Patterson-UTI Energy Balance Sheet Health
Financial Health criteria checks 4/6
Patterson-UTI Energy has a total shareholder equity of $3.6B and total debt of $1.2B, which brings its debt-to-equity ratio to 34.4%. Its total assets and total liabilities are $6.0B and $2.4B respectively. Patterson-UTI Energy's EBIT is $300.3M making its interest coverage ratio 4.5. It has cash and short-term investments of $113.4M.
Key information
34.4%
Debt to equity ratio
US$1.23b
Debt
| Interest coverage ratio | 4.5x |
| Cash | US$113.38m |
| Equity | US$3.57b |
| Total liabilities | US$2.39b |
| Total assets | US$5.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PE1's short term assets ($1.3B) exceed its short term liabilities ($858.4M).
Long Term Liabilities: PE1's short term assets ($1.3B) do not cover its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: PE1's net debt to equity ratio (31.2%) is considered satisfactory.
Reducing Debt: PE1's debt to equity ratio has increased from 33% to 34.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable PE1 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PE1 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 16% per year.