Precision Drilling (Precision Drilling) Interest Expense : $-59 Mil (TTM As of Dec. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Precision Drilling Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Precision Drilling's interest expense for the three months ended in Dec. 2023 was $ -13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-59 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Precision Drilling's Operating Income for the three months ended in Dec. 2023 was $ 47 Mil. Precision Drilling's Interest Expense for the three months ended in Dec. 2023 was $ -13 Mil. Precision Drilling's Interest Coverage for the quarter that ended in Dec. 2023 was 3.68. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Precision Drilling Interest Expense Historical Data

The historical data trend for Precision Drilling's Interest Expense 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.

* Premium members only.

Precision Drilling Interest Expense Chart

Precision Drilling Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-86.67

-79.64

-63.88

-62.54

-60.42

Precision Drilling Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-15.21	-16.25	-15.51	-14.50	-12.76

Precision Drilling Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-59 Mil.

Precision Drilling (NYSE:PDS) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Precision Drilling's Interest Expense for the three months ended in Dec. 2023 was $-13 Mil. Its Operating Income for the three months ended in Dec. 2023 was $47 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $724 Mil.

Precision Drilling's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	46.888	/	-12.756
	=	3.68

The higher the ratio, the stronger the company's financial strength is.

Precision Drilling (Precision Drilling) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Precision Drilling Corp (NYSE:PDS) » Definitions » Interest Expense

Comparable Companies

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.