Precision Financial Statements From 2010 to 2024

Precision Drilling Balance Sheet		Trends
Current Value Last Year Historical Average  10 Year Trend Total Assets 3.3 B 3 B 3.6 B Pretty Stable Short and Long Term Debt Total 1 B 992.2 M 1.4 B Very volatile Other Current Liabilities 125.6 M 191 M 150.4 M Pretty Stable Total Current Liabilities 304.6 M 365.6 M 291.7 M Very volatile Total Stockholder Equity 1.7 B 1.6 B 1.7 B Pretty Stable Property Plant And Equipment Net 2.4 B 2.4 B 2.8 B Very volatile Accounts Payable 112.3 M 151.3 M 124.9 M Pretty Stable Cash 51.5 M 54.2 M 154.5 M Slightly volatile Non Current Assets Total 2.8 B 2.8 B 3 B Very volatile Cash And Short Term Investments 51.5 M 54.2 M 154.5 M Slightly volatile Net Receivables 391.1 M 421.4 M 360.4 M Very volatile Common Stock Shares Outstanding 14.4 M 15.3 M 14.3 M Pretty Stable Liabilities And Stockholders Equity 3.3 B 3 B 3.6 B Pretty Stable Non Current Liabilities Total 1.3 B 1.4 B 1.6 B Pretty Stable Inventory 29.1 M 35.3 M 22.3 M Slightly volatile Other Stockholder Equity 71.3 M 75.1 M 205 M Slightly volatile Total Liabilities 1.6 B 1.4 B 1.9 B Pretty Stable Property Plant And Equipment Gross 7.3 B 7 B 3.5 B Slightly volatile Total Current Assets 577.2 M 510.9 M 560.9 M Slightly volatile Intangible Assets 16.4 M 17.3 M 19.9 M Very volatile Short Term Investments 37.4 M 42.1 M 45.9 M Slightly volatile Other Current Assets 76 M 86.9 M 68.5 M Slightly volatile Current Deferred Revenue 2.6 M 2.7 M 15.9 M Slightly volatile Common Stock Total Equity 2.5 B 2.6 B 2.3 B Slightly volatile Common Stock 2.5 B 2.4 B 2.3 B Slightly volatile Other Liabilities 163.3 M 87 M 256.7 M Slightly volatile Net Tangible Assets 1.3 B 1.1 B 1.7 B Slightly volatile Long Term Debt 1.2 B 914.8 M 1.4 B Slightly volatile Deferred Long Term Liabilities 2.1 M 1.3 M 2.7 M Slightly volatile Short and Long Term Debt 2.7 M 2.8 M 865.1 M Slightly volatile Property Plant Equipment 2.5 B 2.1 B 3.1 B Slightly volatile Long Term Debt Total 1.3 B 1 B 1.7 B Slightly volatile Capital Surpluse 63.1 M 83.4 M 52.3 M Slightly volatile Net Invested Capital 2.2 B 2.5 B 3.1 B Slightly volatile Net Working Capital 130 M 145.2 M 192.8 M Slightly volatile Capital Stock 2.5 B 2.4 B 2.3 B Slightly volatile Capital Lease Obligations 71.4 M 74.5 M 66.9 M Very volatile Non Current Liabilities Other 5.8 M 7.1 M 7.3 M Slightly volatile
Precision Drilling Income Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Depreciation And Amortization 234.3 M 307.1 M 314.9 M Pretty Stable Interest Expense 118 M 84.8 M 103.1 M Pretty Stable Selling General Administrative 112.5 M 122.2 M 112.5 M Pretty Stable Total Revenue 1.5 B 1.9 B 1.5 B Very volatile Other Operating Expenses 1.3 B 1.3 B 1.4 B Very volatile EBITDA 402.7 M 657.7 M 355.1 M Very volatile Cost Of Revenue 1.1 B 1.2 B 1.2 B Very volatile Total Operating Expenses 151.8 M 122.2 M 164.6 M Slightly volatile Research Development 33.4 M 56.1 M 45.2 M Slightly volatile Non Recurring 10.4 M 11 M 93.7 M Slightly volatile Interest Income 1.3 M 1.4 M 89.1 M Slightly volatile Reconciled Depreciation 257.4 M 297.6 M 343.6 M Slightly volatile
Precision Drilling Cash Flow Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Begin Period Cash Flow 20.5 M 21.6 M 163.3 M Slightly volatile Depreciation 233.9 M 297.6 M 314.2 M Pretty Stable Capital Expenditures 239.8 M 226.7 M 323.1 M Slightly volatile Total Cash From Operating Activities 354.7 M 500.6 M 339 M Pretty Stable End Period Cash Flow 51.5 M 54.2 M 154.5 M Slightly volatile Stock Based Compensation 6.3 M 6.7 M 20.5 M Very volatile Change To Account Receivables 1.3 M 1.3 M 2.1 M Very volatile
Financial Ratios		Trends
Current Value Last Year Historical Average  10 Year Trend Price To Sales Ratio 0.49 0.5107 4.5718 Slightly volatile Dividend Yield 0.0612 0.0589 0.0399 Slightly volatile PTB Ratio 0.6 0.6281 5.3711 Slightly volatile Days Sales Outstanding 108 79.3769 91.2916 Very volatile Book Value Per Share 108 115 119 Pretty Stable Operating Cash Flow Per Share 23.06 36.3946 23.8954 Pretty Stable Average Payables 133.4 M 81.4 M 83.6 M Pretty Stable Stock Based Compensation To Revenue 0.0033 0.0034 0.0141 Pretty Stable Capex To Depreciation 0.72 0.762 1.1692 Slightly volatile PB Ratio 0.6 0.6281 5.3711 Slightly volatile EV To Sales 0.95 0.9948 5.3825 Slightly