Precision Drilling Corporation Asset Resilience Ratio
Precision Drilling Corporation asset resilience ratio. Precision Drilling Corporation (PD) has an Asset Resilience Ratio of 39.70% as of September 2005. The Asset Resilience Ratio measures the percentage of a company's total assets that are held in liquid form (cash and short-term investments). This metric indicates how well-positioned the company is to handle unexpected financial challenges, economic downturns, or strategic opportunities without requiring external financing. Read how much debt does Precision Drilling Corporation carry for a breakdown of total debt and financial obligations.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio of Precision Drilling Corporation (1999–1999)
Asset resilience ratio of Precision Drilling Corporation from 1999 to 1999. This chart shows how Precision Drilling Corporation's Asset Resilience Ratio has changed over time. See PD free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
Liquid Assets Composition Over Time
This chart breaks down Precision Drilling Corporation's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time. For the complete balance sheet picture, see PD asset base.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 0% |
| Short-term Investments | CA$2.07 Billion | 39.7% |
| Total Liquid Assets | CA$2.07 Billion | 39.70% |
Asset Resilience Insights
- Very High Liquidity: Precision Drilling Corporation maintains exceptional liquid asset reserves at 39.70% of total assets.
- This level provides strong protection against economic uncertainties but may indicate potential for more aggressive growth investments.
- The company has significant short-term investments, indicating active treasury management.
Precision Drilling Corporation Industry Peers by Asset Resilience Ratio
Compare Precision Drilling Corporation's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
Odfjell Drilling Ltd
OL:ODL |
Oil & Gas Drilling | 0.07% |
|
Northern Ocean Ltd
OL:NOL |
Oil & Gas Drilling | 5.54% |
|
Deep Value Driller AS
OL:DVD |
Oil & Gas Drilling | 12.91% |
|
Stampede Drilling Inc
V:SDI |
Oil & Gas Drilling | 17.84% |
|
PHX Energy Services Corporation
TO:PHX |
Oil & Gas Drilling | 1.81% |
|
Sinopec Oilfield Service Corp
SHG:600871 |
Oil & Gas Drilling | 0.06% |
|
XinJiang Beiken Energy Engineering Stock Co Ltd
SHE:002828 |
Oil & Gas Drilling | 10.37% |
|
Nabors Industries Ltd
F:NBI1 |
Oil & Gas Drilling | 0.00% |
Precision Drilling Corporation Asset Resilience Ratio by Year (1999–1999)
Precision Drilling Corporation asset resilience ratio by year from 1999 to 1999. The table below shows the annual Asset Resilience Ratio data for Precision Drilling Corporation.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 1999-12-31 | 3.26% | CA$46.80 Million ≈ $33.85 Million |
CA$1.44 Billion ≈ $1.04 Billion |
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About Precision Drilling Corporation
Precision Drilling Corporation, a drilling company, provides onshore drilling services to exploration and production companies in the oil and natural gas and geothermal industries in the United States, Canada, and internationally. It operates through Contract Drilling Services; and Completion and Production Services segments. The Contract Drilling Services segment offers onshore well drilling ser… Read more