Borr Drilling annual net debt
2018
2019
2020
2021
2022
2023
2024
2025
Borr Drilling Net Debt Growth & History (BORR)
Borr Drilling's net debt was $1.77B for fiscal 2025.
View full Borr Drilling company overviewBorr Drilling annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.77B | −$278.8M | −13.60% |
| 2024 | 2024-12-31 | $2.05B | $449.4M | +28.07% |
| 2023 | 2023-12-31 | $1.60B | $69.6M | +4.55% |
| 2022 | 2022-12-31 | $1.53B | −$351.8M | −18.68% |
| 2021 | 2021-12-31 | $1.88B | −$10.0M | −0.53% |
| 2020 | 2020-12-31 | $1.89B | $232.4M | +13.99% |
| 2019 | 2019-12-31 | $1.66B | $513.9M | +44.82% |
| 2018 | 2018-12-31 | $1.15B | — | — |
Borr Drilling quarterly net debt
Q4.19
Q4.20
Q2.21
Q4.21
Q2.22
Q4.22
Q2.23
Q4.23
Q2.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $2.26B | $303.2M | +15.47% |
| Q1 2026 | 2026-03-31 | $2.06B | $113.9M | +5.86% |
| Q4 2025 | 2025-12-31 | $1.77B | −$278.8M | −13.60% |
| Q3 2025 | 2025-09-30 | $1.83B | — | — |
| Q2 2025 | 2025-06-30 | $1.96B | $308.5M | +18.68% |
| Q1 2025 | 2025-03-31 | $1.95B | — | — |
| Q4 2024 | 2024-12-31 | $2.05B | $449.4M | +28.07% |
| Q2 2024 | 2024-06-30 | $1.65B | $95.2M | +6.12% |
| Q4 2023 | 2023-12-31 | $1.60B | $69.6M | +4.55% |
| Q2 2023 | 2023-06-30 | $1.56B | −$338.7M | −17.87% |
| Q4 2022 | 2022-12-31 | $1.53B | −$351.8M | −18.68% |
| Q2 2022 | 2022-06-30 | $1.90B | $13.9M | +0.74% |
| Q4 2021 | 2021-12-31 | $1.88B | −$10.0M | −0.53% |
| Q2 2021 | 2021-06-30 | $1.88B | — | — |
| Q4 2020 | 2020-12-31 | $1.89B | $232.4M | +13.99% |
| Q4 2019 | 2019-12-31 | $1.66B | — | — |
Borr Drilling net debt trends
Over the last five fiscal years, Borr Drilling's net debt decreased from $1.89B to $1.77B, a change of −$121.6M. The latest reported quarter, Q2 2026, shows $2.26B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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