Patterson-UTI Energy, Inc.

NasdaqGS:PTEN Stock Report

Mkt Cap: US$3.5b

Patterson-UTI Energy Financial Health

How is Patterson-UTI Energy's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: PTEN's short term assets ($712.9M) exceed its short term liabilities ($460.0M).

Long Term Liabilities: PTEN's short term assets ($712.9M) do not cover its long term liabilities ($947.6M).


Debt to Equity History and Analysis

Debt Level: PTEN's net debt to equity ratio (49.6%) is considered high.

Reducing Debt: PTEN's debt to equity ratio has increased from 20.7% to 52.2% 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: PTEN has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if PTEN has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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