Precision Investments vs Capital Expenditures Analysis

PDS Stock

USD 66.38 0.25 0.38%

Precision Drilling financial indicator trend analysis is much more than just breaking down Precision Drilling prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Precision Drilling is a good investment. Please check the relationship between Precision Drilling Investments and its Capital Expenditures accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Precision Drilling. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy Precision Stock please use our How to Invest in Precision Drilling guide.

Investments vs Capital Expenditures

Investments vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Precision Drilling Investments account and Capital Expenditures. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Precision Drilling's Investments and Capital Expenditures is 0.47. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Precision Drilling, assuming nothing else is changed. The correlation between historical values of Precision Drilling's Investments and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Investments of Precision Drilling are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Investments i.e., Precision Drilling's Investments and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

0.47

Relationship Direction	Positive
Relationship Strength	Weak

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Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

Capital Expenditures

Capital Expenditures are funds used by Precision Drilling to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Precision Drilling operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Most indicators from Precision Drilling's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Precision Drilling current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Precision Drilling. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy Precision Stock please use our How to Invest in Precision Drilling guide.At this time, Precision Drilling's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.06 in 2024, whereas Selling General Administrative is likely to drop slightly above 116.5 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	91.4M	87.8M	84.8M	118.0M
Depreciation And Amortization	282.3M	279.0M	285.8M	233.5M

