Precision Tax Provision from 2010 to 2024

PDS Stock  USD 62.44  0.84  1.36%   
Precision Drilling Tax Provision yearly trend continues to be comparatively stable with very little volatility. Tax Provision is likely to outpace its year average in 2024. Tax Provision is the amount set aside by Precision Drilling to cover any estimated taxes for the current period. It reflects Precision Drilling's expected tax liabilities. View All Fundamentals
 
Tax Provision  
First Reported
2019-03-31
Previous Quarter
10.5 M
Current Value
13.9 M
Quarterly Volatility
17.1 M
 
Covid
Check Precision Drilling financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Precision Drilling's main balance sheet or income statement drivers, such as Depreciation And Amortization of 233.5 M, Interest Expense of 118 M or Total Revenue of 1.5 B, as well as many indicators such as Price To Sales Ratio of 0.49, Dividend Yield of 0.0612 or PTB Ratio of 0.6. Precision financial statements analysis is a perfect complement when working with Precision Drilling Valuation or Volatility modules.
  
Check out the analysis of Precision Drilling Correlation against competitors.
For more information on how to buy Precision Stock please use our How to Invest in Precision Drilling guide.

Latest Precision Drilling's Tax Provision Growth Pattern

Below is the plot of the Tax Provision of Precision Drilling over the last few years. It is the amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities. Precision Drilling's Tax Provision historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Precision Drilling's overall financial position and show how it may be relating to other accounts over time.
Tax Provision10 Years Trend
Slightly volatile
   Tax Provision   
       Timeline  

Precision Tax Provision Regression Statistics

Arithmetic Mean(91,764,783)
Coefficient Of Variation(117.08)
Mean Deviation98,046,631
Median(100,021,000)
Standard Deviation107,434,033
Sample Variance11542.1T
Range259.9M
R-Value0.95
Mean Square Error1155.1T
R-Squared0.91
Slope22,879,517
Total Sum of Squares161589T

Precision Tax Provision History

202457.1 M
202354.4 M
202220.1 M
2021-5.4 M
202011 M
2019-15 M
2018-29.3 M

About Precision Drilling Financial Statements

Precision Drilling shareholders use historical fundamental indicators, such as Tax Provision, to determine how well the company is positioned to perform in the future. Although Precision Drilling investors may analyze each financial statement separately, they are all interrelated. The changes in Precision Drilling's assets and liabilities, for example, are also reflected in the revenues and expenses on on Precision Drilling's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Tax Provision54.4 M57.1 M

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Additional Tools for Precision Stock Analysis

When running Precision Drilling's price analysis, check to measure Precision Drilling's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Precision Drilling is operating at the current time. Most of Precision Drilling's value examination focuses on studying past and present price action to predict the probability of Precision Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Precision Drilling's price. Additionally, you may evaluate how the addition of Precision Drilling to your portfolios can decrease your overall portfolio volatility.