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PDC Energy Balance Sheet Health
Financial Health criteria checks 4/6
PDC Energy has a total shareholder equity of $4.4B and total debt of $1.5B, which brings its debt-to-equity ratio to 34.1%. Its total assets and total liabilities are $8.4B and $3.9B respectively. PDC Energy's EBIT is $2.5B making its interest coverage ratio 36.2. It has cash and short-term investments of $10.2M.
Key information
34.1%
Debt to equity ratio
US$1.51b
Debt
| Interest coverage ratio | 36.2x |
| Cash | US$10.20m |
| Equity | US$4.42b |
| Total liabilities | US$3.94b |
| Total assets | US$8.36b |
Recent financial health updates
These 4 Measures Indicate That PDC Energy (NASDAQ:PDCE) Is Using Debt Reasonably Well
Mar 31
We Think PDC Energy (NASDAQ:PDCE) Can Manage Its Debt With Ease
Dec 04Here's Why PDC Energy (NASDAQ:PDCE) Can Manage Its Debt Responsibly
Jul 08Recent updates
These 4 Measures Indicate That PDC Energy (NASDAQ:PDCE) Is Using Debt Reasonably Well
Mar 31Improved Earnings Required Before PDC Energy, Inc. (NASDAQ:PDCE) Shares Find Their Feet
Mar 13PDC Energy (NASDAQ:PDCE) Is Increasing Its Dividend To $0.40
Feb 21Are Investors Undervaluing PDC Energy, Inc. (NASDAQ:PDCE) By 48%?
Jan 12Here's Why We Think PDC Energy (NASDAQ:PDCE) Might Deserve Your Attention Today
Dec 25We Think PDC Energy (NASDAQ:PDCE) Can Manage Its Debt With Ease
Dec 04PDC Energy: Variable Dividend Might Exceed $2 Per Share
Sep 10PDC Energy declares $0.35 dividend
Aug 25Analyst Forecasts Just Became More Bearish On PDC Energy, Inc. (NASDAQ:PDCE)
Aug 08PDC Energy Remains Resistant To Monetary Policy
Jul 11Here's Why PDC Energy (NASDAQ:PDCE) Can Manage Its Debt Responsibly
Jul 08PDC Energy: May Be Able To Reduce Share Count By Over 15% In 2022
May 17An Intrinsic Calculation For PDC Energy, Inc. (NASDAQ:PDCE) Suggests It's 41% Undervalued
Apr 11Financial Position Analysis
Short Term Liabilities: PDCE's short term assets ($582.0M) do not cover its short term liabilities ($1.2B).
Long Term Liabilities: PDCE's short term assets ($582.0M) do not cover its long term liabilities ($2.8B).
Debt to Equity History and Analysis
Debt Level: PDCE's net debt to equity ratio (33.9%) is considered satisfactory.
Reducing Debt: PDCE's debt to equity ratio has reduced from 50.4% to 34.1% over the past 5 years.
Debt Coverage: PDCE's debt is well covered by operating cash flow (158.4%).
Interest Coverage: PDCE's interest payments on its debt are well covered by EBIT (36.2x coverage).