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. Check Precision Drilling Corporation (PD) strategic investment index to assess the company's strategic physical and investment asset allocation.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio Trend (1999–1999)
This chart shows how Precision Drilling Corporation's Asset Resilience Ratio has changed over time. See how leveraged is Precision Drilling Corporation's balance sheet to measure how much of total assets are equity-financed.
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 market capitalisation and broader financial context, see Precision Drilling Corporation stock valuation.
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 |
|---|---|---|
|
Noble Corporation plc
NYSE:NE |
Oil & Gas Drilling | 6.26% |
|
Odfjell Drilling Ltd
OL:ODL |
Oil & Gas Drilling | 0.07% |
|
Western Energy Services Corp.
TO:WRG |
Oil & Gas Drilling | 0.70% |
|
PHX Energy Services Corporation
TO:PHX |
Oil & Gas Drilling | 1.81% |
|
Stampede Drilling Inc
V:SDI |
Oil & Gas Drilling | 17.84% |
|
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% |
Annual Asset Resilience Ratio for Precision Drilling Corporation (1999–1999)
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