Parker Drilling Company
Parker Drilling Company provides contract drilling and drilling-related services, and rental tools and services to the energy industry. It operates through two business lines, Drilling Services and Rental Tools Services. The Drilling Services business line drills oil, natural gas, and geothermal wells with company-owned rigs and customer-owned rigs; and operates barge rigs for drilling oil and na… Read more
Parker Drilling Company (PKDC) - Net Assets
Latest net assets as of December 2019: $353.90 Million USD
Based on the latest financial reports, Parker Drilling Company (PKDC) has net assets worth $353.90 Million USD as of December 2019.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($682.85 Million) and total liabilities ($328.95 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $353.90 Million |
| % of Total Assets | 51.83% |
| Annual Growth Rate | 1.37% |
| 5-Year Change | -37.75% |
| 10-Year Change | -39.82% |
| Growth Volatility | 53.85 |
Parker Drilling Company - Net Assets Trend (1985–2019)
This chart illustrates how Parker Drilling Company's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Parker Drilling Company (1985–2019)
The table below shows the annual net assets of Parker Drilling Company from 1985 to 2019.
| Year | Net Assets | Change |
|---|---|---|
| 2019-12-31 | $353.90 Million | +178.85% |
| 2018-12-31 | $126.92 Million | -57.14% |
| 2017-12-31 | $296.12 Million | -12.68% |
| 2016-12-31 | $339.13 Million | -40.35% |
| 2015-12-31 | $568.51 Million | -14.67% |
| 2014-12-31 | $666.21 Million | +5.22% |
| 2013-12-31 | $633.14 Million | +7.20% |
| 2012-12-31 | $590.63 Million | +8.56% |
| 2011-12-31 | $544.05 Million | -7.48% |
| 2010-12-31 | $588.07 Million | -1.31% |
| 2009-12-31 | $595.90 Million | +4.47% |
| 2008-12-31 | $570.40 Million | +6.67% |
| 2007-12-31 | $534.72 Million | +16.47% |
| 2006-12-31 | $459.10 Million | +76.69% |
| 2005-12-31 | $259.83 Million | +74.48% |
| 2004-12-31 | $148.92 Million | -22.76% |
| 2003-12-31 | $192.80 Million | -35.87% |
| 2002-12-31 | $300.63 Million | -27.06% |
| 2001-12-31 | $412.14 Million | +3.25% |
| 2000-12-31 | $399.16 Million | +21.18% |
| 1999-12-31 | $329.40 Million | -9.51% |
| 1998-12-31 | $364.00 Million | +4.39% |
| 1997-12-31 | $348.70 Million | +42.91% |
| 1996-12-31 | $244.00 Million | +30.55% |
| 1995-12-31 | $186.90 Million | +1.63% |
| 1994-12-31 | $183.90 Million | -12.76% |
| 1993-12-31 | $210.80 Million | -1.86% |
| 1992-12-31 | $214.80 Million | -4.28% |
| 1991-12-31 | $224.40 Million | +3.27% |
| 1990-12-31 | $217.30 Million | +39.83% |
| 1989-12-31 | $155.40 Million | -17.78% |
| 1988-12-31 | $189.00 Million | +202.40% |
| 1987-12-31 | $62.50 Million | -58.55% |
| 1986-12-31 | $150.80 Million | -32.32% |
| 1985-12-31 | $222.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Parker Drilling Company's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 95.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2019)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $6.51 Million | 1.84% |
| Common Stock | $150.00K | 0.04% |
| Other Comprehensive Income | $-98.00K | -0.03% |
| Other Components | $347.34 Million | 98.15% |
| Total Equity | $353.90 Million | 100.00% |
Parker Drilling Company Competitors by Market Cap
The table below lists competitors of Parker Drilling Company ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Breo Technology Co. Ltd. A
SHG:688793
|
$109.75 Million |
|
Tonnellerie Francois Freres SA
PA:TFF
|
$109.75 Million |
|
TNG Limited
PINK:TNGZF
|
$109.76 Million |
|
CanAlaska Uranium Ltd
OTCQX:CVVUF
|
$109.79 Million |
|
Advantage Solutions Inc
NASDAQ:ADV
|
$109.73 Million |
|
Botanix Pharmaceuticals Limited
PINK:BXPHF
|
$109.73 Million |
|
Eclat Forever Machinery Co., Ltd.
