Precision Drilling Balance Sheet Health
Financial Health criteria checks 4/6
Precision Drilling has a total shareholder equity of CA$1.7B and total debt of CA$788.0M, which brings its debt-to-equity ratio to 47.4%. Its total assets and total liabilities are CA$2.9B and CA$1.2B respectively. Precision Drilling's EBIT is CA$246.1M making its interest coverage ratio 3.4. It has cash and short-term investments of CA$24.3M.
Key information
47.4%
Debt to equity ratio
CA$787.96m
Debt
| Interest coverage ratio | 3.4x |
| Cash | CA$24.30m |
| Equity | CA$1.66b |
| Total liabilities | CA$1.23b |
| Total assets | CA$2.89b |
Recent financial health updates
Does Precision Drilling (TSE:PD) Have A Healthy Balance Sheet?
Sep 29
We Think Precision Drilling (TSE:PD) Can Stay On Top Of Its Debt
Jun 05We Think Precision Drilling (TSE:PD) Is Taking Some Risk With Its Debt
Sep 13We Think Precision Drilling (TSE:PD) Is Taking Some Risk With Its Debt
Jun 08Precision Drilling (TSE:PD) Has A Somewhat Strained Balance Sheet
Feb 23Is Precision Drilling (TSE:PD) Using Debt In A Risky Way?
Oct 23Recent updates
Does Precision Drilling (TSE:PD) Have A Healthy Balance Sheet?
Sep 29We Like These Underlying Return On Capital Trends At Precision Drilling (TSE:PD)
Sep 13We Ran A Stock Scan For Earnings Growth And Precision Drilling (TSE:PD) Passed With Ease
Aug 29Earnings Working Against Precision Drilling Corporation's (TSE:PD) Share Price
Jun 25We Think Precision Drilling (TSE:PD) Can Stay On Top Of Its Debt
Jun 05Is Precision Drilling Corporation (TSE:PD) Trading At A 49% Discount?
Apr 04Investors Continue Waiting On Sidelines For Precision Drilling Corporation (TSE:PD)
Mar 20Investors Shouldn't Be Too Comfortable With Precision Drilling's (TSE:PD) Earnings
Feb 13We Think Precision Drilling (TSE:PD) Is Taking Some Risk With Its Debt
Sep 13We Think Precision Drilling (TSE:PD) Is Taking Some Risk With Its Debt
Jun 08Precision Drilling's (TSE:PD) Promising Earnings May Rest On Soft Foundations
May 04Precision Drilling (TSE:PD) Has A Somewhat Strained Balance Sheet
Feb 23Is Precision Drilling (TSE:PD) Using Debt In A Risky Way?
Oct 23Health Check: How Prudently Does Precision Drilling (TSE:PD) Use Debt?
Jul 06Is Precision Drilling (TSE:PD) Weighed On By Its Debt Load?
Mar 21Health Check: How Prudently Does Precision Drilling (TSE:PD) Use Debt?
Jun 30Shareholders Will Probably Hold Off On Increasing Precision Drilling Corporation's (TSE:PD) CEO Compensation For The Time Being
May 07Is Precision Drilling (TSE:PD) Using Debt In A Risky Way?
Mar 19Are Institutions Heavily Invested In Precision Drilling Corporation's (TSE:PD) Shares?
Jan 25Financial Position Analysis
Short Term Liabilities: PD's short term assets (CA$472.6M) exceed its short term liabilities (CA$306.1M).
Long Term Liabilities: PD's short term assets (CA$472.6M) do not cover its long term liabilities (CA$920.8M).
Debt to Equity History and Analysis
Debt Level: PD's net debt to equity ratio (46%) is considered high.
Reducing Debt: PD's debt to equity ratio has reduced from 97.3% to 47.4% over the past 5 years.
Debt Coverage: PD's debt is well covered by operating cash flow (62.1%).
Interest Coverage: PD's interest payments on its debt are well covered by EBIT (3.4x coverage).