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Precision Drilling (TSX:PD) Deferred Tax : C$-29 Mil (TTM As of Mar. 2024)


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What is Precision Drilling Deferred Tax?

Change In Deferred Tax represents future tax liability or asset, resulting from temporary differences between book (accounting) value of assets and liabilities, and their tax value. This arises due to differences between financial accounting for shareholders and tax accounting.

Precision Drilling's change in deferred tax for the three months ended in Mar. 2024 was C$13 Mil. Its change in deferred tax for the trailing twelve months (TTM) ended in Mar. 2024 was C$-29 Mil.

Precision Drilling Deferred Tax Historical Data

The historical data trend for Precision Drilling's Deferred Tax 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 Deferred Tax Chart

Precision Drilling Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Deferred Tax
Get a 7-Day Free Trial Premium Member Only Premium Member Only -14.96 10.95 -5.40 20.15 -23.47

Precision Drilling Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Deferred Tax 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 18.46 18.79 7.90 -68.60 13.12

Precision Drilling Deferred Tax Calculation

Change In Deferred Tax represents future tax liability or asset, resulting from temporary differences between book (accounting) value of assets and liabilities, and their tax value. This arises due to differences between financial accounting for shareholders and tax accounting.

Deferred Tax for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$-29 Mil.


* 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.

Precision Drilling Deferred Tax Related Terms

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Precision Drilling (TSX:PD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Precision Drilling Corp (TSX:PD) » Definitions » Deferred Tax
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Traded in Other Exchanges
PDS:USA
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.