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% on a YoY basis from 0.25 in Q2 2025, and down 4.91% quarter-over-quarter from 0.24 in Q1 2026.
Analysis
Precision Drilling (PDS) Debt Ratio (2009 - 2026) Analysis & Trends
Precision Drilling (PDS) has reported Debt Ratio for 18 consecutive years, with 0.23 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Debt Ratio fell 7.7% year-over-year to 0.23; the trailing twelve-month figure through Jun 2026 stood at 0.23 (down 7.7% YoY), and the FY2025 full-year result was 0.25, down 9.35% from the prior year.
- Debt Ratio slipped to 0.23 in Q2 2026 per PDS's latest filing, from 0.24 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.44 in Q1 2022 and bottomed at 0.23 in Q2 2026.
- Historically, Debt Ratio has averaged 0.32 across 5 years, with a median of 0.3 in 2023.
- The sharpest annual moves came in 2022 and 2024: Debt Ratio climbed 2.47% in 2022, then fell 22.25% in 2024.
- Over 5 years, Debt Ratio stood at 0.38 in 2022, then fell by 19.67% to 0.3 in 2023, then declined by 9.59% to 0.27 in 2024, then declined by 9.35% to 0.25 in 2025, then slipped by 7.8% to 0.23 in 2026.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.23, 0.24, and 0.25 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Patterson Uti Energy | 4.74 Bn | 4.54 Bn | 597.25 Mn | 0.23 |
| 2 | Helmerich & Payne | 4.43 Bn | 4.29 Bn | 349.94 Mn | 0.30 |
| 3 | Nabors Industries | 1.45 Bn | 1.44 Bn | 309.38 Mn | 0.48 |
| 4 | Precision Drilling | 1.16 Bn | 1.12 Bn | 89.29 Mn | 0.23 |
Historic Data
Download Data
Historic 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 | 0.44 |
| Dec 31, 2021 | 0.42 |
| Sep 30, 2021 | 0.43 |