Precision Net Debt vs Net Receivables Analysis

PD Stock

CAD 92.47 0.84 0.92%

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 Net Debt and its Net Receivables 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 closely tied 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.

Net Debt vs Net Receivables

Net Debt vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Precision Drilling Net Debt account and Net Receivables. At this time, the significance of the direction appears to have very week relationship.

The correlation between Precision Drilling's Net Debt and Net Receivables is 0.22. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Net Receivables 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 Net Debt and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Precision Drilling are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Net Debt i.e., Precision Drilling's Net Debt and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.22

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Net Receivables

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 closely tied 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 7th 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

Interest Expense Depreciation And Amortization

Precision Drilling fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Short Term Investments	Other Current Assets	Other Assets
Total Assets		0.83	0.77	0.68	0.98	0.97	0.71	0.29	0.22	0.62	0.99	0.11	0.62	0.75	0.82	0.96	-0.05	0.15	0.98	0.4	0.82	0.75	-0.89	0.11	0.34	0.43
Short Long Term Debt Total	0.83		0.5	0.36	0.73	0.91	0.93	-0.08	0.05	0.44	0.87	0.28	0.44	0.36	0.83	0.92	0.33	-0.11	0.89	0.32	0.51	0.61	-0.67	0.19	0.25	0.1
Other Current Liab	0.77	0.5		0.48	0.75	0.7	0.4	0.7	-0.1	0.59	0.74	0.02	0.61	0.55	0.61	0.73	-0.48	0.22	0.75	-0.01	0.68	0.81	-0.59	0.38	0.06	0.7
Total Current Liabilities	0.68	0.36	0.48		0.7	0.57	0.18	0.15	0.71	0.46	0.6	-0.2	0.45	0.95	0.41	0.51	-0.04	0.31	0.64	0.44	0.82	0.29	-0.74	-0.1	0.49	0.32
Total Stockholder Equity	0.98	0.73	0.75	0.7		0.93	0.6	0.34	0.19	0.56	0.96	0.06	0.55	0.79	0.79	0.89	-0.11	0.17	0.92	0.48	0.81	0.71	-0.91	0.0	0.38	0.49
Property Plant And Equipment Net	0.97	0.91	0.7	0.57	0.93		0.84	0.15	0.17	0.5	0.99	0.21	0.5	0.63	0.84	0.97	0.1	0.0	0.97	0.36	0.69	0.71	-0.86	0.17	0.34	0.35
Net Debt	0.71	0.93	0.4	0.18	0.6	0.84		-0.23	0.01	0.16	0.78	0.38	0.18	0.22	0.74	0.82	0.44	-0.28	0.77	0.19	0.26	0.49	-0.54	0.25	0.23	0.1
Retained Earnings	0.29	-0.08	0.7	0.15	0.34	0.15	-0.23		-0.28	0.54	0.22	-0.08	0.55	0.26	0.16	0.22	-0.89	0.27	0.22	-0.2	0.46	0.63	-0.17	0.27	-0.32	0.49
Accounts Payable	0.22	0.05	-0.1	0.71	0.19	0.17	0.01	-0.28		0.17	0.15	-0.18	0.17	0.66	-0.06	0.12	0.16	0.25	0.23	0.09	0.42	-0.19	-0.34	-0.02	0.32	-0.07
Cash	0.62	0.44	0.59	0.46	0.56	0.5	0.16	0.54	0.17		0.52	-0.13	1.0	0.47	0.42	0.63	-0.48	0.5	0.65	0.03	0.85	0.65	-0.49	0.24	-0.09	0.18
Non Current Assets Total	0.99	0.87	0.74	0.6	0.96	0.99	0.78	0.22	0.15	0.52		0.17	0.52	0.68	0.84	0.97	0.03	0.06	0.97	0.4	0.73	0.74	-0.88	0.11	0.35	0.42
Non Currrent Assets Other	0.11	0.28	0.02	-0.2	0.06	0.21	0.38	-0.08	-0.18	-0.13	0.17		-0.12	-0.14	0.36	0.19	0.18	-0.1	0.14	-0.04	-0.16	0.15	-0.11	0.15	-0.41	-0.22
Cash And Short Term Investments	0.62	0.44	0.61	0.45	0.55	0.5	0.18	0.55	0.17	1.0	0.52	-0.12		0.46	0.41	0.63	-0.5	0.5	0.65	-0.02	0.84	0.66	-0.48	0.29	-0.11	0.19
Net Receivables	0.75	0.36	0.55	0.95	0.79	0.63	0.22	0.26	0.66	0.47	0.68	-0.14	0.46		0.49	0.58	-0.15	0.35	0.69	0.4	0.85	0.37	-0.75	-0.09	0.4	0.46
