Borr Drilling Ltd balance sheet

At the end of fiscal 2025, Borr Drilling Ltd had total assets of $3.63bn, total liabilities of $2.40bn and shareholders' equity of $1.22bn. It held $380m in cash against $2.15bn of debt: net debt of $1.77bn.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Borr Drilling Ltd: balance sheet, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	203	28	59	19	35	108	103	62	380
Receivables	—	25	40	23	29	43	—	—	—
Total current assets	—	209	278	141	176	350	410	517	768
Total assets	—	2,914	3,280	3,171	3,080	3,002	3,080	3,420	3,626
Accounts payable	—	10	14	20	35	48	36	82	34
Deferred revenue (current)	—	0	6	3	4	57	60	27	24
Total current liabilities	—	119	250	96	118	746	360	410	351
Short-term debt	—	—	—	—	0	446	83	118	129
Long-term debt	—	1,175	1,710	1,906	1,916	1,191	1,619	1,993	2,021
Total debt	0	1,175	1,710	1,906	1,916	1,637	1,702	2,111	2,150
Total liabilities	—	1,380	1,986	2,134	2,190	2,104	2,096	2,426	2,403
Shareholders' equity	1,493	1,532	1,291	1,037	890	898	984	993	1,223
Net debt (negative = net cash)	−203	1,147	1,651	1,887	1,881	1,529	1,599	2,049	1,771
Shares outstanding	—	—	—	—	137m	—	253m	245m	307m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Borr Drilling Ltd's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Borr Drilling Ltd.