). The sub-score uses cash-flow coverage of 1.2x ($749M operating cash flow / $646M interest) so a non-cash loss doesn't read as debt distress. The displayed ratio stays GAAP.
|
-3.62x | 7/10 |
Debt-to-Equity Ratio
Show calculationLong-term debt / Stockholders' equity
Long-term debt: $4.9B
Stockholders' equity: $8.2B
|
0.60 | 3/10 |
Cash Coverage of Near-Term Debt
Show calculationCash & equivalents / Debt due within 12 months
Cash & equivalents: $330M
Near-term debt (balance-sheet DebtCurrent): $329M
No Year-1 maturity bucket was reported, so balance-sheet short-term debt (DebtCurrent) is used as the near-term obligation. This is why cash coverage can be scored even when the maturity schedule shows Year 1 as N/A.
|
1.00x | 5/10 |
|
Cash Runway
Only scored when a company is burning cash. Operating cash flow is positive (or unreported), so runway isn't a constraint.
|
N/A | — |
"Weight Used" shows each component's share after the weights of unscored components are redistributed. Full thresholds and formulas are on the methodology page.
Recent SEC Filings
Material disclosures from Transocean's most recent EDGAR filings. 8-K item labels indicate the type of event reported.
| Date | Form | Details |
|---|---|---|
| 2026-07-01 | DEFA14A | Additional proxy materials |
| 2026-07-01 | 8-K | Reg FD Disclosure, Other Events |
| 2026-06-16 | 8-K | Reg FD Disclosure |
| 2026-05-26 | 8-K | Unregistered Share Sale, Bylaw Amendment, Shareholder Vote |
| 2026-05-19 | DEFA14A | Additional proxy materials |
| 2026-05-19 | 8-K | Material Agreement |
| 2026-05-05 | 10-Q | Quarterly report |
| 2026-05-05 | DEFA14A | Additional proxy materials |
Related Companies
Data Source:
Financial data sourced from SEC EDGAR XBRL filings (10-K annual reports).
Fiscal period end: 2026-03-31.
Filing date: 2026-05-05.
Data last fetched: 2026-07-28.
Maturity schedules reflect the company's most recently reported debt repayment obligations.
This company does not tag the standard LongTermDebt concept;
its debt figure comes from LongTermDebtAndCapitalLeaseObligations.
Data quality: Partial.
View SEC EDGAR filings for Transocean →