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) - Total Assets
Latest total assets as of December 2019: $682.85 Million USD
Based on the latest financial reports, Parker Drilling Company (PKDC) holds total assets worth $682.85 Million USD as of December 2019.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Parker Drilling Company - Total Assets Trend (1985–2019)
This chart illustrates how Parker Drilling Company’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Parker Drilling Company - Asset Composition Analysis
Current Asset Composition (December 2019)
Parker Drilling Company's total assets of $682.85 Million consist of 46.9% current assets and 53.1% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 15.4% |
| Accounts Receivable | $169.41 Million | 24.8% |
| Inventory | $23.27 Million | 3.4% |
| Property, Plant & Equipment | $304.53 Million | 44.6% |
| Intangible Assets | $13.68 Million | 2.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (1985–2019)
This chart illustrates how Parker Drilling Company's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Parker Drilling Company's current assets represent 46.9% of total assets in 2019, an increase from 35.8% in 1985.
- Cash Position: Cash and equivalents constituted 15.4% of total assets in 2019, down from 17.7% in 1985.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 2.0% of total assets, an increase from 0.0% in 1985.
- Asset Diversification: The largest asset category is property, plant & equipment at 44.6% of total assets.
Parker Drilling Company Competitors by Total Assets
Key competitors of Parker Drilling Company based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Xinjiang Zhundong Petroleum
SHE:002207
|
China | CN¥399.19 Million |
|
Yantai Jereh Oilfield Services Group Co Ltd
SHE:002353
|
China | CN¥38.08 Billion |
|
China Oil HBP Science & Technology Co Ltd
SHE:002554
|
China | CN¥5.76 Billion |
|
Zhejiang Renzhi Co Ltd
SHE:002629
|
China | CN¥269.97 Million |
|
Reservoir Link Energy Bhd
KLSE:0219
|
Malaysia | RM215.28 Million |
|
Ocean Vantage Holdings Bhd
KLSE:0220
|
Malaysia | RM108.28 Million |
|
Aker Solutions OL
F:1AKA
|
Germany | €38.35 Billion |
|
Prime Oil Chemical Service Corp
TW:2904
|
Taiwan | NT$1.82 Billion |
Parker Drilling Company - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - Parker Drilling Company generates 0.92x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Parker Drilling Company is currently not profitable relative to its asset base.
Parker Drilling Company - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 2.71 | 3.02 | 2.31 |
| Quick Ratio | 2.52 | 2.61 | 2.07 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $202.42 Million | $ 178.46 Million | $ 273.85 Million |
Parker Drilling Company - Advanced Valuation Insights
This section examines the relationship between Parker Drilling Company's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.19 |
| Latest Market Cap to Assets Ratio | 0.16 |
| Asset Growth Rate (YoY) | -17.6% |
| Total Assets | $682.85 Million |
| Market Capitalization | $109.74 Million USD |
Valuation Analysis
Below Book Valuation: The market values Parker Drilling Company's assets below their book value (0.16 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Parker Drilling Company's assets decreased by 17.6% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Parker Drilling Company (1985–2019)
The table below shows the annual total assets of Parker Drilling Company from 1985 to 2019.
| Year | Total Assets | Change |
|---|---|---|
| 2019-12-31 | $682.85 Million | -17.57% |
| 2018-12-31 | $828.41 Million | -16.35% |
| 2017-12-31 | $990.28 Million | -10.26% |
| 2016-12-31 | $1.10 Billion | -19.85% |
| 2015-12-31 | $1.38 Billion | -9.45% |
| 2014-12-31 | $1.52 Billion | -0.92% |
| 2013-12-31 | $1.53 Billion | +22.22% |
| 2012-12-31 | $1.26 Billion | +3.25% |
| 2011-12-31 | $1.22 Billion | -3.72% |
| 2010-12-31 | $1.26 Billion | +1.63% |
| 2009-12-31 | $1.24 Billion | +2.43% |
| 2008-12-31 | $1.21 Billion | +12.69% |
| 2007-12-31 | $1.08 Billion | +19.49% |
| 2006-12-31 | $901.30 Million | +12.43% |
| 2005-12-31 | $801.62 Million | +10.33% |
| 2004-12-31 | $726.59 Million | -14.28% |
| 2003-12-31 | $847.63 Million | -11.09% |
| 2002-12-31 | $953.33 Million | -13.79% |
| 2001-12-31 | $1.11 Billion | -0.15% |
| 2000-12-31 | $1.11 Billion | +2.28% |
| 1999-12-31 | $1.08 Billion | -8.21% |
| 1998-12-31 | $1.18 Billion | +19.87% |
| 1997-12-31 | $984.10 Million | +256.56% |
| 1996-12-31 | $276.00 Million | +27.19% |
| 1995-12-31 | $217.00 Million | +3.68% |
| 1994-12-31 | $209.30 Million | -11.43% |
| 1993-12-31 | $236.30 Million | -3.90% |
| 1992-12-31 | $245.90 Million | -7.14% |
| 1991-12-31 | $264.80 Million | -0.23% |
| 1990-12-31 | $265.40 Million | +8.15% |
| 1989-12-31 | $245.40 Million | -15.81% |
| 1988-12-31 | $291.50 Million | -17.82% |
| 1987-12-31 | $354.70 Million | -20.36% |
| 1986-12-31 | $445.40 Million | -23.90% |
| 1985-12-31 | $585.30 Million | -- |