Precision Intangible Assets vs Total Current Liabilities Analysis
PD Stock | CAD 101.47 2.05 2.06% |
Precision Drilling financial indicator trend analysis is much more than just breaking down Precision Drilling prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Precision Drilling is a good investment. Please check the relationship between Precision Drilling Intangible Assets and its Total Current Liabilities accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Precision Drilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Precision Stock, please use our How to Invest in Precision Drilling guide.
Intangible Assets vs Total Current Liabilities
Intangible Assets vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Precision Drilling Intangible Assets account and Total Current Liabilities. At this time, the significance of the direction appears to have pay attention.
The correlation between Precision Drilling's Intangible Assets and Total Current Liabilities is -0.74. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Precision Drilling, assuming nothing else is changed. The correlation between historical values of Precision Drilling's Intangible Assets and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Precision Drilling are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Intangible Assets i.e., Precision Drilling's Intangible Assets and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.74 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Total Current Liabilities
Total Current Liabilities is an item on Precision Drilling balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Precision Drilling are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from Precision Drilling's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Precision Drilling current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Precision Drilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Precision Stock, please use our How to Invest in Precision Drilling guide.As of the 1st of June 2024, Sales General And Administrative To Revenue is likely to grow to 0.06, while Selling General Administrative is likely to drop about 112.5 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 91.4M | 87.8M | 81.1M | 117.2M | Depreciation And Amortization | 282.3M | 279.0M | 320.9M | 230.1M |
Precision Drilling fundamental ratios Correlations
Click cells to compare fundamentals
Precision Drilling Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Precision Drilling fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.3B | 2.9B | 2.7B | 2.9B | 3.0B | 3.3B | |
Short Long Term Debt Total | 1.5B | 1.3B | 1.2B | 1.2B | 1.3B | 1.0B | |
Other Current Liab | 4.1M | 3.7M | 839K | 3.0M | 3.4M | 3.3M | |
Total Current Liabilities | 216.1M | 166.8M | 238.1M | 410.0M | 365.6M | 304.6M | |
Total Stockholder Equity | 1.5B | 1.4B | 1.2B | 1.2B | 1.6B | 1.8B | |
Property Plant And Equipment Net | 2.8B | 2.5B | 2.3B | 2.4B | 2.4B | 2.4B | |
Net Debt | 1.4B | 1.2B | 1.1B | 1.1B | 863.5M | 898.7M | |
Retained Earnings | (969.5M) | (1.1B) | (1.3B) | (1.3B) | (1.0B) | (961.4M) | |
Accounts Payable | 199.5M | 151.0M | 224.1M | 392.1M | 151.3M | 184.6M | |
Cash | 74.7M | 108.8M | 40.6M | 21.6M | 54.2M | 51.5M | |
Non Current Assets Total | 2.9B | 2.6B | 2.3B | 2.4B | 2.5B | 2.8B | |
Non Currrent Assets Other | 2.4M | 2.9B | 7.4M | 1.6M | 1.8M | 1.8M | |
Cash And Short Term Investments | 74.7M | 108.8M | 40.6M | 21.6M | 24.8M | 23.6M | |
Net Receivables | 311.3M | 207.2M | 255.7M | 413.9M | 334.5M | 396.3M | |
Common Stock Shares Outstanding | 14.7M | 14.9M | 13.7M | 13.3M | 14.3M | 13.9M | |
Liabilities And Stockholders Equity | 3.3B | 2.9B | 2.7B | 2.9B | 3.3B | 3.3B | |
Non Current Liabilities Total | 1.5B | 1.3B | 1.2B | 1.2B | 1.1B | 1.3B | |
Inventory | 31.7M | 26.3M | 23.4M | 35.2M | 35.3M | 29.1M | |
Other Stockholder Equity | 66.3M | 72.9M | 76.3M | 72.6M | 65.3M | 62.0M | |
Total Liab | 1.7B | 1.5B | 1.4B | 1.6B | 1.4B | 1.6B | |
Property Plant And Equipment Gross | 2.8B | 2.5B | 2.3B | 2.4B | 7.0B | 7.3B | |
Total Current Assets | 417.8M | 342.3M | 319.8M | 470.7M | 510.9M | 579.3M | |
Accumulated Other Comprehensive Income | 134.3M | 137.6M | 134.8M | 159.7M | 183.7M | 192.9M | |
Short Term Debt | 12.4M | 12.2M | 13.2M | 15.0M | 17.2M | 16.4M | |
Intangible Assets | 31.7M | 27.7M | 23.9M | 19.6M | 17.3M | 16.4M | |
Other Current Assets | 52.4M | 80.0M | 0.0 | 76.1M | 87.5M | 91.9M | |
Other Assets | 7.0M | 3.2M | 2.9M | 455K | 409.5K | 389.0K | |
Common Stock | 2.3B | 2.3B | 2.3B | 2.3B | 2.6B | 2.5B | |
Other Liab | 44.2M | 40.3M | 45.5M | 96.6M | 87.0M | 163.3M | |
Net Tangible Assets | 1.5B | 1.4B | 1.2B | 1.2B | 1.1B | 1.3B | |
Long Term Debt | 1.4B | 1.2B | 1.1B | 1.1B | 914.8M | 1.2B | |
Deferred Long Term Liab | 2.3M | 2.1M | 2.1M | 1.4M | 1.3M | 2.1M | |
Property Plant Equipment | 2.8B | 2.5B | 2.3B | 2.4B | 2.1B | 2.5B | |
Long Term Debt Total | 1.5B | 1.3B | 1.2B | 1.1B | 1.0B | 1.3B | |
Capital Surpluse | 66.3M | 72.9M | 76.3M | 72.6M | 83.4M | 63.1M | |
Net Invested Capital | 3.0B | 2.6B | 2.3B | 2.3B | 2.5B | 2.2B |
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Try AI Portfolio ArchitectCheck out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Precision Drilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Precision Stock, please use our How to Invest in Precision Drilling guide.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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