volatile Inventory Turnover 46.0 34.1503 70.7363 Slightly volatile Days Of Inventory On Hand 16.68 10.6881 7.9281 Slightly volatile Payables Turnover 6.66 7.9588 10.7887 Pretty Stable Sales General And Administrative To Revenue 0.0636 0.0631 0.0761 Slightly volatile Average Inventory 10 M 10.5 M 12.7 M Slightly volatile Research And Ddevelopement To Revenue 0.0137 0.0189 0.0194 Pretty Stable Capex To Revenue 0.11 0.117 0.1885 Slightly volatile Cash Per Share 7.01 3.9394 11.117 Slightly volatile POCF Ratio 1.88 1.9772 49.3486 Slightly volatile Capex To Operating Cash Flow 0.43 0.453 0.9255 Slightly volatile Days Payables Outstanding 63.65 45.8612 39.7539 Pretty Stable EV To Operating Cash Flow 3.66 3.8511 53.9987 Slightly volatile Intangibles To Total Assets 0.0054 0.0057 0.0397 Slightly volatile Current Ratio 2.22 1.3972 2.0938 Slightly volatile Tangible Book Value Per Share 83.66 113 108 Pretty Stable Receivables Turnover 3.22 4.5983 4.0846 Very volatile Graham Number 250 233 161 Pretty Stable Shareholders Equity Per Share 108 115 119 Pretty Stable Debt To Equity 0.43 0.5824 0.7489 Slightly volatile Capex Per Share 27.2 16.486 23.5846 Slightly volatile Average Receivables 346.4 M 394.9 M 428.9 M Slightly volatile Revenue Per Share 94.57 141 105 Very volatile Interest Debt Per Share 62.11 72.8867 99.747 Very volatile Debt To Assets 0.22 0.304 0.3513 Slightly volatile Enterprise Value Over EBITDA 2.78 2.9309 26.3087 Slightly volatile Short Term Coverage Ratios 167 176 202 Pretty Stable Operating Cycle 124 90.065 99.2197 Pretty Stable Price Book Value Ratio 0.6 0.6281 5.3711 Slightly volatile Days Of Payables Outstanding 63.65 45.8612 39.7539 Pretty Stable Price To Operating Cash Flows Ratio 1.88 1.9772 49.3486 Slightly volatile Company Equity Multiplier 1.5 1.916 2.0398 Pretty Stable Long Term Debt To Capitalization 0.25 0.3673 0.407 Slightly volatile Total Debt To Capitalization 0.26 0.3681 0.4101 Slightly volatile Debt Equity Ratio 0.43 0.5824 0.7489 Slightly volatile Quick Ratio 2.07 1.3008 1.996 Slightly volatile Dividend Paid And Capex Coverage Ratio 2.32 2.2076 1.4434 Slightly volatile Cash Ratio 0.14 0.1482 0.631 Slightly volatile Cash Conversion Cycle 44.26 44.2038 58.3598 Pretty Stable Operating Cash Flow Sales Ratio 0.18 0.2583 0.2042 Pretty Stable Days Of Inventory Outstanding 16.68 10.6881 7.9281 Slightly volatile Days Of Sales Outstanding 108 79.3769 91.2916 Very volatile Cash Flow Coverage Ratios 0.76 0.5455 0.3419 Pretty Stable Price To Book Ratio 0.6 0.6281 5.3711 Slightly volatile Fixed Asset Turnover 0.91 0.8069 0.6521 Pretty Stable Capital Expenditure Coverage Ratio 2.32 2.2076 1.4649 Slightly volatile Price Cash Flow Ratio 1.88 1.9772 49.3486 Slightly volatile Enterprise Value Multiple 2.78 2.9309 26.3087 Slightly volatile Debt Ratio 0.22 0.304 0.3513 Slightly volatile Cash Flow To Debt Ratio 0.76 0.5455 0.3419 Pretty Stable Price Sales Ratio 0.49 0.5107 4.5718 Slightly volatile Asset Turnover 0.57 0.6419 0.4648 Very volatile Price Fair Value 0.6 0.6281 5.3711 Slightly volatile
Precision Drilling Valuation Data		Trends
Current Value Last Year Historical Average  10 Year Trend Market Cap 940.3 M 989.7 M 1.9 B Slightly volatile Enterprise Value 2.8 B 2.9 B 3.3 B Slightly volatile

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About Precision Drilling Financial Statements

Pair Trading with Precision Drilling

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Precision Drilling position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Precision Drilling will appreciate offsetting losses from the drop in the long position's value.When determining whether Precision Drilling is a strong investment it is important to analyze Precision Drilling's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Precision Drilling's future performance. For an informed investment choice regarding Precision Stock, refer to the following important reports:

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Please note, there is a significant difference between Precision Drilling's value and its price as these two are different measures arrived at by different means. Investors typically determine if Precision Drilling is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Precision Drilling's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.