Precision Drilling Liabilities 2024

Precision Drilling Aktienanalyse

What does Precision Drilling do?

Precision Drilling Corp is a leading company in the oil and gas drilling equipment and services sector, based in Calgary, Canada. The company has a long history dating back to 1951 when founder Hank Swartout established Precision Drilling Co Ltd. Since then, the company has expanded its operations in Canada and the USA and is now a major player in the global market for oil and gas exploration and production. Precision Drilling Corp's business model is based on providing drilling equipment and services to oil and gas exploration and production companies. The company operates a wide range of activities, including drilling oil and gas wells, supplying drilling equipment and services, renting equipment, and conducting maintenance and repair work on drilling equipment. The company has several business segments, including drilling equipment, drilling services, and equipment rental. The drilling equipment segment includes a variety of products such as drilling rigs, drilling machines, drill collars, drilling tools, and other accessories. The drilling services department includes various types of drilling, including conventional land and offshore drilling, horizontal and directional drilling, as well as deep and ultra-deep drilling. Precision Drilling Corp also provides equipment rental services for the oil and gas industry. This allows customers to rent state-of-the-art equipment flexibly without long lead times and high investment costs. The company also maintains a workshop where customer equipment is serviced, repaired, and regularly overhauled. An important aspect of Precision Drilling Corp's business model is its commitment to sustainability and environmental protection. In recent years, the company has made significant investments in the development of technologies aimed at reducing the environmental impact of oil and gas drilling and production. This includes technologies to reduce methane emissions, reuse water, and use renewable energy to power drilling equipment. Precision Drilling Corp is also a pioneer in the use of automation technology for drilling equipment. This allows the company to perform safer, more efficient, and cost-effective drilling operations with less human labor required. Furthermore, automation technology has the potential to increase worker safety as it replaces hazardous manual labor processes. Overall, Precision Drilling Corp is a significant player in the global market for oil and gas exploration and production. The company has earned an excellent reputation through its dedicated commitment to sustainability and environmental protection, pioneering work in the adoption of automation technology, and focus on customer satisfaction. As the demand for oil and gas continues to grow, Precision Drilling Corp will play a crucial role in meeting this demand while ensuring it is done in a sustainable and environmentally friendly manner. Please, provide feedback for the translation. Precision Drilling ist eines der beliebtesten Unternehmen auf Eulerpool.com.

Liabilities Details

Assessing Precision Drilling's Liabilities

Precision Drilling's liabilities constitute the company's financial obligations and debts owed to external parties and stakeholders. They are categorized into current liabilities, due within a year, and long-term liabilities, which are due over a longer period. A detailed assessment of these liabilities is crucial for evaluating Precision Drilling's financial stability, operational efficiency, and long-term viability.

Year-to-Year Comparison

By comparing Precision Drilling's liabilities year-over-year, investors can identify trends, shifts, and anomalies in the company’s financial positioning. A decrease in total liabilities often signals financial strengthening, while an increase might indicate enhanced investments, acquisitions, or potential financial strain.

Impact on Investments

Precision Drilling's total liabilities play a significant role in determining the company's leverage and risk profile. Investors and analysts examine this aspect meticulously to ascertain the firm’s ability to meet its financial obligations, which influences investment attractiveness and credit ratings.

Interpreting Liability Fluctuations

Shifts in Precision Drilling’s liability structure indicate changes in its financial management and strategy. A reduction in liabilities reflects efficient financial management or debt payoffs, while an increase may suggest expansion, acquisition activities, or accruing operational expenses, each carrying distinct implications for investors.

Frequently Asked Questions about Precision Drilling stock

What is the level of liabilities of Precision Drilling this year?

Precision Drilling has a debt balance of 1.44 B CAD this year.

What were the liabilities of Precision Drilling compared to the previous year?

The liabilities of Precision Drilling have increased by -12.29% dropped compared to the previous year.

What are the consequences of high debt for investors of Precision Drilling?

High liabilities can pose a risk for investors of Precision Drilling, as they can weaken the company's financial position and impair its ability to meet its obligations.

What consequences do low liabilities have for investors in Precision Drilling?

Low liabilities mean that Precision Drilling has a strong financial position and is able to meet its obligations without overburdening its finances.

How does an increase in liabilities of Precision Drilling affect the company?

An increase in liabilities of Precision Drilling can lead to the company having more obligations and potentially find it more difficult to meet its financial commitments.

How does a reduction in the liabilities of Precision Drilling affect the company?

A decrease in the liabilities of Precision Drilling can lead to the company having fewer obligations and a stronger financial position, which can make it easier for the company to fulfill its financial commitments.

What are some factors that influence the liabilities of Precision Drilling?

Some factors that can influence the liabilities of Precision Drilling include investments, acquisitions, operating costs, and sales development.

Why is the level of liabilities of Precision Drilling so important for investors?

The liabilities of Precision Drilling are important for investors as they serve as an indicator of the company's financial stability and provide investors with information on how the company meets its financial obligations.

What strategic measures can Precision Drilling take to modify the liabilities?

To change its liabilities, Precision Drilling can take measures such as cost savings, increasing revenue, selling assets, raising investments, or forming partnerships. It is important for the company to conduct a thorough review of its financial situation to choose the best strategic actions.

How much dividend does Precision Drilling pay?

Over the past 12 months, Precision Drilling paid a dividend of 5.6 CAD . This corresponds to a dividend yield of about 6.72 %. For the coming 12 months, Precision Drilling is expected to pay a dividend of 0 CAD.

What is the dividend yield of Precision Drilling?

The current dividend yield of Precision Drilling is 6.72 %.

When does Precision Drilling pay dividends?

Precision Drilling pays a quarterly dividend. This is distributed in the months of March, June, September, December.

How secure is the dividend of Precision Drilling?

Precision Drilling paid dividends every year for the past 5 years.

What is the dividend of Precision Drilling?

For the upcoming 12 months, dividends amounting to 0 CAD are expected. This corresponds to a dividend yield of 0 %.

In which sector is Precision Drilling located?

Precision Drilling is assigned to the 'Energy' sector.

Wann musste ich die Aktien von Precision Drilling kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Precision Drilling from 11/18/2015 amounting to 0.07 CAD, you needed to have the stock in your portfolio before the ex-date on 11/4/2015.

When did Precision Drilling pay the last dividend?

The last dividend was paid out on 11/18/2015.

What was the dividend of Precision Drilling in the year 2023?

In the year 2023, Precision Drilling distributed 0 CAD as dividends.

In which currency does Precision Drilling pay out the dividend?

The dividends of Precision Drilling are distributed in CAD.