Parker Drilling Balance Sheet Health
Financial Health criteria checks 6/6
Parker Drilling has a total shareholder equity of $383.2M and total debt of $176.5M, which brings its debt-to-equity ratio to 46%. Its total assets and total liabilities are $718.3M and $335.0M respectively. Parker Drilling's EBIT is $83.5M making its interest coverage ratio 3.4. It has cash and short-term investments of $95.1M.
Key information
46.0%
Debt to equity ratio
US$176.47m
Debt
| Interest coverage ratio | 3.4x |
| Cash | US$95.08m |
| Equity | US$383.24m |
| Total liabilities | US$335.03m |
| Total assets | US$718.27m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PKDC's short term assets ($300.2M) exceed its short term liabilities ($296.6M).
Long Term Liabilities: PKDC's short term assets ($300.2M) exceed its long term liabilities ($38.4M).
Debt to Equity History and Analysis
Debt Level: PKDC's net debt to equity ratio (21.2%) is considered satisfactory.
Reducing Debt: PKDC's debt to equity ratio has reduced from 49.9% to 46% over the past 5 years.
Debt Coverage: PKDC's debt is well covered by operating cash flow (68.6%).
Interest Coverage: PKDC'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 | 2024/12/22 03:57 |
| 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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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
Parker Drilling Company is covered by 15 analysts. 0 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 |
|---|---|
| James West | Barclays |
| Jeffrey Spittel | Clarksons Platou Securities |
| Sonny Randhawa | D.A. Davidson & Co. |