Diamond Offshore Drilling Inc

DO

Not Compliant
Exchange
Sector
Headquarters
Group
NYSE
Energy
United States of America
Small cap

Diamond Offshore Drilling Inc is not Shariah Compliant because it fails the financial ratios.

0.81%

Impure Income*

-

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Small cap
BUY
$19.40
$16.00
$22.00
6
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
-9.34%
11.18%
3.69%
1.77
1.77
-18.18%

Shariah Compliance

  • Updated on September 12, 2024
Debt
44.24%
✗
Non-Compliant Assets
0.00%
Impure Income
0.81%
✓

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
68.61%
✗
Impure Income
0.81%
✓

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
50.85%
✗
Impure Income
0.81%
✓

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
38.89%
✗
Cash
9.83%
✓
Cash & AR
23.05%
✓
Impure Income
0.81%
✓

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
38.89%
✗
Cash
9.83%
✓
Cash & AR
23.05%
✓
Impure Income
0.81%
✓

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
0.81%

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Diamond Offshore Drilling, Inc. provides offshore drilling services. The Company provides contract drilling services to the energy industry around the globe with a fleet of approximately 13 offshore drilling rigs, consisting of four owned drill ships, seven owned semisubmersible rigs and two managed rigs. The Company also provides management and marketing services. It provides offshore drilling services to a customer base that includes independent oil and gas companies and government-owned oil companies. The Company’s fleet enables it to offer services in the floater market on a worldwide basis. The principal markets for its offshore contract drilling services are the Gulf of Mexico, including the United States, and Mexico; Canada; South America, principally offshore Brazil; Australia and Southeast Asia; Europe, principally offshore the United Kingdom; East and West Africa, and the Mediterranean. Its semisubmersible rigs include Ocean Apex, Ocean Onyx, Ocean Valiant and Ocean Patriot.

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