Common Stock Shares Outstanding	0.82	0.83	0.61	0.41	0.79	0.84	0.74	0.16	-0.06	0.42	0.84	0.36	0.41	0.49		0.83	0.16	0.08	0.82	0.41	0.58	0.57	-0.59	0.08	0.05	0.39
Non Current Liabilities Total	0.96	0.92	0.73	0.51	0.89	0.97	0.82	0.22	0.12	0.63	0.97	0.19	0.63	0.58	0.83		0.01	0.08	0.99	0.28	0.73	0.78	-0.8	0.22	0.23	0.33
Inventory	-0.05	0.33	-0.48	-0.04	-0.11	0.1	0.44	-0.89	0.16	-0.48	0.03	0.18	-0.5	-0.15	0.16	0.01		-0.4	0.0	0.41	-0.33	-0.44	0.0	-0.32	0.34	-0.38
Other Stockholder Equity	0.15	-0.11	0.22	0.31	0.17	0.0	-0.28	0.27	0.25	0.5	0.06	-0.1	0.5	0.35	0.08	0.08	-0.4		0.13	-0.1	0.46	0.14	-0.17	0.09	-0.15	0.42
Total Liab	0.98	0.89	0.75	0.64	0.92	0.97	0.77	0.22	0.23	0.65	0.97	0.14	0.65	0.69	0.82	0.99	0.0	0.13		0.32	0.8	0.75	-0.85	0.19	0.29	0.36
Property Plant And Equipment Gross	0.4	0.32	-0.01	0.44	0.48	0.36	0.19	-0.2	0.09	0.03	0.4	-0.04	-0.02	0.4	0.41	0.28	0.41	-0.1	0.32		0.34	0.04	-0.52	-0.81	0.59	-0.11
Total Current Assets	0.82	0.51	0.68	0.82	0.81	0.69	0.26	0.46	0.42	0.85	0.73	-0.16	0.84	0.85	0.58	0.73	-0.33	0.46	0.8	0.34		0.61	-0.74	0.01	0.24	0.37
Short Term Debt	0.75	0.61	0.81	0.29	0.71	0.71	0.49	0.63	-0.19	0.65	0.74	0.15	0.66	0.37	0.57	0.78	-0.44	0.14	0.75	0.04	0.61		-0.62	0.33	-0.06	0.38
Intangible Assets	-0.89	-0.67	-0.59	-0.74	-0.91	-0.86	-0.54	-0.17	-0.34	-0.49	-0.88	-0.11	-0.48	-0.75	-0.59	-0.8	0.0	-0.17	-0.85	-0.52	-0.74	-0.62		0.07	-0.49	-0.27
Short Term Investments	0.11	0.19	0.38	-0.1	0.0	0.17	0.25	0.27	-0.02	0.24	0.11	0.15	0.29	-0.09	0.08	0.22	-0.32	0.09	0.19	-0.81	0.01	0.33	0.07		-0.42	0.29
Other Current Assets	0.34	0.25	0.06	0.49	0.38	0.34	0.23	-0.32	0.32	-0.09	0.35	-0.41	-0.11	0.4	0.05	0.23	0.34	-0.15	0.29	0.59	0.24	-0.06	-0.49	-0.42		0.04
Other Assets	0.43	0.1	0.7	0.32	0.49	0.35	0.1	0.49	-0.07	0.18	0.42	-0.22	0.19	0.46	0.39	0.33	-0.38	0.42	0.36	-0.11	0.37	0.38	-0.27	0.29	0.04

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Precision Drilling Account Relationship Matchups

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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Additional Information and Resources on Investing in Precision Stock

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:

How To Invest In Precision

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Is Precision Stock a good investment?

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What is Precision Drilling's Net Worth?

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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 closely tied 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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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.

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Precision Net Debt vs Net Receivables Analysis

Net Debt vs Net Receivables

Net Debt vs Net Receivables Correlation Analysis

Correlation Coefficient

Net Debt

Net Receivables

Precision Drilling fundamental ratios Correlations

Precision Drilling Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Precision Drilling fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Additional Information and Resources on Investing in Precision Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.99	Non Current Liabilities Total
Total Stockholder Equity	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Assets

Intangible Assets	- 0.91	Total Stockholder Equity
Inventory	- 0.89	Retained Earnings
Intangible Assets	- 0.89	Total Assets
Intangible Assets	- 0.88	Non Current Assets Total
Intangible Assets	- 0.86	Property Plant And Equipment Net
Intangible Assets	- 0.85	Total Liab