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| Date | Value |
|---|---|
| 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 |