Interest Expense Depreciation And Amortization

Precision Drilling fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Good Will	Other Current Assets	Other Liab	Net Tangible Assets
Total Assets		0.84	-0.18	0.68	0.98	0.97	0.71	0.29	0.83	0.62	0.99	0.09	0.62	0.82	0.71	0.97	-0.05	0.16	0.98	0.83	0.46	-0.89	0.43	0.37	0.21	0.29
Short Long Term Debt Total	0.84		-0.12	0.32	0.72	0.92	0.95	-0.05	0.5	0.46	0.87	-0.16	0.46	0.43	0.65	0.94	0.26	-0.08	0.9	0.51	0.2	-0.65	0.12	0.39	0.44	0.43
Other Current Liab	-0.18	-0.12		0.12	-0.17	-0.13	0.04	-0.65	-0.4	-0.52	-0.12	0.13	-0.52	-0.19	-0.04	-0.19	0.59	-0.24	-0.18	-0.3	-0.35	-0.13	-0.55	0.31	0.61	0.26
Total Current Liabilities	0.68	0.32	0.12		0.7	0.57	0.19	0.15	0.77	0.46	0.62	0.39	0.46	0.86	0.47	0.54	-0.04	0.32	0.64	0.82	0.45	-0.75	0.21	0.5	-0.04	0.12
Total Stockholder Equity	0.98	0.72	-0.17	0.7		0.93	0.6	0.35	0.84	0.56	0.97	0.12	0.56	0.87	0.72	0.9	-0.11	0.18	0.92	0.82	0.5	-0.91	0.47	0.35	0.15	0.28
Property Plant And Equipment Net	0.97	0.92	-0.13	0.57	0.93		0.84	0.15	0.71	0.5	0.99	-0.03	0.5	0.7	0.72	0.98	0.09	0.01	0.97	0.69	0.4	-0.85	0.31	0.47	0.31	0.4
Net Debt	0.71	0.95	0.04	0.19	0.6	0.84		-0.24	0.31	0.16	0.78	-0.23	0.16	0.29	0.62	0.82	0.46	-0.27	0.77	0.26	0.1	-0.54	-0.05	0.5	0.57	0.56
Retained Earnings	0.29	-0.05	-0.65	0.15	0.35	0.15	-0.24		0.57	0.54	0.21	0.32	0.54	0.45	0.01	0.2	-0.89	0.26	0.22	0.46	0.52	-0.16	0.91	-0.5	-0.4	-0.35
Accounts Payable	0.83	0.5	-0.4	0.77	0.84	0.71	0.31	0.57		0.7	0.76	0.3	0.7	0.95	0.57	0.73	-0.39	0.41	0.8	0.92	0.58	-0.67	0.61	0.12	-0.1	0.07
Cash	0.62	0.46	-0.52	0.46	0.56	0.5	0.16	0.54	0.7		0.52	0.13	1.0	0.51	0.29	0.62	-0.48	0.51	0.65	0.85	0.37	-0.49	0.56	-0.15	-0.24	-0.26
Non Current Assets Total	0.99	0.87	-0.12	0.62	0.97	0.99	0.78	0.21	0.76	0.52		0.05	0.52	0.77	0.75	0.97	0.05	0.07	0.97	0.74	0.41	-0.89	0.37	0.42	0.3	0.37
Non Currrent Assets Other	0.09	-0.16	0.13	0.39	0.12	-0.03	-0.23	0.32	0.3	0.13	0.05		0.13	0.36	-0.06	0.02	-0.29	0.13	0.07	0.29	0.2	-0.15	0.3	-0.12	0.03	-0.2
Cash And Short Term Investments	0.62	0.46	-0.52	0.46	0.56	0.5	0.16	0.54	0.7	1.0	0.52	0.13		0.51	0.29	0.62	-0.48	0.51	0.65	0.85	0.37	-0.49	0.56	-0.15	-0.24	-0.26
Net Receivables	0.82	0.43	-0.19	0.86	0.87	0.7	0.29	0.45	0.95	0.51	0.77	0.36	0.51		0.61	0.68	-0.24	0.36	0.75	0.87	0.55	-0.74	0.52	0.26	-0.03	0.15
Common Stock Shares Outstanding	0.71	0.65	-0.04	0.47	0.72	0.72	0.62	0.01	0.57	0.29	0.75	-0.06	0.29	0.61		0.73	0.33	0.05	0.68	0.53	0.16	-0.59	0.08	0.37	0.42	0.39
Non Current Liabilities Total	0.97	0.94	-0.19	0.54	0.9	0.98	0.82	0.2	0.73	0.62	0.97	0.02	0.62	0.68	0.73		0.06	0.09	0.99	0.74	0.35	-0.82	0.35	0.35	0.32	0.31
Inventory	-0.05	0.26	0.59	-0.04	-0.11	0.09	0.46	-0.89	-0.39	-0.48	0.05	-0.29	-0.48	-0.24	0.33	0.06		-0.39	0.0	-0.32	-0.44	-0.01	-0.81	0.57	0.57	0.45
Other Stockholder Equity	0.16	-0.08	-0.24	0.32	0.18	0.01	-0.27	0.26	0.41	0.51	0.07	0.13	0.51	0.36	0.05	0.09	-0.39		0.14	0.49	-0.12	-0.18	0.44	-0.2	-0.23	-0.47
Total Liab	0.98	0.9	-0.18	0.64	0.92	0.97	0.77	0.22	0.8	0.65	0.97	0.07	0.65	0.75	0.68	0.99	0.0	0.14		0.8	0.4	-0.84	0.38	0.37	0.26	0.29
Total Current Assets	0.83	0.51	-0.3	0.82	0.82	0.69	0.26	0.46	0.92	0.85	0.74	0.29	0.85	0.87	0.53	0.74	-0.32	0.49	0.8		0.51	-0.75	0.51	0.15	-0.12	-0.02
Short Term Debt	0.46	0.2	-0.35	0.45	0.5	0.4	0.1	0.52	0.58	0.37	0.41	0.2	0.37	0.55	0.16	0.35	-0.44	-0.12	0.4	0.51		-0.36	0.35	0.24	-0.32	0.46
Intangible Assets	-0.89	-0.65	-0.13	-0.75	-0.91	-0.85	-0.54	-0.16	-0.67	-0.49	-0.89	-0.15	-0.49	-0.74	-0.59	-0.82	-0.01	-0.18	-0.84	-0.75	-0.36		-0.32	-0.44	-0.26	-0.23
Good Will	0.43	0.12	-0.55	0.21	0.47	0.31	-0.05	0.91	0.61	0.56	0.37	0.3	0.56	0.52	0.08	0.35	-0.81	0.44	0.38	0.51	0.35	-0.32		-0.41	-0.24	-0.39
Other Current Assets	0.37	0.39	0.31	0.5	0.35	0.47	0.5	-0.5	0.12	-0.15	0.42	-0.12	-0.15	0.26	0.37	0.35	0.57	-0.2	0.37	0.15	0.24	-0.44	-0.41		0.13	0.6
Other Liab	0.21	0.44	0.61	-0.04	0.15	0.31	0.57	-0.4	-0.1	-0.24	0.3	0.03	-0.24	-0.03	0.42	0.32	0.57	-0.23	0.26	-0.12	-0.32	-0.26	-0.24	0.13		0.43
Net Tangible Assets	0.29	0.43	0.26	0.12	0.28	0.4	0.56	-0.35	0.07	-0.26	0.37	-0.2	-0.26	0.15	0.39	0.31	0.45	-0.47	0.29	-0.02	0.46	-0.23	-0.39	0.6	0.43

