Patterson Short Long Term Debt vs Accounts Payable 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 Short Long Term Debt and its Accounts Payable 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.

Short Long Term Debt vs Accounts Payable

Short Long Term Debt vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Patterson UTI Energy Short Long Term Debt account and Accounts Payable. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Patterson UTI's Short Long Term Debt and Accounts Payable is -0.01. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Accounts Payable 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 Short Long Term Debt and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of Patterson UTI Energy are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Short Long Term Debt i.e., Patterson UTI's Short Long Term Debt and Accounts Payable go up and down completely randomly.

Correlation Coefficient

-0.01
Relationship DirectionNegative 
Relationship StrengthInsignificant

Short Long Term Debt

The total of a company’s short-term and long-term borrowings.

Accounts Payable

An accounting item on the balance sheet that represents Patterson UTI obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Patterson UTI Energy are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
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 Expenses93.1M104.0M170.8M133.2M
Cost Of Revenue1.9B2.3B3.5B3.7B

Patterson UTI fundamental ratios Correlations

0.850.910.860.990.60.860.180.860.420.990.210.420.860.60.820.770.510.640.950.60.890.170.690.480.76
0.850.930.850.830.440.98-0.170.770.630.820.370.630.760.760.640.770.720.770.820.740.83-0.040.650.730.88
0.910.930.940.920.360.92-0.20.870.560.870.210.560.860.750.590.90.660.860.820.80.930.050.790.680.95
0.860.850.940.860.20.87-0.280.970.380.810.160.380.960.610.530.950.510.870.80.850.960.010.870.540.93
0.990.830.920.860.540.840.120.860.420.980.230.420.840.60.730.80.490.690.880.570.870.240.720.480.78
0.60.440.360.20.540.460.730.260.180.660.170.180.280.540.820.00.54-0.110.660.040.290.3-0.120.430.1
0.860.980.920.870.840.46-0.140.820.450.840.330.450.790.740.660.770.660.750.840.760.820.060.650.70.86
0.18-0.17-0.2-0.280.120.73-0.14-0.15-0.20.26-0.09-0.2-0.11-0.150.59-0.45-0.09-0.630.29-0.49-0.140.24-0.45-0.27-0.47
0.860.770.870.970.860.260.82-0.150.260.810.130.260.980.530.550.890.440.780.810.750.950.070.80.440.82
0.420.630.560.380.420.180.45-0.20.260.380.361.00.310.520.310.40.580.470.380.370.5-0.390.350.50.54
0.990.820.870.810.980.660.840.260.810.380.230.380.80.580.840.710.490.580.940.530.830.240.640.450.71
0.210.370.210.160.230.170.33-0.090.130.360.230.360.10.180.130.190.150.250.160.190.110.260.130.240.22
0.420.630.560.380.420.180.45-0.20.261.00.380.360.310.520.310.40.580.470.380.370.5-0.390.350.50.54
0.860.760.860.960.840.280.79-0.110.980.310.80.10.310.530.60.860.460.730.830.760.97-0.040.770.430.8
0.60.760.750.610.60.540.74-0.150.530.520.580.180.520.530.430.520.950.570.560.630.610.070.330.970.69
0.820.640.590.530.730.820.660.590.550.310.840.130.310.60.430.320.420.140.930.330.620.030.270.30.38
0.770.770.90.950.80.00.77-0.450.890.40.710.190.40.860.520.320.390.960.640.80.880.040.950.470.94
0.510.720.660.510.490.540.66-0.090.440.580.490.150.580.460.950.420.390.450.510.540.55-0.090.190.930.58
0.640.770.860.870.69-0.110.75-0.630.780.470.580.250.470.730.570.140.960.450.480.80.780.020.890.570.95
0.950.820.820.80.880.660.840.290.810.380.940.160.380.830.560.930.640.510.480.60.850.020.570.450.67
0.60.740.80.850.570.040.76-0.490.750.370.530.190.370.760.630.330.80.540.80.60.77-0.060.690.650.88
0.890.830.930.960.870.290.82-0.140.950.50.830.110.50.970.610.620.880.550.780.850.77-0.120.80.510.86
0.17-0.040.050.010.240.30.060.240.07-0.390.240.26-0.39-0.040.070.030.04-0.090.020.02-0.06-0.12-0.040.070.0
0.690.650.790.870.72-0.120.65-0.450.80.350.640.130.350.770.330.270.950.190.890.570.690.8-0.040.260.86
0.480.730.680.540.480.430.7-0.270.440.50.450.240.50.430.970.30.470.930.570.450.650.510.070.260.68
0.760.880.950.930.780.10.86-0.470.820.540.710.220.540.80.690.380.940.580.950.670.880.860.00.860.68
Click cells to compare fundamentals

