Patterson-UTI Energy Balance Sheet Health
Financial Health criteria checks 5/6
Patterson-UTI Energy has a total shareholder equity of $4.6B and total debt of $1.3B, which brings its debt-to-equity ratio to 27.4%. Its total assets and total liabilities are $7.0B and $2.4B respectively. Patterson-UTI Energy's EBIT is $364.9M making its interest coverage ratio 5.8. It has cash and short-term investments of $75.0M.
Key information
27.4%
Debt to equity ratio
US$1.26b
Debt
Interest coverage ratio | 5.8x |
Cash | US$75.04m |
Equity | US$4.61b |
Total liabilities | US$2.41b |
Total assets | US$7.02b |
Recent financial health updates
Does Patterson-UTI Energy (NASDAQ:PTEN) Have A Healthy Balance Sheet?
Jun 22Here's Why Patterson-UTI Energy (NASDAQ:PTEN) Can Manage Its Debt Responsibly
Dec 13These 4 Measures Indicate That Patterson-UTI Energy (NASDAQ:PTEN) Is Using Debt Reasonably Well
Aug 22Is Patterson-UTI Energy (NASDAQ:PTEN) Using Too Much Debt?
May 05We Think Patterson-UTI Energy (NASDAQ:PTEN) Has A Fair Chunk Of Debt
Sep 19Recent updates
Does Patterson-UTI Energy (NASDAQ:PTEN) Have A Healthy Balance Sheet?
Jun 22Patterson-UTI Energy's (NASDAQ:PTEN) Dividend Will Be $0.08
May 23Patterson-UTI: The Worm Has Turned In Gas
May 22Patterson-UTI Energy (NASDAQ:PTEN) Will Pay A Dividend Of $0.08
May 07Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
May 03Patterson-UTI Energy, Inc.'s (NASDAQ:PTEN) Business Is Trailing The Market But Its Shares Aren't
Apr 25Are Investors Undervaluing Patterson-UTI Energy, Inc. (NASDAQ:PTEN) By 42%?
Mar 08Patterson-UTI Grows With NexTier Merger
Jan 15Investors Continue Waiting On Sidelines For Patterson-UTI Energy, Inc. (NASDAQ:PTEN)
Jan 03Here's Why Patterson-UTI Energy (NASDAQ:PTEN) Can Manage Its Debt Responsibly
Dec 13Additional Considerations Required While Assessing Patterson-UTI Energy's (NASDAQ:PTEN) Strong Earnings
Nov 16Are Investors Undervaluing Patterson-UTI Energy, Inc. (NASDAQ:PTEN) By 40%?
Nov 05Growth Investors: Industry Analysts Just Upgraded Their Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Revenue Forecasts By 36%
Sep 08These 4 Measures Indicate That Patterson-UTI Energy (NASDAQ:PTEN) Is Using Debt Reasonably Well
Aug 22An Intrinsic Calculation For Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Suggests It's 27% Undervalued
Aug 01Is Patterson-UTI Energy (NASDAQ:PTEN) Using Too Much Debt?
May 05Patterson-UTI Energy's (NASDAQ:PTEN) Dividend Will Be Increased To $0.08
Nov 20Patterson-UTI Energy (NASDAQ:PTEN) Has Announced That It Will Be Increasing Its Dividend To $0.08
Nov 03Patterson-UTI Energy Is Likely To Greatly Benefit From OPEC's Decision But It Remains Risky
Oct 10Calculating The Intrinsic Value Of Patterson-UTI Energy, Inc. (NASDAQ:PTEN)
Oct 10We Think Patterson-UTI Energy (NASDAQ:PTEN) Has A Fair Chunk Of Debt
Sep 19Patterson-UTI Energy goes ex-dividend tomorrow
Aug 30Patterson-UTI Energy Q2 2022 Earnings Preview
Jul 27A Look At The Fair Value Of Patterson-UTI Energy, Inc. (NASDAQ:PTEN)
Jul 09Financial Position Analysis
Short Term Liabilities: PTEN's short term assets ($1.3B) exceed its short term liabilities ($851.2M).
Long Term Liabilities: PTEN's short term assets ($1.3B) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: PTEN's net debt to equity ratio (25.8%) is considered satisfactory.
Reducing Debt: PTEN's debt to equity ratio has reduced from 34.2% to 27.4% over the past 5 years.
Debt Coverage: PTEN's debt is well covered by operating cash flow (92.7%).
Interest Coverage: PTEN's interest payments on its debt are well covered by EBIT (5.8x coverage).