PGS Balance Sheet Health

Financial Health criteria checks 2/6

PGS has a total shareholder equity of $524.5M and total debt of $683.5M, which brings its debt-to-equity ratio to 130.3%. Its total assets and total liabilities are $1.8B and $1.2B respectively. PGS's EBIT is $228.7M making its interest coverage ratio 2.5. It has cash and short-term investments of $147.2M.

Key information

130.3%

Debt to equity ratio

US$683.50m

Debt

Interest coverage ratio	2.5x
Cash	US$147.20m
Equity	US$524.50m
Total liabilities	US$1.25b
Total assets	US$1.77b

Recent financial health updates

Recent updates

We Think PGS' (OB:PGS) Healthy Earnings Might Be Conservative

May 21

Is PGS (OB:PGS) Using Too Much Debt?

Nov 02

An Intrinsic Calculation For PGS ASA (OB:PGS) Suggests It's 23% Undervalued

Aug 07

Does PGS (OB:PGS) Have A Healthy Balance Sheet?

Jul 11

Earnings Working Against PGS ASA's (OB:PGS) Share Price Following 25% Dive

Jun 20

Here's Why PGS (OB:PGS) Can Manage Its Debt Responsibly

Mar 10

Here's Why PGS (OB:PGS) Is Weighed Down By Its Debt Load

Oct 17

These 4 Measures Indicate That PGS (OB:PGS) Is Using Debt Extensively

Oct 22

Is PGS (OB:PGS) A Risky Investment?

Jun 30

Shareholders May Find It Hard To Justify Increasing PGS ASA's (OB:PGS) CEO Compensation For Now

Apr 14

PGS' (OB:PGS) Stock Price Has Reduced 79% In The Past Five Years

Mar 01

Financial Position Analysis

Short Term Liabilities: PGS's short term assets ($545.0M) do not cover its short term liabilities ($651.5M).

Long Term Liabilities: PGS's short term assets ($545.0M) do not cover its long term liabilities ($595.5M).

Debt to Equity History and Analysis

Debt Level: PGS's net debt to equity ratio (102.2%) is considered high.

Reducing Debt: PGS's debt to equity ratio has reduced from 182.5% to 130.3% over the past 5 years.

Debt Coverage: PGS's debt is well covered by operating cash flow (67.4%).

Interest Coverage: PGS's interest payments on its debt are not well covered by EBIT (2.5x coverage).

PGS Balance Sheet Health

Financial Health criteria checks 2/6

Key information

Recent financial health updates

Is PGS (OB:PGS) Using Too Much Debt?

Does PGS (OB:PGS) Have A Healthy Balance Sheet?

Here's Why PGS (OB:PGS) Can Manage Its Debt Responsibly

Here's Why PGS (OB:PGS) Is Weighed Down By Its Debt Load

These 4 Measures Indicate That PGS (OB:PGS) Is Using Debt Extensively

Is PGS (OB:PGS) A Risky Investment?

Recent updates

Glazer Capital, LLC acquired an additional 5.387693% stake in PGS ASA (OB:PGS).

Consensus EPS estimates fall by 19%

We Think PGS' (OB:PGS) Healthy Earnings Might Be Conservative

New major risk - Financial position

Full year 2023 earnings: EPS and revenues exceed analyst expectations

PGS ASA Provides Earnings Guidance for the First Quarter of 2024

PGS Commences MultiClient 3D Survey to Unlock Hydrocarbon and Carbon Storage Potential in Penyu Basin, Offshore Peninsular Malaysia

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Now 21% undervalued after recent price drop

PGS ASA Provides Financial Guidance for the Fourth Quarter of 2023

Independent Director recently sold kr1.1m worth of stock

Is PGS (OB:PGS) Using Too Much Debt?

Third quarter 2023 earnings released: US$0.007 loss per share (vs US$0.004 profit in 3Q 2022)

Now 23% undervalued

TGS ASA (OB:TGS) agreed the principal terms to acquire PGS ASA (OB:PGS) NOK 9.3 billion.

TGS ASA (OB:TGS) agreed the principal terms to acquire PGS ASA (OB:PGS) NOK 9.3 billion.

Insider recently sold kr134k worth of stock

An Intrinsic Calculation For PGS ASA (OB:PGS) Suggests It's 23% Undervalued

PGS, TGS and CGG Introduce New Tiered Offerings for Versal - the World's First MultiClient Data Ecosystem

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

New major risk - Share price stability

PGS ASA Provides Financial Guidance for the Second Quarter of 2023

PGS ASA Provides Financial Guidance for the Second Quarter of 2023

Does PGS (OB:PGS) Have A Healthy Balance Sheet?

PGS ASA to Report Q2, 2023 Results on Jul 20, 2023

Earnings Working Against PGS ASA's (OB:PGS) Share Price Following 25% Dive

Forecast breakeven date moved forward to 2023

High number of new directors

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Here's Why PGS (OB:PGS) Can Manage Its Debt Responsibly

Full year 2022 earnings: EPS misses analyst expectations

PGS ASA to Report Fiscal Year 2022 Results on Mar 29, 2023

PGS ASA to Report Q1, 2023 Results on Apr 27, 2023

PGS ASA has completed a Follow-on Equity Offering in the amount of NOK 1.535975 billion.

Third quarter 2022 earnings released: EPS: US$0.003 (vs US$0.15 loss in 3Q 2021)

Here's Why PGS (OB:PGS) Is Weighed Down By Its Debt Load

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus forecasts updated

PGS ASA (OB:PGS) commences an Equity Buyback Plan, under the authorization approved on April 27, 2022.

PGS ASA to Report Q2, 2022 Results on Jul 21, 2022

High number of new directors

Consensus forecasts updated

PGS ASA has completed a Follow-on Equity Offering in the amount of NOK 799.999999 million.

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Forecast to breakeven in 2024

High number of new directors

PGS ASA Announces Southern North Sea Reprocessing Project

PGS ASA Provides Revenue Guidance for the First Quarter of 2022

High number of new directors

PGS ASA to Report Fiscal Year 2021 Results on Mar 30, 2022

PGS ASA to Report Fiscal Year 2021 Results on Mar 30, 2022

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Forecast to breakeven in 2023

Consensus forecasts updated

Forecast to breakeven in 2024

Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind

Third quarter 2021 earnings released: US$0.15 loss per share (vs US$0.084 loss in 3Q 2020)

These 4 Measures Indicate That PGS (OB:PGS) Is Using Debt Extensively

Consensus forecasts updated

Second quarter 2021 earnings released: US$0.07 loss per share (vs US$0.29 loss in 2Q 2020)

Is PGS (OB:PGS) A Risky Investment?

Petroleum Geo-Services Announces PGS Flex Vision Reveals Significant Nearfield Potential

Consensus EPS estimates fall to -US$0.34

First quarter 2021 earnings released: US$0.10 loss per share (vs US$0.32 loss in 1Q 2020)

Independent Vice Chairperson recently bought kr151k worth of stock

Consensus EPS estimates increase to -US$0.30

Shareholders May Find It Hard To Justify Increasing PGS ASA's (OB:PGS) CEO Compensation For Now

PGS ASA Provides Earnings Guidance for the First Quarter of 2021

Full year 2020 earnings released: US$0.84 loss per share (vs US$0.21 loss in FY 2019)