Borr Drilling Debt-to-EBITDA Ratio Growth & History (BORR)
Borr Drilling's debt-to-ebitda ratio was 4.58 for fiscal 2025.
View full Borr Drilling company overviewBorr Drilling annual debt-to-ebitda ratio history
| Fiscal year | Period ended | Debt-to-EBITDA ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 4.58 | 0.40 | +9.51% |
| 2024 | 2024-12-31 | 4.18 | −0.45 | −9.77% |
| 2023 | 2023-12-31 | 4.63 | −107.64 | −95.88% |
| 2022 | 2022-12-31 | 112.27 | 51.00 | +83.23% |
| 2021 | 2021-12-31 | 61.27 | — | — |
Borr Drilling quarterly debt-to-ebitda ratio
| Fiscal quarter | Period ended | Debt-to-EBITDA ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 6.82 | — | — |
| Q1 2026 | 2026-03-31 | 5.08 | — | — |
| Q4 2025 | 2025-12-31 | 4.71 | — | — |
Borr Drilling debt-to-ebitda ratio trends
Between the periods ended 2021-12-31 and 2025-12-31, Borr Drilling's debt-to-ebitda ratio decreased from 61.27 to 4.58, a change of −56.70. The latest reported quarter, Q2 2026, shows 6.82.
What the debt-to-EBITDA ratio means
Debt-to-EBITDA compares interest-bearing debt with operating earnings before interest, taxes, depreciation, and amortization. It is commonly used to assess leverage, but it is generally unsuitable for banks and other financial companies.
How debt-to-EBITDA is calculated
TickerStat divides period-end total debt by annual EBITDA. Quarterly observations use trailing-12-month EBITDA. Periods with zero or negative EBITDA are excluded because the leverage multiple would not be meaningful. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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Borr Drilling extends rig contracts and starts Odin operations
Borr Drilling ($BORR) reported that Odin had begun earning its day rate offshore Texas and announced additional work for two other rigs. Idun secured a three-well program in Vietnam expected to last approximately 130 days, beginning in the ...