Patterson UTI Account Relationship Matchups

Patterson UTI fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets4.4B3.3B3.0B3.1B7.4B7.8B
Short Long Term Debt Total1.0B927.7M877.3M855.7M1.3B1.4B
Other Current Liab220.2M174.4M178.5M198.6M347.4M364.7M
Total Current Liabilities400.6M273.7M435.9M551.0M1.1B1.1B
Total Stockholder Equity2.8B2.0B1.6B1.7B4.8B5.1B
Property Plant And Equipment Net3.3B2.8B2.4B2.3B3.5B2.0B
Net Debt828.9M702.8M759.8M718.1M1.2B1.2B
Retained Earnings1.3B472.0M(198.3M)(87.4M)57.0M54.2M
Accounts Payable170.5M91.6M190.2M237.1M534.4M561.1M
Cash174.2M224.9M117.5M137.6M192.7M202.3M
Non Current Assets Total3.8B2.8B2.4B2.3B5.9B6.2B
Non Currrent Assets Other17.8M11.4M11.1M10.9M19.4M20.4M
Cash And Short Term Investments174.2M224.9M117.5M137.6M192.7M202.3M
Net Receivables346.1M164.6M356.2M565.9M1.0B1.1B
Common Stock Shares Outstanding203.0M188.0M195.0M219.5M280.1M153.1M
Liabilities And Stockholders Equity4.4B3.3B3.0B3.1B7.4B7.8B
Non Current Liabilities Total1.2B1.0B912.5M927.3M1.5B1.6B
Inventory36.4M33.1M42.4M58.0M180.8M189.8M
Other Current Assets75.2M55.3M67.6M67.9M83.2M41.9M
Other Stockholder Equity1.5B1.5B1.8B1.7B4.7B5.0B
Total Liab1.6B1.3B1.3B1.5B2.6B2.7B
Property Plant And Equipment Gross3.3B2.8B8.2B8.0B9.3B9.8B
Total Current Assets631.8M478.0M583.7M829.4M1.5B1.6B
Accumulated Other Comprehensive Income5.5M5.4M5.9M(467.9M)472K495.6K
Intangible Assets71.4M30.1M7.5M5.8M1.1B1.1B
Common Stock Total Equity2.7M2.7M3.0M3.0M3.5M2.0M
Common Stock2.7M2.7M3.0M3.0M5.2M5.4M
Other Liab212.2M88.7M42.1M76.8M88.3M130.0M
Other Assets25.8M30.0M15.9M27.1M(1.5B)(1.4B)
Long Term Debt966.5M901.5M852.3M830.9M1.2B707.4M
Good Will410.8M372.6M30.1M0.01.4B1.4B
Treasury Stock(1.3B)(1.4B)(1.4B)(1.5B)(1.3B)(1.2B)
Property Plant Equipment3.3B2.8B2.3B2.3B2.6B2.6B
Net Tangible Assets2.4B2.0B1.7B1.7B1.5B1.9B
Capital Surpluse2.9B2.9B3.2B3.2B3.7B2.0B

Patterson UTI Investors Sentiment

The influence of Patterson UTI's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Patterson. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Patterson UTI's public news can be used to forecast risks associated with an investment in Patterson. The trend in average sentiment can be used to explain how an investor holding Patterson can time the market purely based on public headlines and social activities around Patterson UTI Energy. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Patterson UTI's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Patterson UTI's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Patterson UTI's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Patterson UTI.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Patterson UTI in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Patterson UTI's short interest history, or implied volatility extrapolated from Patterson UTI options trading.

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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:
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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.

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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.