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RIG · CIK 0001451505 · FY2025 live · 2025-12-31

Transocean Ltd.

DistressSEC 10-KZ″Energy20th percentile in Energy · 170 names

View as

Model

Z″

FY2025

−1.12

Zone

Distress

Prior

—

Market DD

—

1y PD

—

Meridian Rank

34.55

0–100 · Z″ tape · not a PD

  • Book standing

    25

  • Year change

    —

  • Market PD

    —

  • O-score

    60

Events on this name

Same published rows as Today. Not a live recompute.

  • MARKET PD UNAVAILABLE

    watch · 41

    • mertonPd: — → —

−1.12

Classic Z −0.20

−21.12.68+

Z″ −1.12 · distress below 1.10, grey to 2.60, safe above.

Z″ factor contributions

  • X1 Working capital / assets

    Short-term liquidity. Carries more weight in Z″ than in classic Z.

    0.05
    6.56 × = 0.31

  • X2 Retained earnings / assets

    Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.

    −0.48
    3.26 × = −1.55

  • X3 EBIT / assets

    Operating return on assets. Highest weight in Z″.

    −0.15
    6.72 × = −1.00

  • X4 Book equity / liabilities

    Book equity versus the liability stack. Sales / assets is omitted so asset-light names are not punished for turnover.

    1.08
    1.05 × = 1.13

Five-year path

Need two annual 10-Ks to draw a path. The desk will pull this issuer’s filings rather than invent a series.

Overview

rule-v1

Transocean Ltd. is on Z″ at −1.12 (distress) for FY2025, from an SEC 10-K. Retained earnings / assets is the line that sets the print; book equity / liabilities is the runner-up. This is the first live year on the desk. No market tape loaded. Z″ drops sales/assets so asset-light names are not punished for turnover. X4 is book equity on every name.

Book screen Distress; market PD —. Tape not priced — not a single default call.

Market DD · naive Merton

No market tape yet.

Pull a year of closes (Yahoo, Nasdaq if Yahoo is limited) and size equity from Nasdaq cap or EDGAR shares. Distance-to-default and 1-year PD stay blank until then.

Sector peers

Closest Z″ scores · 20th percentile in Energy.

KPI widgets

Current assets

$2.1B

Total assets

$15.6B

Current liabilities

$1.3B

Total liabilities

$7.5B

Working capital

$745M

Retained earnings

−$7.5B

EBIT

−$2.3B

Total sales

$4.0B

Book equity

$8.1B

Accession 0001451505-26-000018. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-12-31). Z″ is the live score. View as does not rewrite the live rank. X4 is book equity. Pulled 13 Sept 2026.