Patterson Capital Surpluse vs Long Term Debt Total Analysis

PTEN Stock

USD 11.25 0.01 0.09%

Patterson UTI financial indicator trend analysis is much more than just breaking down Patterson UTI Energy prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Patterson UTI Energy is a good investment. Please check the relationship between Patterson UTI Capital Surpluse and its Long Term Debt Total accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patterson UTI Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

Capital Surpluse vs Long Term Debt Total

Capital Surpluse vs Long Term Debt Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Patterson UTI Energy Capital Surpluse account and Long Term Debt Total. At this time, the significance of the direction appears to have strong relationship.

The correlation between Patterson UTI's Capital Surpluse and Long Term Debt Total is 0.69. Overlapping area represents the amount of variation of Capital Surpluse that can explain the historical movement of Long Term Debt Total in the same time period over historical financial statements of Patterson UTI Energy, assuming nothing else is changed. The correlation between historical values of Patterson UTI's Capital Surpluse and Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Surpluse of Patterson UTI Energy are associated (or correlated) with its Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt Total has no effect on the direction of Capital Surpluse i.e., Patterson UTI's Capital Surpluse and Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

0.69

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Capital Surpluse

Long Term Debt Total

Most indicators from Patterson UTI's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Patterson UTI Energy 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 Patterson UTI Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

At this time, Patterson UTI's Selling General Administrative is very stable compared to the past year. As of the 28th of April 2024, Tax Provision is likely to grow to about 40 M, while Discontinued Operations is likely to drop about 2 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	93.1M	104.0M	170.8M	133.2M
Cost Of Revenue	1.9B	2.3B	3.5B	3.7B

