Precision Drilling Balance Sheet Health
Financial Health criteria checks 4/6
Precision Drilling has a total shareholder equity of CA$1.7B and total debt of CA$788.0M, which brings its debt-to-equity ratio to 47.4%. Its total assets and total liabilities are CA$2.9B and CA$1.2B respectively. Precision Drilling's EBIT is CA$246.1M making its interest coverage ratio 3.4. It has cash and short-term investments of CA$24.3M.
Key information
47.4%
Debt to equity ratio
CA$787.96m
Debt
| Interest coverage ratio | 3.4x |
| Cash | CA$24.30m |
| Equity | CA$1.66b |
| Total liabilities | CA$1.23b |
| Total assets | CA$2.89b |
Recent financial health updates
No updates
Recent updates
Precision Drilling: Capitalizing On Strong Activity In Canada
Nov 18Precision Drilling: Get 20% Free Cash Flow Yield At The Cyclical Bottom
Sep 24Precision Drilling: The Seagulls Are Missing A Bet
Mar 14Precision Drilling: Put A Driller In Your Stocking
Dec 22Precision Drilling Q4 2022 Earnings Preview
Feb 08Precision Drilling Q3 2022 Earnings Preview
Oct 26Precision Drilling receives TSX approval to renew normal course issuer bid
Aug 24Precision Drilling Q2 2022 Earnings Preview
Jul 26Beware Of The Risk Of Precision Drilling
Mar 28Precision Drilling: Good Buying Opportunity
Dec 30Take Advantage Of The Rally And Sell Precision Drilling
Oct 01Precision Drilling: Medium-Term Margin Growth Remains The Key
Jul 18Precision Drilling: Time To Shine
Nov 30Financial Position Analysis
Short Term Liabilities: PDS's short term assets (CA$472.6M) exceed its short term liabilities (CA$306.1M).
Long Term Liabilities: PDS's short term assets (CA$472.6M) do not cover its long term liabilities (CA$920.8M).
Debt to Equity History and Analysis
Debt Level: PDS's net debt to equity ratio (46%) is considered high.
Reducing Debt: PDS's debt to equity ratio has reduced from 97.3% to 47.4% over the past 5 years.
Debt Coverage: PDS's debt is well covered by operating cash flow (62.1%).
Interest Coverage: PDS's interest payments on its debt are well covered by EBIT (3.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 05:51 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Precision Drilling Corporation is covered by 45 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Waqar Syed | ATB Capital Markets |
| Tim Monachello | ATB Capital Markets |
| Sean Meakim | Barclays |