Precision Drilling (PDS) Debt Ratio (2009 - 2026)
Precision Drilling's (PDS) quarterly Debt Ratio came in at 0.23 in Q2 2026, down 7.7% YoY from 0.25 in Q2 2025, and down 4.91% on a QoQ basis from 0.24 in Q1 2026.
Precision Drilling (PDS) Debt Ratio (2009 - 2026) Analysis & Trends
Precision Drilling (PDS) has 18 years of Debt Ratio data on file, last reported at 0.23 in Q2 2026.
- Quarterly Debt Ratio fell 7.7% year-over-year to 0.23 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 0.23 (down 7.7% YoY) and the FY2025 annual result came in at 0.25, down 9.35% from the prior year.
- Debt Ratio declined to 0.23 in Q2 2026, from 0.24 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 0.42 in Q3 2022 to a low of 0.23 in Q2 2026.
- A 5-year average of 0.31 and a median of 0.3 in 2023 frame the typical range for Debt Ratio.
- Annual changes were most pronounced in 2022 — Debt Ratio advanced 21.95% — and 2024, when it declined 22.25%.
- Tracing PDS's Debt Ratio over 5 years: 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 retreated by 7.8% to 0.23 in 2026.
- The last three Debt Ratio figures came in at 0.23 (Q2 2026), 0.24 (Q1 2026), and 0.25 (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.46 Bn | 7.01 Bn | 273.38 Mn | 0.26 |
| 2 | Transocean | 6.71 Bn | 5.91 Bn | 358.00 Mn | 0.34 |
| 3 | Patterson Uti Energy | 4.63 Bn | 4.43 Bn | 597.25 Mn | 0.23 |
| 4 | Helmerich & Payne | 4.39 Bn | 4.16 Bn | 349.94 Mn | 0.30 |
| 5 | Seadrill | 2.96 Bn | 2.60 Bn | 234.00 Mn | 0.18 |
| 6 | Borr Drilling | 1.36 Bn | 1.14 Bn | - | 0.67 |
| 7 | Nabors Industries | 1.30 Bn | 792.72 Mn | 309.38 Mn | 0.48 |
| 8 | Precision Drilling | 1.15 Bn | 1.10 Bn | 89.29 Mn | 0.23 |
| 9 | Valaris | 886.35 Mn | 345.15 Mn | 123.70 Mn | 0.20 |
| 10 | Sable Offshore | 777.33 Mn | 755.73 Mn | - | 0.55 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.23 |
| 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 | 0.34 |
| Dec 31, 2021 | 0.42 |
| Sep 30, 2021 | 0.43 |