Precision Other Stockholder Equity vs Inventory Analysis
PD Stock | CAD 90.06 1.56 1.70% |
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 Other Stockholder Equity and its Inventory 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.
Other Stockholder Equity vs Inventory
Other Stockholder Equity vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Precision Drilling Other Stockholder Equity account and Inventory. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Precision Drilling's Other Stockholder Equity and Inventory is -0.4. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Inventory 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 Other Stockholder Equity and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Precision Drilling are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Other Stockholder Equity i.e., Precision Drilling's Other Stockholder Equity and Inventory go up and down completely randomly.
Correlation Coefficient | -0.4 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Other Stockholder Equity
Inventory
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 15th 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
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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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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: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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.