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 ratio | 9.7x |
| Cash | US$192.68m |
| Equity | US$4.82b |
| Total liabilities | US$2.60b |
| Total assets | US$7.42b |
Recent financial health updates
Here's Why Patterson-UTI Energy (NASDAQ:PTEN) Can Manage Its Debt Responsibly
Dec 13
These 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 19Would Patterson-UTI Energy (NASDAQ:PTEN) Be Better Off With Less Debt?
May 18Recent updates
Are 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 09Would Patterson-UTI Energy (NASDAQ:PTEN) Be Better Off With Less Debt?
May 18Is There An Opportunity With Patterson-UTI Energy, Inc.'s (NASDAQ:PTEN) 35% Undervaluation?
Mar 18Financial 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).