Patterson-UTI Energy, Inc.

NasdaqGS:PTEN Stock Report

Market Cap: US$4.6b

Patterson-UTI Energy Balance Sheet Health

Financial Health criteria checks 5/6

Patterson-UTI Energy has a total shareholder equity of $4.8B and total debt of $1.2B, which brings its debt-to-equity ratio to 25.7%. Its total assets and total liabilities are $7.4B and $2.6B respectively. Patterson-UTI Energy's EBIT is $451.8M making its interest coverage ratio 9.7. It has cash and short-term investments of $192.7M.

Key information

25.7%

Debt to equity ratio

US$1.24b

Debt

Interest coverage ratio9.7x
CashUS$192.68m
EquityUS$4.82b
Total liabilitiesUS$2.60b
Total assetsUS$7.42b

Recent financial health updates

Recent updates

Are Investors Undervaluing Patterson-UTI Energy, Inc. (NASDAQ:PTEN) By 42%?

Mar 08
Are Investors Undervaluing Patterson-UTI Energy, Inc. (NASDAQ:PTEN) By 42%?

Patterson-UTI Grows With NexTier Merger

Jan 15

Investors Continue Waiting On Sidelines For Patterson-UTI Energy, Inc. (NASDAQ:PTEN)

Jan 03
Investors Continue Waiting On Sidelines For Patterson-UTI Energy, Inc. (NASDAQ:PTEN)

Here's Why Patterson-UTI Energy (NASDAQ:PTEN) Can Manage Its Debt Responsibly

Dec 13
Here's Why Patterson-UTI Energy (NASDAQ:PTEN) Can Manage Its Debt Responsibly

Additional Considerations Required While Assessing Patterson-UTI Energy's (NASDAQ:PTEN) Strong Earnings

Nov 16
Additional Considerations Required While Assessing Patterson-UTI Energy's (NASDAQ:PTEN) Strong Earnings

Are Investors Undervaluing Patterson-UTI Energy, Inc. (NASDAQ:PTEN) By 40%?

Nov 05
Are Investors Undervaluing Patterson-UTI Energy, Inc. (NASDAQ:PTEN) By 40%?

Growth Investors: Industry Analysts Just Upgraded Their Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Revenue Forecasts By 36%

Sep 08
Growth Investors: Industry Analysts Just Upgraded Their Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Revenue Forecasts By 36%

These 4 Measures Indicate That Patterson-UTI Energy (NASDAQ:PTEN) Is Using Debt Reasonably Well

Aug 22
These 4 Measures Indicate That Patterson-UTI Energy (NASDAQ:PTEN) Is Using Debt Reasonably Well

An Intrinsic Calculation For Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Suggests It's 27% Undervalued

Aug 01
An Intrinsic Calculation For Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Suggests It's 27% Undervalued

Is Patterson-UTI Energy (NASDAQ:PTEN) Using Too Much Debt?

May 05
Is Patterson-UTI Energy (NASDAQ:PTEN) Using Too Much Debt?

Patterson-UTI Energy's (NASDAQ:PTEN) Dividend Will Be Increased To $0.08

Nov 20
Patterson-UTI Energy's (NASDAQ:PTEN) Dividend Will Be Increased To $0.08

Patterson-UTI Energy (NASDAQ:PTEN) Has Announced That It Will Be Increasing Its Dividend To $0.08

Nov 03
Patterson-UTI Energy (NASDAQ:PTEN) Has Announced That It Will Be Increasing Its Dividend To $0.08

Patterson-UTI Energy Is Likely To Greatly Benefit From OPEC's Decision But It Remains Risky

Oct 10

Calculating The Intrinsic Value Of Patterson-UTI Energy, Inc. (NASDAQ:PTEN)

Oct 10
Calculating The Intrinsic Value Of Patterson-UTI Energy, Inc. (NASDAQ:PTEN)

We Think Patterson-UTI Energy (NASDAQ:PTEN) Has A Fair Chunk Of Debt

Sep 19
We Think Patterson-UTI Energy (NASDAQ:PTEN) Has A Fair Chunk Of Debt

Patterson-UTI Energy goes ex-dividend tomorrow

Aug 30

Patterson-UTI Energy Q2 2022 Earnings Preview

Jul 27

A Look At The Fair Value Of Patterson-UTI Energy, Inc. (NASDAQ:PTEN)

Jul 09
A Look At The Fair Value Of Patterson-UTI Energy, Inc. (NASDAQ:PTEN)

Would Patterson-UTI Energy (NASDAQ:PTEN) Be Better Off With Less Debt?

May 18
Would Patterson-UTI Energy (NASDAQ:PTEN) Be Better Off With Less Debt?

Is There An Opportunity With Patterson-UTI Energy, Inc.'s (NASDAQ:PTEN) 35% Undervaluation?

Mar 18
Is There An Opportunity With Patterson-UTI Energy, Inc.'s (NASDAQ:PTEN) 35% Undervaluation?

Financial Position Analysis

Short Term Liabilities: PTEN's short term assets ($1.5B) exceed its short term liabilities ($1.1B).

Long Term Liabilities: PTEN's short term assets ($1.5B) do not cover its long term liabilities ($1.5B).


Debt to Equity History and Analysis

Debt Level: PTEN's net debt to equity ratio (21.7%) is considered satisfactory.

Reducing Debt: PTEN's debt to equity ratio has reduced from 31.9% to 25.7% over the past 5 years.

Debt Coverage: PTEN's debt is well covered by operating cash flow (81.3%).

Interest Coverage: PTEN's interest payments on its debt are well covered by EBIT (9.7x coverage).


Balance Sheet


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