Rowan Companies (RDC) Sitting On Profits, Stifling Growth

Rupert Hargreaves

Published onSeptember 3, 2013

Updated on May 13, 2021

I have commented on the value available at Rowan Companies PLC (NYSE:RDC) before. The company currently trades slightly below book and the delivery of new drillships over the next year or so should significantly boost the company's bottom line.

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However, it could be the case that despite Rowan Companies PLC (NYSE:RDC)'s discount and very strong balance sheet, the company is not living up to its full potential.

Rowan has the highest current ratio amongst its peers

For a start, Rowan Companies PLC (NYSE:RDC) has the highest current ratio amongst its peers, the company has a current ratio of 6.2 compared to the industry...

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Rupert Hargreaves

Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha

Rowan Companies (RDC) Sitting On Profits, Stifling Growth

Rowan has the highest current ratio amongst its peers

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