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Precision Drilling Account Relationship Matchups

Precision Drilling fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.3B	2.9B	2.7B	2.9B	3.0B	3.3B
Short Long Term Debt Total	1.5B	1.3B	1.2B	1.2B	992.2M	1.0B
Other Current Liab	4.1M	94.0M	133.4M	255.7M	191.0M	200.6M
Total Current Liabilities	216.1M	166.8M	238.1M	410.0M	365.6M	304.6M
Total Stockholder Equity	1.5B	1.4B	1.2B	1.2B	1.6B	1.7B
Property Plant And Equipment Net	2.8B	2.5B	2.3B	2.4B	2.4B	2.4B
Net Debt	1.4B	1.2B	1.1B	1.1B	938.0M	901.5M
Retained Earnings	(969.5M)	(1.1B)	(1.3B)	(1.3B)	(1.0B)	(961.4M)
Accounts Payable	199.5M	56.9M	90.8M	136.4M	151.3M	213.6M
Cash	74.7M	108.8M	40.6M	21.6M	54.2M	51.5M
Non Current Assets Total	2.9B	2.6B	2.3B	2.4B	2.8B	2.8B
Non Currrent Assets Other	(2.8B)	(2.6B)	23.9M	1.6M	80.2M	84.2M
Cash And Short Term Investments	74.7M	108.8M	40.6M	21.6M	54.2M	51.5M
Net Receivables	311.3M	130.7M	179.6M	322.8M	334.5M	402.9M
Common Stock Shares Outstanding	14.9M	13.7M	13.3M	13.5M	15.3M	14.4M
Liabilities And Stockholders Equity	3.3B	2.9B	2.7B	2.9B	3.0B	3.3B
Non Current Liabilities Total	1.5B	1.3B	1.2B	1.2B	1.4B	1.3B
Inventory	31.7M	26.3M	23.4M	35.2M	35.3M	29.1M
Other Stockholder Equity	66.3M	72.9M	76.3M	72.6M	75.1M	71.3M
Total Liab	1.7B	1.5B	1.4B	1.6B	1.4B	1.6B
Total Current Assets	417.8M	342.3M	319.8M	470.7M	510.9M	577.2M
Short Term Debt	12.4M	12.2M	13.2M	15.0M	20.2M	19.2M
Intangible Assets	31.7M	27.7M	23.9M	19.6M	16.5M	15.6M
Good Will	35.4M	31.7M	27.7M	(843.0K)	(758.7K)	(720.8K)
Accumulated Other Comprehensive Income	134.3M	137.6M	134.8M	159.7M	147.5M	154.8M
Other Current Assets	67.4M	76.5M	76.1M	91.2M	86.9M	43.7M
Other Liab	44.2M	40.3M	45.5M	96.6M	111.1M	116.7M
Net Tangible Assets	1.5B	1.4B	1.2B	1.2B	1.4B	1.5B
Other Assets	7.0M	3.2M	867K	455K	(292.3M)	(277.7M)
Long Term Debt	1.4B	1.2B	1.1B	1.1B	914.8M	1.1B
Deferred Long Term Liab	2.3M	2.1M	2.1M	1.4M	1.6M	1.1M
Common Stock	2.3B	2.3B	2.3B	2.3B	2.4B	2.0B
Property Plant Equipment	2.8B	2.5B	2.3B	2.4B	2.7B	2.6B
Property Plant And Equipment Gross	6.7B	2.5B	2.3B	2.4B	7.0B	4.7B
Long Term Debt Total	1.5B	1.3B	1.2B	1.1B	1.0B	1.3B
Capital Surpluse	66.3M	72.9M	76.3M	72.6M	83.4M	63.1M

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