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Precision Drilling (Precision Drilling) Accumulated Depreciation : $-3,414 Mil (As of Dec. 2023)


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What is Precision Drilling Accumulated Depreciation?

Note: A negative number here means the assets are depreciated. When depricates more, the absolute value gets bigger.

Precision Drilling's quarterly accumulated depreciation stayed the same from Jun. 2023 ($0 Mil) to Sep. 2023 ($0 Mil) but then increased from Sep. 2023 ($0 Mil) to Dec. 2023 ($-3,414 Mil).

Precision Drilling's annual accumulated depreciation increased from Dec. 2021 ($-3,317 Mil) to Dec. 2022 ($-3,389 Mil) and increased from Dec. 2022 ($-3,389 Mil) to Dec. 2023 ($-3,414 Mil).

Precision Drilling Accumulated Depreciation Historical Data

The historical data trend for Precision Drilling's Accumulated Depreciation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Precision Drilling Accumulated Depreciation Chart

Precision Drilling Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accumulated Depreciation
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2,977.84 -3,193.48 -3,316.66 -3,388.62 -3,414.34

Precision Drilling Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Accumulated Depreciation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3,388.62 - - - -3,414.34

Precision Drilling Accumulated Depreciation Calculation

The cumulative depreciation of an asset up to a single point in its life. Regardless of the method used to calculate it, the depreciation of an asset during a single period is added to the previous period's accumulated depreciation to get the current accumulated depreciation.

Precision Drilling Accumulated Depreciation Related Terms

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Precision Drilling (Precision Drilling) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Precision Drilling Corp (NYSE:PDS) » Definitions » Accumulated Depreciation
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Traded in Other Exchanges
PD:Canada
Address
150 6th Avenue SW, Suite 4200, Calgary, AB, CAN, T2P3Y7
Website
https://www.precisiondrilling.com
Precision Drilling Corpd is a provider of contract drilling and completion and production services to oil and natural gas exploration and production companies in Canada, the United States and certain international locations. Contract Drilling Services include drilling rigs, procurement and distribution of oilfield supplies, and the manufacture, sale and repair of drilling equipment. Completion and Production Services include service rigs, oilfield equipment rental, and camp and catering services.