Parker Drilling Balance Sheet Health
Financial Health criteria checks 6/6
Parker Drilling has a total shareholder equity of $381.0M and total debt of $176.2M, which brings its debt-to-equity ratio to 46.3%. Its total assets and total liabilities are $719.4M and $338.4M respectively. Parker Drilling's EBIT is $87.0M making its interest coverage ratio 3.4. It has cash and short-term investments of $80.6M.
Key information
46.3%
Debt to equity ratio
US$176.21m
Debt
| Interest coverage ratio | 3.4x |
| Cash | US$80.59m |
| Equity | US$380.98m |
| Total liabilities | US$338.41m |
| Total assets | US$719.39m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PKDC's short term assets ($290.1M) exceed its short term liabilities ($120.2M).
Long Term Liabilities: PKDC's short term assets ($290.1M) exceed its long term liabilities ($218.2M).
Debt to Equity History and Analysis
Debt Level: PKDC's net debt to equity ratio (25.1%) is considered satisfactory.
Reducing Debt: PKDC's debt to equity ratio has reduced from 60.5% to 46.3% over the past 5 years.
Debt Coverage: PKDC's debt is well covered by operating cash flow (70.5%).
Interest Coverage: PKDC's interest payments on its debt are well covered by EBIT (3.4x coverage).