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Precision DrillingTSX:PD +1.02%79 Cash-to-Debt is 0.10 as of Jun. 2026, which is 100% above its 10-year median of 0.05. GuruFocus rates TSX:PD with a GF Score™ of 79/100 and a GF Value™ of C$99.41 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 990 Oil & Gas companies, Precision Drilling ranks worse than 81.62% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Precision Drilling's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.10.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Precision Drillingcouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Precision Drilling's Cash-to-Debt or its related term are showing as below:
TSX:PD'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.05 Max: 0.18
Current: 0.1
During the past 13 years, Precision Drilling's highest Cash to Debt Ratio was 0.18. The lowest was 0.02. And the median was 0.05.
TSX:PD's Cash-to-Debt is ranked worse than 81.62% of 990
companies
in the Oil & Gas industry
Industry Median: 0.565
vs TSX:PD: 0.10
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Precision Drilling Cash-to-Debt Related Terms
Precision Drilling Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Precision Drilling's Cash-to-Debt 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.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Oil & Gas Drilling subindustry, Precision Drilling's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Precision Drilling Cash-to-Debt vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Precision Drilling's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Precision Drilling's Cash-to-Debt falls into.
* 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 (TSX:PD) has a Cash-to-Debt of 0.10 as of Jun. 2026. This is 100% above median its historical median of 0.05. Over the past decade, Precision Drilling's Cash-to-Debt has ranged from 0.02 to 0.18. According to the industry distribution chart, Precision Drilling ranks #808 out of 990 companies in the Oil & Gas industry, placing it in the top 81.6%.
Is Precision Drilling's Cash-to-Debt too high?
Precision Drilling's current Cash-to-Debt of 0.10 is 100% above median its 10-year median of 0.05. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.18. The Oil & Gas industry median Cash-to-Debt is 0.57. Precision Drilling's value of 0.10 is 82.3% below this industry median. Based on the distribution chart, Precision Drilling ranks #808 out of 990 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Precision Drilling has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Precision Drilling's Cash-to-Debt compare to NE and RIG?
According to the Oil & Gas industry distribution chart, Precision Drilling ranks #808 out of 990 companies for Cash-to-Debt. This places Precision Drilling in the lower half of its industry. The industry median Cash-to-Debt is 0.57. Precision Drilling's value of 0.10 is 82.3% below this benchmark. Historically, Precision Drilling's own Cash-to-Debt has ranged from 0.02 to 0.18 over the past decade. While the company's 10-year median is 0.05 vs. the industry median of 0.57, Precision Drilling has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Oil & Gas company?
The median Cash-to-Debt among Oil & Gas companies is 0.57, based on 990 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Precision Drilling's current Cash-to-Debt of 0.10 is 82.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median Cash-to-Debt is 0.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Precision Drilling's current Cash-to-Debt is 0.10, which is 100% above median its own 10-year median of 0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Precision Drilling stock overvalued right now?
Based on GuruFocus' analysis, Precision Drilling (TSX:PD) is currently considered Modestly Overvalued. The stock's GF Value™ is C$99.41, compared to a current price of C$124.69 — trading 25.4% above its estimated fair value. The current Cash-to-Debt is 0.10, which is 100% above median its 10-year median of 0.05 and 82.3% below the Oil & Gas industry median of 0.57. Precision Drilling's overall GF Score™ is 79/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Precision Drilling (TSX:PD), the current Cash-to-Debt is 0.10 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Precision Drilling (TSX:PD) Overvalued in 2026?
Based on GuruFocus' analysis, Precision Drilling stock appears to be overvalued.
The current stock price of C$124.69 is trading 25.4% above its estimated GF Value™ of C$99.41.
GuruFocus considers Precision Drilling to be Modestly Overvalued.
Key valuation signals for TSX:PD:
Cash-to-Debt: 0.10 (100% above median its 10-year median of 0.05)
GF Value™: C$99.41 vs. price of C$124.69 (25.4% above fair value)
Industry Position: 82.3% below the Oil & Gas median (#808 of 990)
No single metric tells the full story. See the TSX:PD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Precision Drilling Corp is a provider of contract drilling, completion, and production services to oil and natural gas exploration and production companies in Canada, the United States, and certain international locations. The company operates through two industry segments: Contract Drilling Services, which generates maximum revenue and includes drilling rigs, procurement and distribution of oilfield supplies, and the manufacture, sale, and repair of drilling equipment; and Completion and Production Services, which includes service rigs, oilfield equipment rental, and camp services. The company generates the majority of its revenue from the United States.
79GF Score
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