Precision Drilling Corporation (PDS) Balance Sheet

NYSE: PDSAssets, liabilities, debt and equity over 10 years.

PDS balance sheet, 2025

December 31, 2025 · Canadian dollars

C$2.73B assets = C$1.14B liabilities + C$1.59B equity

What it ownsC$2.73BCash & ST investments: C$85.8M (3.1%)Receivables: C$352.1M (12.9%)ReceivablesC$352.1M · 13%Inventory: C$49.0M (1.8%)PP&E: C$2.22B (81.3%)PP&EC$2.22B · 81%Goodwill & intangibles: C$18.9M (0.7%)LT investments: C$7.6M (0.3%)=How it is financedC$2.73BCurrent liabilities: C$300.1M (11.0%)C$300.1MLong-term debt: C$726.5M (26.6%)Long-term debtC$726.5M · 27%Other LT liabilities: C$111.2M (4.1%)Shareholders’ equity: C$1.59B (58.3%)Shareholders’ equityC$1.59B · 58%

Both columns are drawn to the same scale: what PDS owns equals what it owes plus shareholders’ equity. Hover a block for its value.

PDS financial health

Current ratio1.62
Comfortable · current assets cover current liabilities 1.62×
Debt / equity0.47
Low leverage · C$0.47 of debt for each $1 of equity
Equity / assets58.1%
Equity-funded · of assets funded by shareholders
Cash / debt11.5%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles0.7%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

PDS balance sheet trends, 2016–2025

MetricTrendThenLatestChange
Total assetsC$4.32B2016C$2.73B2025−5.0%/yr
Total liabilitiesC$2.36B2016C$1.14B2025−7.8%/yr
Shareholders’ equityC$1.96B2016C$1.58B2025−2.4%/yr
Cash & short-term investmentsC$115.7M2016C$85.8M2025−3.3%/yr
Total debtC$1.91B2016C$744.2M2025−9.9%/yr
Net cash (debt)−C$1.79B2016−C$658.5M2025+C$1.1B
Working capitalC$230.9M2016C$186.8M2025−C$44.1M
Current ratio1.9620161.622025−0.34
Debt / equity0.9720160.472025−0.50
Shares outstanding14.7M201613.3M2025−1.0%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

