RIG NYSE
Transocean Ltd.
1W: +11.1%
1M: +28.8%
3M: +32.1%
YTD: +58.2%
1Y: +73.8%
3Y: -5.5%
5Y: +63.7%
$6.71
+0.25 (+3.87%)
Weekly Expected Move ±5.7%
$6
$6
$6
$7
$7
Credit Risk of going bust: higher than 69% of companies Debt: 40.6% of company value Bonds: $712.8M held by 429 funds, 280 bp over Treasuries → details ▾
If the stock fell to about $0.40 (down 94%), Transocean Ltd. would be worth roughly what it owes.
Total debt $5.12B against a stock market value of $7.49B.
Distance to default 3.50 (Merton model): prices to 2026-10-28, balance sheet 2026-06-30, debt counted $2.76B (short-term plus half of long-term), stock volatility 49.3%; Altman Z'' -0.42. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
Total debt $5.12B against a stock market value of $7.49B.
Distance to default 3.50 (Merton model): prices to 2026-10-28, balance sheet 2026-06-30, debt counted $2.76B (short-term plus half of long-term), stock volatility 49.3%; Altman Z'' -0.42. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
Overview
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Financials
Income Statement
Cash Flow
Balance Sheet
Earnings
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Institutions
ETF Exposure
Dark Pool
Short Interest
Supply Chain
Cash Flow Trends
Operating Cash Flow
$749M
+67.6% ▲
5Y CAGR: +13.5%
Capital Expenditures
$123M
+51.6% ▲
5Y CAGR: -14.2%
Free Cash Flow
$626M
+224.4% ▲
5Y CAGR: +36.3%
Dividends Paid
$0
+0.0% ▲
Buybacks
$0
+0.0% ▲
Net Change in Cash
$56M
+203.7% ▲
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | -$591M | -$621M | -$954M | -$512M | -$2.9B |
| Depreciation & Amort. | $962M | $852M | $796M | $743M | $659M |
| Stock-Based Comp. | $28M | $29M | $40M | $47M | $0 |
| Change in Working Capital | -$77M | -$94M | -$233M | -$254M | -$109M |
| Other Non-Cash Items | $125M | $236M | $497M | $465M | $3.2B |
| Operating Cash Flow | $575M | $448M | $164M | $447M | $749M |
| — Investing Activities — | |||||
| Capital Expenditures | -$208M | -$717M | -$427M | -$254M | -$123M |
| Acquisitions (Net) | -$1M | -$42M | $0 | $0 | $84M |
| Investment Purchases | -$1M | -$42M | $0 | $0 | $0 |
| Investment Sales | $1M | $42M | $0 | $0 | $6M |
| Other Investing | -$24M | $2M | $4M | $103M | $0 |
| Investing Cash Flow | -$233M | -$757M | -$423M | -$151M | -$33M |
| — Financing Activities — | |||||
| Net Debt Issuance | -$606M | -$379M | $266M | -$333M | -$1.1B |
| Stock Repurchased | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing | -$42M | $4M | -$3M | -$17M | -$17M |
| Financing Cash Flow | -$490M | -$112M | $263M | -$350M | -$660M |
| Net Change in Cash | -$148M | -$421M | $4M | -$54M | $56M |
| Cash End of Period | $1.4B | $991M | $995M | $941M | $997M |
| Free Cash Flow | $367M | -$269M | -$263M | $193M | $626M |