Total Operating Expenses Cost Of Revenue

Patterson UTI 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 Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock Total Equity	Common Stock
Total Assets		0.85	0.91	0.86	0.99	0.6	0.86	0.18	0.86	0.42	0.99	0.21	0.42	0.86	0.6	0.82	0.77	0.51	0.64	0.95	0.6	0.89	0.17	0.69	0.48	0.76
Short Long Term Debt Total	0.85		0.93	0.85	0.83	0.44	0.98	-0.17	0.77	0.63	0.82	0.37	0.63	0.76	0.76	0.64	0.77	0.72	0.77	0.82	0.74	0.83	-0.04	0.65	0.73	0.88
Other Current Liab	0.91	0.93		0.94	0.92	0.36	0.92	-0.2	0.87	0.56	0.87	0.21	0.56	0.86	0.75	0.59	0.9	0.66	0.86	0.82	0.8	0.93	0.05	0.79	0.68	0.95
Total Current Liabilities	0.86	0.85	0.94		0.86	0.2	0.87	-0.28	0.97	0.38	0.81	0.16	0.38	0.96	0.61	0.53	0.95	0.51	0.87	0.8	0.85	0.96	0.01	0.87	0.54	0.93
Total Stockholder Equity	0.99	0.83	0.92	0.86		0.54	0.84	0.12	0.86	0.42	0.98	0.23	0.42	0.84	0.6	0.73	0.8	0.49	0.69	0.88	0.57	0.87	0.24	0.72	0.48	0.78
Property Plant And Equipment Net	0.6	0.44	0.36	0.2	0.54		0.46	0.73	0.26	0.18	0.66	0.17	0.18	0.28	0.54	0.82	0.0	0.54	-0.11	0.66	0.04	0.29	0.3	-0.12	0.43	0.1
Net Debt	0.86	0.98	0.92	0.87	0.84	0.46		-0.14	0.82	0.45	0.84	0.33	0.45	0.79	0.74	0.66	0.77	0.66	0.75	0.84	0.76	0.82	0.06	0.65	0.7	0.86
Retained Earnings	0.18	-0.17	-0.2	-0.28	0.12	0.73	-0.14		-0.15	-0.2	0.26	-0.09	-0.2	-0.11	-0.15	0.59	-0.45	-0.09	-0.63	0.29	-0.49	-0.14	0.24	-0.45	-0.27	-0.47
Accounts Payable	0.86	0.77	0.87	0.97	0.86	0.26	0.82	-0.15		0.26	0.81	0.13	0.26	0.98	0.53	0.55	0.89	0.44	0.78	0.81	0.75	0.95	0.07	0.8	0.44	0.82
Cash	0.42	0.63	0.56	0.38	0.42	0.18	0.45	-0.2	0.26		0.38	0.36	1.0	0.31	0.52	0.31	0.4	0.58	0.47	0.38	0.37	0.5	-0.39	0.35	0.5	0.54
Non Current Assets Total	0.99	0.82	0.87	0.81	0.98	0.66	0.84	0.26	0.81	0.38		0.23	0.38	0.8	0.58	0.84	0.71	0.49	0.58	0.94	0.53	0.83	0.24	0.64	0.45	0.71
Non Currrent Assets Other	0.21	0.37	0.21	0.16	0.23	0.17	0.33	-0.09	0.13	0.36	0.23		0.36	0.1	0.18	0.13	0.19	0.15	0.25	0.16	0.19	0.11	0.26	0.13	0.24	0.22
Cash And Short Term Investments	0.42	0.63	0.56	0.38	0.42	0.18	0.45	-0.2	0.26	1.0	0.38	0.36		0.31	0.52	0.31	0.4	0.58	0.47	0.38	0.37	0.5	-0.39	0.35	0.5	0.54
Net Receivables	0.86	0.76	0.86	0.96	0.84	0.28	0.79	-0.11	0.98	0.31	0.8	0.1	0.31		0.53	0.6	0.86	0.46	0.73	0.83	0.76	0.97	-0.04	0.77	0.43	0.8
Common Stock Shares Outstanding	0.6	0.76	0.75	0.61	0.6	0.54	0.74	-0.15	0.53	0.52	0.58	0.18	0.52	0.53		0.43	0.52	0.95	0.57	0.56	0.63	0.61	0.07	0.33	0.97	0.69
Non Current Liabilities Total	0.82	0.64	0.59	0.53	0.73	0.82	0.66	0.59	0.55	0.31	0.84	0.13	0.31	0.6	0.43		0.32	0.42	0.14	0.93	0.33	0.62	0.03	0.27	0.3	0.38
Inventory	0.77	0.77	0.9	0.95	0.8	0.0	0.77	-0.45	0.89	0.4	0.71	0.19	0.4	0.86	0.52	0.32		0.39	0.96	0.64	0.8	0.88	0.04	0.95	0.47	0.94
Other Current Assets	0.51	0.72	0.66	0.51	0.49	0.54	0.66	-0.09	0.44	0.58	0.49	0.15	0.58	0.46	0.95	0.42	0.39		0.45	0.51	0.54	0.55	-0.09	0.19	0.93	0.58
Other Stockholder Equity	0.64	0.77	0.86	0.87	0.69	-0.11	0.75	-0.63	0.78	0.47	0.58	0.25	0.47	0.73	0.57	0.14	0.96	0.45		0.48	0.8	0.78	0.02	0.89	0.57	0.95
Total Liab	0.95	0.82	0.82	0.8	0.88	0.66	0.84	0.29	0.81	0.38	0.94	0.16	0.38	0.83	0.56	0.93	0.64	0.51	0.48		0.6	0.85	0.02	0.57	0.45	0.67
Property Plant And Equipment Gross	0.6	0.74	0.8	0.85	0.57	0.04	0.76	-0.49	0.75	0.37	0.53	0.19	0.37	0.76	0.63	0.33	0.8	0.54	0.8	0.6		0.77	-0.06	0.69	0.65	0.88
Total Current Assets	0.89	0.83	0.93	0.96	0.87	0.29	0.82	-0.14	0.95	0.5	0.83	0.11	0.5	0.97	0.61	0.62	0.88	0.55	0.78	0.85	0.77		-0.12	0.8	0.51	0.86
Short Term Debt	0.17	-0.04	0.05	0.01	0.24	0.3	0.06	0.24	0.07	-0.39	0.24	0.26	-0.39	-0.04	0.07	0.03	0.04	-0.09	0.02	0.02	-0.06	-0.12		-0.04	0.07	0.0
Intangible Assets	0.69	0.65	0.79	0.87	0.72	-0.12	0.65	-0.45	0.8	0.35	0.64	0.13	0.35	0.77	0.33	0.27	0.95	0.19	0.89	0.57	0.69	0.8	-0.04		0.26	0.86
Common Stock Total Equity	0.48	0.73	0.68	0.54	0.48	0.43	0.7	-0.27	0.44	0.5	0.45	0.24	0.5	0.43	0.97	0.3	0.47	0.93	0.57	0.45	0.65	0.51	0.07	0.26		0.68
Common Stock	0.76	0.88	0.95	0.93	0.78	0.1	0.86	-0.47	0.82	0.54	0.71	0.22	0.54	0.8	0.69	0.38	0.94	0.58	0.95	0.67	0.88	0.86	0.0	0.86	0.68