PDS assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

PDS liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

PDS debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

PDS balance sheet in Canadian dollars

2025202420232022202120202019201820172016
Assets
Cash & short-term investmentsC$85.8MC$73.8MC$54.2MC$21.6MC$40.6MC$108.8MC$74.7MC$96.6MC$65.1MC$115.7M
Cash & equivalentsC$85.8MC$73.8MC$54.2MC$21.6MC$40.6MC$108.8MC$74.7MC$96.6MC$65.1MC$115.7M
Short-term investments——————C$0C$0C$0C$0
ReceivablesC$352.1MC$378.7MC$421.4MC$413.9MC$179.6MC$130.7MC$311.3MC$312.0MC$352.0MC$237.8M
InventoryC$49.0MC$43.3MC$35.3MC$35.2MC$23.4MC$26.3MC$31.7MC$34.1MC$24.6MC$24.1M
Other current assetsC$0C$5.5MC$0C$0C$76.1MC$76.5MC$0C$80.0MC$0C$93.9M
Total current assetsC$486.9MC$501.3MC$510.9MC$470.7MC$319.8MC$342.3MC$417.8MC$522.7MC$441.7MC$471.6M
Property, plant & equipment (net)C$2.22BC$2.42BC$2.40BC$2.36BC$2.31BC$2.53BC$2.82BC$3.04BC$3.17BC$3.64B
Goodwill & intangible assetsC$18.9MC$13.0MC$15.6MC$19.6MC$23.9MC$55.3MC$63.5MC$70.8MC$233.3MC$210.7M
Long-term investmentsC$7.6MC$8.5MC$10.0MC$20.5MC$7.4MC$0C$0C$0C$0C$0
Other non-current assetsC$0C$11.4MC$81.0MC$2.1MC$867,000C$0C$0C$3.9MC$44.1MC$0
Total assetsC$2.73BC$2.96BC$3.02BC$2.88BC$2.66BC$2.90BC$3.27BC$3.64BC$3.89BC$4.32B
Liabilities
Accounts payableC$120.4MC$113.3MC$151.3MC$404.4MC$90.8MC$56.9MC$91.5MC$129.5MC$87.4MC$73.2M
Short-term debtC$17.8MC$20.6MC$20.2MC$15.0MC$13.2MC$12.2MC$12.4MC$0C$0C$0
Deferred revenueC$26.8MC$36.2MC$3.0M———————
Total current liabilitiesC$300.1MC$338.7MC$365.6MC$422.3MC$238.1MC$166.8MC$216.1MC$282.2MC$209.6MC$240.7M
Long-term debtC$726.5MC$867.0MC$972.0MC$1.14BC$1.15BC$1.29BC$1.48BC$1.71BC$1.73BC$1.91B
Lease obligationsC$64.9MC$75.1MC$74.5MC$65.7MC$56.8MC$60.2MC$67.4MC$0C$0C$0
Other long-term liabilitiesC$111.2MC$68.6MC$105.8MC$84.3MC$45.5MC$40.3MC$44.2MC$89.9MC$142.5MC$214.4M
Total liabilitiesC$1.14BC$1.27BC$1.44BC$1.65BC$1.44BC$1.49BC$1.74BC$2.08BC$2.08BC$2.36B
Shareholders' equity
Common stock & paid-in capitalC$2.24BC$2.30BC$2.37BC$2.30BC$2.28BC$2.29BC$2.30BC$2.32BC$2.32BC$2.32B
Retained earnings (deficit)−C$899.0M−C$900.8M−C$1.01B−C$1.30B−C$1.27B−C$1.09B−C$969.5M−C$978.9M−C$684.6M−C$552.6M
Treasury stock——————C$0C$0C$0C$0
Accumulated other comprehensive incomeC$165.0MC$199.0MC$147.5MC$159.7MC$134.8MC$137.6MC$134.3MC$162.0MC$131.6MC$156.5M
Minority interestC$4.8MC$4.5MC$0C$0——C$0C$0C$0C$0
Total shareholders' equityC$1.58BC$1.68BC$1.58BC$1.23BC$1.23BC$1.41BC$1.53BC$1.56BC$1.81BC$1.96B
Key figures
Total debtC$744.2MC$887.6MC$992.2MC$1.15BC$1.17BC$1.30BC$1.49BC$1.71BC$1.73BC$1.91B
Net cash (debt)−C$658.5M−C$813.8M−C$938.0M−C$1.13B−C$1.13B−C$1.19B−C$1.42B−C$1.61B−C$1.67B−C$1.79B
Working capitalC$186.8MC$162.6MC$145.2MC$48.3MC$81.6MC$175.4MC$201.7MC$240.5MC$232.1MC$230.9M
Tangible book valueC$1.57BC$1.66BC$1.56BC$1.21BC$1.20BC$1.35BC$1.46BC$1.49BC$1.58BC$1.75B
Shares outstanding13.3M14.2M15.3M13.5M13.3M13.7M14.9M14.7M14.7M14.7M
Current ratio1.621.481.401.111.342.051.931.852.111.96
Quick ratio1.461.341.301.030.921.441.791.451.991.47
Debt / equity0.470.530.630.940.950.920.981.100.960.97
Equity / assets58.1%56.7%52.2%42.8%46.0%48.5%46.7%42.8%46.5%45.4%

Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported (latest annual report filed March 9, 2026); data from EODHD.

PDS financial position

At the end of fiscal 2025 (December 31, 2025), Precision Drilling had total assets of C$2.7 billion (down 7.8% from a year earlier), total liabilities of C$1.1 billion and shareholders' equity of C$1.6 billion. It held C$85.8 million in cash and short-term investments against C$744.2 million of debt, net debt of C$658.5 million. Its current ratio was 1.62. In the latest quarter (ended June 30, 2026) total assets were C$2.7 billion and equity C$1.6 billion.

Related: PDS income statement, PDS cash flow statement, PDS key metrics. See the PDS stock overview for the latest quote and news.

PDS balance sheet FAQ

What are Precision Drilling's total assets?

Precision Drilling reported total assets of C$2.7 billion at the end of fiscal 2025 (December 31, 2025), compared with C$3.0 billion a year earlier.

How much debt does Precision Drilling have?

Precision Drilling had C$744.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.47.

How much cash does Precision Drilling have?

Precision Drilling held C$85.8 million in cash and short-term investments at the end of fiscal 2025; with C$744.2 million of debt that is net debt of C$658.5 million.

What is Precision Drilling's book value?

Precision Drilling's shareholders' equity (book value) was C$1.6 billion at the end of fiscal 2025.

What is Precision Drilling's current ratio?

Precision Drilling had current assets of C$486.9 million and current liabilities of C$300.1 million, a current ratio of 1.62 (it can cover its short-term obligations).

How much goodwill does Precision Drilling have?

Precision Drilling carried C$18.9 million of goodwill and intangible assets, 0.7% of total assets, at the end of fiscal 2025.

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