TWO:3485
|
$109.71 Million |
|
JEIO CO LTD (PROPOSED)
KQ:418550
|
$109.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Parker Drilling Company's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2018 to 2019, total equity changed from 126,916,000 to 353,901,000, a change of 226,985,000 (178.8%).
- Net loss of 83,739,000 reduced equity.
- Other comprehensive income increased equity by 6,781,000.
- Other factors increased equity by 303,943,000.
Equity Change Factors (2018 to 2019)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-83.74 Million | -23.66% |
| Other Comprehensive Income | $6.78 Million | +1.92% |
| Other Changes | $303.94 Million | +85.88% |
| Total Change | $- | 178.85% |
Book Value vs Market Value Analysis
This analysis compares Parker Drilling Company's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.87x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.18x to 0.87x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $113.91 | $20.50 | x |
| 1986-12-31 | $76.89 | $20.50 | x |
| 1987-12-31 | $31.56 | $20.50 | x |
| 1988-12-31 | $82.98 | $20.50 | x |
| 1989-12-31 | $54.13 | $20.50 | x |
| 1990-12-31 | $60.81 | $20.50 | x |
| 1991-12-31 | $61.71 | $20.50 | x |
| 1992-12-31 | $59.17 | $20.50 | x |
| 1993-12-31 | $58.23 | $20.50 | x |
| 1994-12-31 | $49.94 | $20.50 | x |
| 1995-12-31 | $50.67 | $20.50 | x |
| 1996-12-31 | $63.69 | $20.50 | x |
| 1997-12-31 | $72.60 | $20.50 | x |
| 1998-12-31 | $71.05 | $20.50 | x |
| 1999-12-31 | $64.04 | $20.50 | x |
| 2000-12-31 | $73.23 | $20.50 | x |
| 2001-12-31 | $67.08 | $20.50 | x |
| 2002-12-31 | $48.63 | $20.50 | x |
| 2003-12-31 | $30.85 | $20.50 | x |
| 2004-12-31 | $23.73 | $20.50 | x |
| 2005-12-31 | $40.09 | $20.50 | x |
| 2006-12-31 | $63.68 | $20.50 | x |
| 2007-12-31 | $72.35 | $20.50 | x |
| 2008-12-31 | $76.10 | $20.50 | x |
| 2009-12-31 | $77.78 | $20.50 | x |
| 2010-12-31 | $77.23 | $20.50 | x |
| 2011-12-31 | $70.37 | $20.50 | x |
| 2012-12-31 | $74.49 | $20.50 | x |
| 2013-12-31 | $78.16 | $20.50 | x |
| 2014-12-31 | $80.73 | $20.50 | x |
| 2015-12-31 | $69.58 | $20.50 | x |
| 2016-12-31 | $40.98 | $20.50 | x |
| 2017-12-31 | $32.60 | $20.50 | x |
| 2018-12-31 | $13.63 | $20.50 | x |
| 2019-12-31 | $23.52 | $20.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Parker Drilling Company utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -23.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -13.30%
- • Asset Turnover: 0.92x
- • Equity Multiplier: 1.93x
- Recent ROE (-23.66%) is below the historical average (-18.68%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | -27.87% | -24.34% | 0.44x | 2.63x | $-84.38 Million |
| 1986 | -46.95% | -36.09% | 0.44x | 2.95x | $-85.88 Million |
| 1987 | -143.36% | -79.57% | 0.32x | 5.68x | $-95.85 Million |
| 1988 | -45.50% | -90.24% | 0.33x | 1.54x | $-104.90 Million |
| 1989 | -27.09% | -35.80% | 0.48x | 1.58x | $-57.64 Million |
