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
Is Patterson-UTI Energy (NASDAQ:PTEN) A Risky Investment?
Oct 15
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 05Recent updates
Patterson-UTI Energy's (NASDAQ:PTEN) Dividend Will Be $0.08
Oct 29Patterson-UTI: Prioritizing Free Cash Flow And Shareholder Returns
Oct 28Is Patterson-UTI Energy (NASDAQ:PTEN) A Risky Investment?
Oct 15With Patterson-UTI Energy, Inc. (NASDAQ:PTEN) It Looks Like You'll Get What You Pay For
Sep 18Patterson-UTI Energy (NASDAQ:PTEN) Will Pay A Dividend Of $0.08
Aug 21Patterson-UTI: If We Don't Get Recession Soon, Oil/Gas Could Soar
Aug 09Patterson-UTI Energy, Inc. Just Missed EPS By 59%: Here's What Analysts Think Will Happen Next
Aug 01Does 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 05Financial Position Analysis
Short Term Liabilities: PTEN's short term assets ($1.3B) exceed its short term liabilities ($858.4M).
Long Term Liabilities: PTEN's short term assets ($1.3B) do not cover its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: PTEN's net debt to equity ratio (31.2%) is considered satisfactory.
Reducing Debt: PTEN'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 PTEN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PTEN 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.