Patterson-UTI Energy Inc (PTEN) — Defensive Interval Ratio
Patterson-UTI Energy Inc (PTEN) has a Defensive Interval Ratio of 452 days as of June 2026. Defensive assets of $970.91 Million (cash $-, short-term investments $-, receivables $970.91 Million) cover 452 days of daily cash needs of $2.15 Million/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Patterson-UTI Energy Inc Defensive Interval Ratio (1992–2025)
This chart shows how Patterson-UTI Energy Inc's Defensive Interval Ratio has evolved across 34 annual periods from 1992 to 2025. As of June 2026, the ratio stands at 452 days, meaning defensive assets of $970.91 Million can fund 452 days of operations without new revenue. For the complete balance sheet picture, see PTEN total asset value.
Annual Defensive Interval Ratio for Patterson-UTI Energy Inc (1992–2025)
The table below presents the year-by-year Defensive Interval Ratio for Patterson-UTI Energy Inc from 1992 to 2025, covering 34 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. See PTEN working capital ratio to evaluate short-term liquidity relative to the company's equity base.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 328 days | $775.96 Million | $2.37 Million/day | $- | $- | ▼ -29 days |
| 2024 | 357 days | $823.93 Million | $2.31 Million/day | $- | $2.11 Million | ▼ 0 days |
| 2023 | 358 days | $1.03 Billion | $2.88 Million/day | $- | $- | ▼ -48 days |
| 2022 | 405 days | $611.47 Million | $1.51 Million/day | $- | $- | ▲ +107 days |
| 2021 | 298 days | $356.15 Million | $1.19 Million/day | $- | $- | ▲ +79 days |
| 2020 | 220 days | $164.64 Million | $749.92K/day | $- | $- | ▼ -96 days |
| 2019 | 315 days | $346.10 Million | $1.10 Million/day | $- | $- | ▼ -75 days |
| 2018 | 390 days | $562.93 Million | $1.44 Million/day | $- | $- | ▲ +2 days |
| 2017 | 389 days | $581.51 Million | $1.50 Million/day | $- | $0.00 | ▲ +182 days |
| 2016 | 207 days | $150.22 Million | $725.52K/day | $- | $0.00 | ▼ -93 days |
| 2015 | 300 days | $253.13 Million | $844.20K/day | $- | $0.00 | ▼ -179 days |
| 2014 | 478 days | $745.13 Million | $1.56 Million/day | $- | $0.00 | ▲ +13 days |
| 2013 | 465 days | $451.52 Million | $970.62K/day | $- | $0.00 | ▼ -7 days |
| 2012 | 472 days | $465.52 Million | $985.93K/day | $- | $0.00 | ▲ +21 days |
| 2011 | 452 days | $518.11 Million | $1.15 Million/day | $- | $0.00 | ▼ -25 days |
| 2010 | 476 days | $412.23 Million | $865.66K/day | $- | $0.00 | ▼ -59 days |
| 2009 | 535 days | $283.37 Million | $529.61K/day | $- | $0.00 | ▲ +23 days |
| 2008 | 512 days | $424.71 Million | $829.08K/day | $- | $- | ▲ +51 days |
| 2007 | 462 days | $373.28 Million | $808.79K/day | $- | $- | ▼ -101 days |
| 2006 | 563 days | $489.55 Million | $870.19K/day | $- | $- | ▼ -40 days |
| 2005 | 603 days | $422.00 Million | $699.75K/day | $- | $- | ▲ +82 days |
| 2004 | 521 days | $214.10 Million | $411.17K/day | $- | $- | ▼ -48 days |
| 2003 | 569 days | $169.01 Million | $297.12K/day | $- | $- | ▼ -32 days |
| 2002 | 601 days | $123.73 Million | $205.90K/day | $- | $- | ▲ +47 days |
| 2001 | 554 days | $135.51 Million | $244.62K/day | $- | $- | ▲ +27 days |
| 2000 | 527 days | $82.07 Million | $155.83K/day | $- | $- | ▲ +37 days |
| 1999 | 489 days | $42.50 Million | $86.85K/day | $- | $- | ▲ +28 days |
| 1998 | 462 days | $29.10 Million | $63.01K/day | $- | $- | ▼ -83 days |
| 1997 | 545 days | $45.50 Million | $83.56K/day | $- | $- | ▲ +41 days |
| 1996 | 504 days | $24.70 Million | $49.04K/day | $- | $- | ▲ +121 days |
| 1995 | 382 days | $11.00 Million | $28.77K/day | $- | $- | ▲ +43 days |
| 1994 | 339 days | $10.40 Million | $30.68K/day | $- | $- | ▼ -26 days |
| 1993 | 365 days | $6.30 Million | $17.26K/day | $- | $- | ▲ +146 days |
| 1992 | 219 days | $4.50 Million | $20.55K/day | $- | $- | — |