| 1990 | -7.26% | -14.10% | 0.41x | 1.26x | $-36.38 Million |
| 1991 | 1.46% | 2.84% | 0.43x | 1.21x | $-18.74 Million |
| 1992 | -5.32% | -9.08% | 0.50x | 1.17x | $-32.24 Million |
| 1993 | -5.15% | -10.62% | 0.43x | 1.14x | $-31.47 Million |
| 1994 | -15.95% | -18.90% | 0.73x | 1.16x | $-46.86 Million |
| 1995 | 2.09% | 2.55% | 0.71x | 1.16x | $-14.79 Million |
| 1996 | 1.68% | 2.62% | 0.57x | 1.13x | $-20.30 Million |
| 1997 | 4.67% | 5.23% | 0.32x | 2.82x | $-18.57 Million |
| 1998 | -4.01% | -10.68% | 0.12x | 3.24x | $-51.00 Million |
| 1999 | -11.51% | -11.68% | 0.30x | 3.29x | $-70.84 Million |
| 2000 | -4.77% | -5.06% | 0.34x | 2.77x | $-58.96 Million |
| 2001 | 2.68% | 2.27% | 0.44x | 2.68x | $-30.16 Million |
| 2002 | -37.94% | -29.25% | 0.41x | 3.17x | $-144.12 Million |
| 2003 | -56.90% | -34.19% | 0.38x | 4.40x | $-128.98 Million |
| 2004 | -31.62% | -12.50% | 0.52x | 4.88x | $-61.97 Million |
| 2005 | 38.06% | 18.60% | 0.66x | 3.09x | $72.90 Million |
| 2006 | 17.65% | 13.82% | 0.65x | 1.96x | $35.12 Million |
| 2007 | 19.46% | 15.90% | 0.61x | 2.01x | $50.61 Million |
| 2008 | 4.48% | 3.08% | 0.68x | 2.13x | $-31.48 Million |
| 2009 | 1.56% | 1.23% | 0.61x | 2.09x | $-50.32 Million |
| 2010 | -2.46% | -2.19% | 0.52x | 2.15x | $-73.29 Million |
| 2011 | -9.26% | -7.35% | 0.56x | 2.23x | $-104.91 Million |
| 2012 | 6.31% | 5.50% | 0.54x | 2.12x | $-21.83 Million |
| 2013 | 4.28% | 3.09% | 0.57x | 2.43x | $-36.15 Million |
| 2014 | 3.54% | 2.42% | 0.64x | 2.30x | $-42.79 Million |
| 2015 | -16.58% | -13.24% | 0.52x | 2.42x | $-151.14 Million |
| 2016 | -68.06% | -54.05% | 0.39x | 3.25x | $-264.73 Million |
| 2017 | -40.09% | -26.82% | 0.45x | 3.34x | $-148.31 Million |
| 2018 | -130.56% | -34.46% | 0.58x | 6.53x | $-178.39 Million |
| 2019 | -23.66% | -13.30% | 0.92x | 1.93x | $-119.13 Million |
Industry Comparison
This section compares Parker Drilling Company's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $5,464,315,253
- Average return on equity (ROE) among peers: -34.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Parker Drilling Company (PKDC) | $353.90 Million | -27.87% | 0.93x | $109.74 Million |
| ProFrac Holding Corp. (ACDC) | $1.33 Billion | -7.35% | 1.31x | $222.04 Million |
| Atlas Energy Solutions Inc. (AESI) | $867.82 Million | 18.44% | 0.45x | $1.34 Billion |
| Akastor ASA (AKKVF) | $13.55 Billion | 9.27% | 2.55x | $54.21 Million |
| Andatee China Marine Fuel Services (AMCF) | $18.84 Million | 34.05% | 1.21x | $0.98 |
| Archrock Inc (AROC) | $2.23 Billion | -42.52% | 1.73x | $6.15 Billion |
| Anton Oilfield Services Group (ATONY) | $2.15 Billion | -9.22% | 2.02x | $381.63 Million |
| Auri Inc (AURI) | $-2.74 Million | 0.00% | 0.00x | $1.91 |
| Baker Hughes Co (BKR) | $34.50 Billion | 0.37% | 0.55x | $56.21 Billion |
| Kbridge Energy Corp (BMMCF) | $-341.75K | 0.00% | 0.00x | $880.54 |
| Bri-Chem Corp (BRYFF) | $131.44K | -348.83% | 2.61x | $4.32 Million |