Precision Drilling Corporation (PD) - Total Assets
Based on the latest financial reports, Precision Drilling Corporation (PD) holds total assets worth CA$2.80 Billion CAD (≈ $2.03 Billion USD) as of September 2025. 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. See PD book value for net asset value and shareholders' equity analysis.
Precision Drilling Corporation - Total Assets Trend (1995–2024)
This chart illustrates how Precision Drilling Corporation's total assets have evolved over time, based on quarterly financial data.
Precision Drilling Corporation - Asset Composition Analysis
Current Asset Composition (December 2024)
Precision Drilling Corporation's total assets of CA$2.80 Billion consist of 17.0% current assets and 83.0% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 2.5% |
| Accounts Receivable | CA$378.71 Million | 12.8% |
| Inventory | CA$43.30 Million | 1.5% |
| Property, Plant & Equipment | CA$2.42 Billion | 81.9% |
| Intangible Assets | CA$13.00 Million | 0.4% |
| Goodwill | CA$0.00 | 0.0% |
Asset Composition Trend (1995–2024)
This chart illustrates how Precision Drilling Corporation'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. For live market cap, price, and company overview, see Precision Drilling Corporation (PD) total market value.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Precision Drilling Corporation's current assets represent 17.0% of total assets in 2024, a decrease from 50.9% in 1995.
- Cash Position: Cash and equivalents constituted 2.5% of total assets in 2024, down from 29.6% in 1995.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 1995.
- Asset Diversification: The largest asset category is property, plant & equipment at 81.9% of total assets.
Precision Drilling Corporation Competitors by Total Assets
Key competitors of Precision Drilling Corporation based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Noble Corporation plc
NYSE:NE
|
USA | $7.64 Billion |
|
Ensign Energy Services Inc
TO:ESI
|
Canada | CA$2.75 Billion |
|
PHX Energy Services Corporation
TO:PHX
|
Canada | CA$435.01 Million |
|
ACT Energy Technologies Ltd.
TO:ACX
|
Canada | CA$458.00 Million |
|
Western Energy Services Corp.
TO:WRG
|
Canada | CA$378.65 Million |
|
Stampede Drilling Inc
V:SDI
|
Canada | CA$131.43 Million |
|
Sinopec Oilfield Service Corp
SHG:600871
|
China | CN¥78.22 Billion |
|
XinJiang Beiken Energy Engineering Stock Co Ltd
SHE:002828
|
China | CN¥1.85 Billion |
Precision Drilling Corporation - 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 | 1.58 | 1.54 | 2.05 |
| Quick Ratio | 1.42 | 1.41 | 1.89 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$164.99 Million | CA$166.47 Million | CA$175.42 Million |
Precision Drilling Corporation - Advanced Valuation Insights
This section examines the relationship between Precision Drilling Corporation'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 | 0.92 |
| Latest Market Cap to Assets Ratio | 0.41 |
| Asset Growth Rate (YoY) | -2.1% |
| Total Assets | CA$2.96 Billion |
| Market Capitalization | $1.20 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Precision Drilling Corporation's assets below their book value (0.41x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Precision Drilling Corporation's assets decreased by 2.1% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Precision Drilling Corporation (1995–2024)
The table below shows the annual total assets of Precision Drilling Corporation from 1995 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CA$2.96 Billion ≈ $2.14 Billion |
-2.08% |
| 2023-12-31 | CA$3.02 Billion ≈ $2.18 Billion |
+4.97% |
| 2022-12-31 | CA$2.88 Billion ≈ $2.08 Billion |
+8.05% |
| 2021-12-31 | CA$2.66 Billion ≈ $1.93 Billion |
-8.18% |
| 2020-12-31 | CA$2.90 Billion ≈ $2.10 Billion |
-11.34% |
| 2019-12-31 | CA$3.27 Billion ≈ $2.37 Billion |
-10.07% |
| 2018-12-31 | CA$3.64 Billion ≈ $2.63 Billion |
-6.60% |
| 2017-12-31 | CA$3.89 Billion ≈ $2.82 Billion |
-9.97% |
| 2016-12-31 | CA$4.32 Billion ≈ $3.13 Billion |
-11.37% |
| 2015-12-31 | CA$4.88 Billion ≈ $3.53 Billion |
-8.11% |
| 2014-12-31 | CA$5.31 Billion ≈ $3.84 Billion |
+15.94% |
| 2013-12-31 | CA$4.58 Billion ≈ $3.31 Billion |
+6.48% |
| 2012-12-31 | CA$4.30 Billion ≈ $3.11 Billion |
-2.88% |
| 2011-12-31 | CA$4.43 Billion ≈ $3.20 Billion |
+3.05% |
| 2010-12-31 | CA$4.30 Billion ≈ $3.11 Billion |
+2.51% |
| 2009-12-31 | CA$4.19 Billion ≈ $3.03 Billion |
-13.28% |
| 2008-12-31 | CA$4.83 Billion ≈ $3.50 Billion |
+174.10% |
| 2007-12-31 | CA$1.76 Billion ≈ $1.28 Billion |
+0.13% |
| 2006-12-31 | CA$1.76 Billion ≈ $1.27 Billion |
+2.46% |
| 2005-12-31 | CA$1.72 Billion ≈ $1.24 Billion |
-55.36% |
| 2004-12-31 | CA$3.85 Billion ≈ $2.79 Billion |
+32.40% |
| 2003-12-31 | CA$2.91 Billion ≈ $2.10 Billion |
+5.38% |
| 2002-12-31 | CA$2.76 Billion ≈ $2.00 Billion |
+3.98% |
| 2001-12-31 | CA$2.65 Billion ≈ $1.92 Billion |
+11.15% |
| 2000-12-31 | CA$2.39 Billion ≈ $1.73 Billion |
+66.27% |
| 1999-12-31 | CA$1.44 Billion ≈ $1.04 Billion |
+15.12% |
| 1998-12-31 | CA$1.25 Billion ≈ $902.57 Million |
+4.20% |
| 1997-12-31 | CA$1.20 Billion ≈ $866.18 Million |
+98.64% |
| 1996-12-31 | CA$602.80 Million ≈ $436.06 Million |
+243.28% |
| 1995-12-31 | CA$175.60 Million ≈ $127.03 Million |
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About Precision Drilling Corporation
Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production 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 offe… Read more