Precision Drilling (PDS) Interest Coverage Ratio (2009 - 2026)
Precision Drilling's (PDS) quarterly Interest Coverage Ratio came in at 7.89 in Q2 2026, up 8.44% YoY from 7.28 in Q2 2025, and down 21.35% on a QoQ basis from 10.03 in Q1 2026.
Precision Drilling (PDS) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
Precision Drilling (PDS) has 18 years of Interest Coverage Ratio data on file, last reported at 7.89 in Q2 2026.
- Quarterly Interest Coverage Ratio rose 8.44% year-over-year to 7.89 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 9.08 (up 13.93% YoY) and the FY2025 annual result came in at 8.56, up 14.56% from the prior year.
- Interest Coverage Ratio slipped to 7.89 in Q2 2026, from 10.03 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 10.03 in Q1 2026 to a low of 1.18 in Q1 2022.
- A 5-year average of 6.66 and a median of 7.59 in 2023 frame the typical range for Interest Coverage Ratio.
- Annual changes were most pronounced in 2022 — Interest Coverage Ratio sank 99.95% — and 2023, when it surged 651.83%.
- Tracing PDS's Interest Coverage Ratio over 5 years: stood at 3.87 in 2022, then jumped by 100.57% to 7.77 in 2023, then slipped by 4.7% to 7.4 in 2024, then surged by 33.08% to 9.85 in 2025, then decreased by 19.91% to 7.89 in 2026.
- The last three Interest Coverage Ratio figures came in at 7.89 (Q2 2026), 10.03 (Q1 2026), and 9.85 (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.46 Bn | 7.01 Bn | 273.38 Mn | 0.84 |
| 2 | Transocean | 6.71 Bn | 5.91 Bn | 358.00 Mn | -7.60 |
| 3 | Patterson Uti Energy | 4.63 Bn | 4.43 Bn | 597.25 Mn | -0.34 |
| 4 | Helmerich & Payne | 4.39 Bn | 4.16 Bn | 349.94 Mn | 7.70 |
| 5 | Seadrill | 2.96 Bn | 2.60 Bn | 234.00 Mn | 4.50 |
| 6 | Borr Drilling | 1.36 Bn | 1.14 Bn | - | 0.00 |
| 7 | Nabors Industries | 1.30 Bn | 792.72 Mn | 309.38 Mn | -11.54 |
| 8 | Precision Drilling | 1.15 Bn | 1.10 Bn | 89.29 Mn | 7.89 |
| 9 | Valaris | 886.35 Mn | 345.15 Mn | 123.70 Mn | - |
| 10 | Sable Offshore | 777.33 Mn | 755.73 Mn | - | -1.55 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 7.89 |
| Mar 31, 2026 | 10.03 |
| Dec 31, 2025 | 9.85 |
| Sep 30, 2025 | 8.55 |
| Jun 30, 2025 | 7.28 |
| Mar 31, 2025 | 8.72 |
| Dec 31, 2024 | 7.40 |
| Sep 30, 2024 | 8.42 |
| Jun 30, 2024 | 6.33 |
| Mar 31, 2024 | 7.79 |
| Dec 31, 2023 | 7.77 |
| Sep 30, 2023 | 4.04 |
| Jun 30, 2023 | 6.64 |
| Mar 31, 2023 | 8.87 |
| Dec 31, 2022 | 3.87 |
| Sep 30, 2022 | 3.43 |
| Jun 30, 2022 | 1.86 |
| Mar 31, 2022 | 1.18 |
| Dec 31, 2021 | 3.09 |
| Sep 30, 2021 | 1.79 |