Click cells to compare fundamentals

Patterson UTI Account Relationship Matchups

Patterson UTI fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.4B	3.3B	3.0B	3.1B	7.4B	7.8B
Short Long Term Debt Total	1.0B	927.7M	877.3M	855.7M	1.3B	1.4B
Other Current Liab	220.2M	174.4M	178.5M	198.6M	347.4M	364.7M
Total Current Liabilities	400.6M	273.7M	435.9M	551.0M	1.1B	1.1B
Total Stockholder Equity	2.8B	2.0B	1.6B	1.7B	4.8B	5.1B
Property Plant And Equipment Net	3.3B	2.8B	2.4B	2.3B	3.5B	2.0B
Net Debt	828.9M	702.8M	759.8M	718.1M	1.2B	1.2B
Retained Earnings	1.3B	472.0M	(198.3M)	(87.4M)	57.0M	54.2M
Accounts Payable	170.5M	91.6M	190.2M	237.1M	534.4M	561.1M
Cash	174.2M	224.9M	117.5M	137.6M	192.7M	202.3M
Non Current Assets Total	3.8B	2.8B	2.4B	2.3B	5.9B	6.2B
Non Currrent Assets Other	17.8M	11.4M	11.1M	10.9M	19.4M	20.4M
Cash And Short Term Investments	174.2M	224.9M	117.5M	137.6M	192.7M	202.3M
Net Receivables	346.1M	164.6M	356.2M	565.9M	1.0B	1.1B
Common Stock Shares Outstanding	203.0M	188.0M	195.0M	219.5M	280.1M	153.1M
Liabilities And Stockholders Equity	4.4B	3.3B	3.0B	3.1B	7.4B	7.8B
Non Current Liabilities Total	1.2B	1.0B	912.5M	927.3M	1.5B	1.6B
Inventory	36.4M	33.1M	42.4M	58.0M	180.8M	189.8M
Other Current Assets	75.2M	55.3M	67.6M	67.9M	83.2M	41.9M
Other Stockholder Equity	1.5B	1.5B	1.8B	1.7B	4.7B	5.0B
Total Liab	1.6B	1.3B	1.3B	1.5B	2.6B	2.7B
Property Plant And Equipment Gross	3.3B	2.8B	8.2B	8.0B	9.3B	9.8B
Total Current Assets	631.8M	478.0M	583.7M	829.4M	1.5B	1.6B
Accumulated Other Comprehensive Income	5.5M	5.4M	5.9M	(467.9M)	472K	495.6K
Intangible Assets	71.4M	30.1M	7.5M	5.8M	1.1B	1.1B
Common Stock Total Equity	2.7M	2.7M	3.0M	3.0M	3.5M	2.0M
Common Stock	2.7M	2.7M	3.0M	3.0M	5.2M	5.4M
Other Liab	212.2M	88.7M	42.1M	76.8M	88.3M	130.0M
Other Assets	25.8M	30.0M	15.9M	27.1M	(1.5B)	(1.4B)
Long Term Debt	966.5M	901.5M	852.3M	830.9M	1.2B	707.4M
Good Will	410.8M	372.6M	30.1M	0.0	1.4B	1.4B
Treasury Stock	(1.3B)	(1.4B)	(1.4B)	(1.5B)	(1.3B)	(1.2B)
Property Plant Equipment	3.3B	2.8B	2.3B	2.3B	2.6B	2.6B
Net Tangible Assets	2.4B	2.0B	1.7B	1.7B	1.5B	1.9B
Capital Surpluse	2.9B	2.9B	3.2B	3.2B	3.7B	2.0B

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When determining whether Patterson UTI Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Patterson UTI's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Patterson Uti Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Patterson Uti Energy Stock:

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Is Patterson Stock a good investment?

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What is Patterson UTI'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 Patterson UTI Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

Note that the Patterson UTI Energy information on this page should be used as a complementary analysis to other Patterson UTI's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

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When running Patterson UTI's price analysis, check to measure Patterson UTI'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 Patterson UTI is operating at the current time. Most of Patterson UTI's value examination focuses on studying past and present price action to predict the probability of Patterson UTI's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Patterson UTI's price. Additionally, you may evaluate how the addition of Patterson UTI to your portfolios can decrease your overall portfolio volatility.

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Is Patterson UTI's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Patterson UTI. If investors know Patterson will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Patterson UTI listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.68)

Dividend Share

0.32

Earnings Share

0.88

Revenue Per Share

14.835

Quarterly Revenue Growth

1.009

The market value of Patterson UTI Energy is measured differently than its book value, which is the value of Patterson that is recorded on the company's balance sheet. Investors also form their own opinion of Patterson UTI's value that differs from its market value or its book value, called intrinsic value, which is Patterson UTI's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Patterson UTI's market value can be influenced by many factors that don't directly affect Patterson UTI's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Patterson UTI's value and its price as these two are different measures arrived at by different means. Investors typically determine if Patterson UTI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patterson UTI'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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Patterson Capital Surpluse vs Long Term Debt Total Analysis

Capital Surpluse vs Long Term Debt Total

Capital Surpluse vs Long Term Debt Total Correlation Analysis

Correlation Coefficient

Capital Surpluse

Long Term Debt Total

Patterson UTI fundamental ratios Correlations

Patterson UTI Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Patterson UTI fundamental ratios Accounts

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Complementary Tools for Patterson Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Net Debt	+ 0.98	Short Long Term Debt Total
Non Current Assets Total	+ 0.98	Total Stockholder Equity
Net Receivables	+ 0.98	Accounts Payable

Other Stockholder Equity	- 0.63	Retained Earnings
Property Plant And Equipment Gross	- 0.49	Retained Earnings
Common Stock	- 0.47	Retained Earnings
Intangible Assets	- 0.45	Retained Earnings
Inventory	- 0.45	Retained Earnings
Short Term Debt	- 0.39	Cash And Short Term Investments