Precision Drilling Corp
F:PRE1
Bankruptcy Probability
Precision Drilling Corp's probability of bankruptcy is 2.2%, pointing to a small but noticeable default risk. The solvency score is 38/100 — a warning sign of potential financial weakness.
We take all the information about a company's solvency (such as how easily a company can pay interest on its outstanding debt, how much cash it has, the amount of debt, and more) and use it to estimate the probability of bankruptcy.
Solvency Ratios
Solvency Ratios Comparison
Precision Drilling Corp Competitors
| Country | Company | Market Cap | D/E | D/A |
Interest Coverage |
Altman Z-Score |
Quick Ratio |
Current Ratio |
Cash Ratio |
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| CA |
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Precision Drilling Corp
TSX:PD
|
1.8B CAD |
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| CN |
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China Oilfield Services Ltd
SSE:601808
|
84.4B CNY |
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| US |
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Noble Corp (Cayman Island)
NYSE:NE
|
7.4B USD |
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| CH |
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Transocean Ltd
NYSE:RIG
|
6.9B USD |
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| BM |
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Valaris Ltd
NYSE:VAL
|
6.4B USD |
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| SA |
A
|
ADES Holding Company SJSC
SAU:2382
|
21.8B SAR |
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| US |
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Noble Corporation PLC
CSE:NOBLE
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31.4B DKK |
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| US |
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Patterson-UTI Energy Inc
NASDAQ:PTEN
|
4.1B USD |
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| US |
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Helmerich and Payne Inc
NYSE:HP
|
3.6B USD |
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| SA |
A
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Arabian Drilling Co
SAU:2381
|
10.8B SAR |
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| BM |
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Seadrill Ltd
NYSE:SDRL
|
2.7B USD |
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Precision Drilling Corp's probability of bankruptcy is 2.2%, pointing to a small but noticeable default risk.
The probability of bankruptcy is estimated using credit risk models that assess its financial health, debt levels, interest coverage, and other solvency indicators.
As of the latest report, Precision Drilling Corp has total debt of 735.8m CAD. This includes both short-term (0 CAD) and long-term (735.8m CAD) debt.
You can find a full breakdown on its Balance Sheet.
