Precision Drilling (PDS) Debt Ratio (2009 - 2026)

Precision Drilling (PDS) reported Debt Ratio of 0.24 for Q1 2026, down 11.73% on a YoY basis from 0.27 in Q1 2025, and down 3.04% quarter-over-quarter from 0.25 in Q4 2025.

Precision Drilling (PDS) Debt Ratio (2009 - 2026) Analysis & Trends

Precision Drilling has reported Debt Ratio for 18 years, with the latest figure at 0.24 in Q1 2026.

  • For the quarter ending Q1 2026, Debt Ratio fell 11.73% year-over-year to 0.24; the trailing twelve-month figure through Mar 2026 stood at 0.24 (down 11.73% YoY), and the FY2025 full-year result was 0.25, down 9.35% from the prior year.
  • Debt Ratio for Q1 2026 stood at 0.24, down from 0.25 in the prior quarter.
  • The five-year high for Debt Ratio was 0.44 in Q1 2022, with the low at 0.24 in Q1 2026.
  • Historically, Debt Ratio has averaged 0.32 across 5 years, with a median of 0.3 in 2023.
  • Annual changes were most pronounced in 2022 — Debt Ratio advanced 2.47% — and 2024, when it declined 22.25%.
  • Precision Drilling's Debt Ratio stood at 0.38 in 2022, then dropped by 19.67% to 0.3 in 2023, then slipped by 9.59% to 0.27 in 2024, then slipped by 9.35% to 0.25 in 2025, then slipped by 3.04% to 0.24 in 2026.
  • The last three Debt Ratio figures came in at 0.24 (Q1 2026), 0.25 (Q4 2025), and 0.25 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Precision Drilling 156.90 Bn 156.84 Bn 120.82 Mn 0.24
2 Noble 7.48 Bn 6.81 Bn 755.58 Mn 0.26
3 Transocean 6.71 Bn 6.09 Bn 475.00 Mn 0.35
4 Patterson Uti Energy 4.36 Bn 4.03 Bn 535.85 Mn 0.23
5 Helmerich & Payne 3.92 Bn 3.82 Bn 907.56 Mn 0.32
6 Seadrill 2.75 Bn 2.42 Bn 177.00 Mn 0.15
7 Sable Offshore 1.56 Bn 1.51 Bn -66.76 Mn 0.55
8 Nabors Industries 1.45 Bn 1.33 Bn 290.08 Mn 0.48
9 Borr Drilling 1.40 Bn 1.16 Bn - 0.61
10 Valaris 492.40 Mn -85.40 Mn 92.00 Mn 0.20

Historic Data

Download Data
DateValue
Mar 31, 2026 0.24
Dec 31, 2025 0.25
Sep 30, 2025 0.25
Jun 30, 2025 0.25
Mar 31, 2025 0.27
Dec 31, 2024 0.27
Sep 30, 2024 0.27
Jun 30, 2024 0.29
Mar 31, 2024 0.31
Dec 31, 2023 0.30
Sep 30, 2023 0.34
Jun 30, 2023 0.35
Mar 31, 2023 0.40
Dec 31, 2022 0.38
Sep 30, 2022 0.42
Jun 30, 2022 0.42
Mar 31, 2022 0.44
Dec 31, 2021 0.42
Sep 30, 2021 0.43
Jun 30, 2021 0.43