Patterson-UTI Energy Balance Sheet Health
Financial Health criteria checks 5/6
Patterson-UTI Energy has a total shareholder equity of $4.8B and total debt of $1.2B, which brings its debt-to-equity ratio to 25.7%. Its total assets and total liabilities are $7.4B and $2.6B respectively. Patterson-UTI Energy's EBIT is $451.8M making its interest coverage ratio 9.7. It has cash and short-term investments of $192.7M.
Key information
25.7%
Debt to equity ratio
US$1.24b
Debt
Interest coverage ratio | 9.7x |
Cash | US$192.68m |
Equity | US$4.82b |
Total liabilities | US$2.60b |
Total assets | US$7.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PE1's short term assets ($1.5B) exceed its short term liabilities ($1.1B).
Long Term Liabilities: PE1's short term assets ($1.5B) do not cover its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: PE1's net debt to equity ratio (21.7%) is considered satisfactory.
Reducing Debt: PE1's debt to equity ratio has reduced from 31.9% to 25.7% over the past 5 years.
Debt Coverage: PE1's debt is well covered by operating cash flow (81.3%).
Interest Coverage: PE1's interest payments on its debt are well covered by EBIT (9.7x coverage).