Patterson Current Ratio from 2010 to 2024
| PTEN Stock | USD 11.02 0.44 4.16% |
Current Ratio | First Reported 2010-12-31 | Previous Quarter 1.41436453 | Current Value 2.12 | Quarterly Volatility 0.36118788 |
Check Patterson UTI financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Patterson main balance sheet or income statement drivers, such as Depreciation And Amortization of 768 M, Interest Expense of 55.5 M or Total Revenue of 4.4 B, as well as many exotic indicators such as Price To Sales Ratio of 0.69, Dividend Yield of 0.0348 or PTB Ratio of 0.6. Patterson financial statements analysis is a perfect complement when working with Patterson UTI Valuation or Volatility modules.
Patterson | Current Ratio |
Latest Patterson UTI's Current Ratio Growth Pattern
Below is the plot of the Current Ratio of Patterson UTI Energy over the last few years. It is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities. Patterson UTI's Current Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Patterson UTI's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 1.55 X | 10 Years Trend |
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Current Ratio |
| Timeline |
Patterson Current Ratio Regression Statistics
| Arithmetic Mean | 1.61 | |
| Geometric Mean | 1.57 | |
| Coefficient Of Variation | 22.45 | |
| Mean Deviation | 0.28 | |
| Median | 1.58 | |
| Standard Deviation | 0.36 | |
| Sample Variance | 0.13 | |
| Range | 1.3225 | |
| R-Value | 0.04 | |
| Mean Square Error | 0.14 | |
| R-Squared | 0 | |
| Significance | 0.89 | |
| Slope | 0 | |
| Total Sum of Squares | 1.83 |
Patterson Current Ratio History
About Patterson UTI Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Patterson UTI income statement, its balance sheet, and the statement of cash flows. Patterson UTI investors use historical funamental indicators, such as Patterson UTI's Current Ratio, to determine how well the company is positioned to perform in the future. Although Patterson UTI investors may use each financial statement separately, they are all related. The changes in Patterson UTI's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Patterson UTI's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Patterson UTI Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Patterson UTI. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 1.41 | 2.12 |
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When running Patterson UTI's price analysis, check to measure Patterson UTI's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Patterson UTI is operating at the current time. Most of Patterson UTI's value examination focuses on studying past and present price action to predict the probability of Patterson UTI's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Patterson UTI's price. Additionally, you may evaluate how the addition of Patterson UTI to your portfolios can decrease your overall portfolio volatility.
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Is Patterson UTI's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Patterson UTI. If investors know Patterson will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Patterson UTI listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.73) | Dividend Share 0.32 | Earnings Share 0.54 | Revenue Per Share 14.809 | Quarterly Revenue Growth 0.908 |
The market value of Patterson UTI Energy is measured differently than its book value, which is the value of Patterson that is recorded on the company's balance sheet. Investors also form their own opinion of Patterson UTI's value that differs from its market value or its book value, called intrinsic value, which is Patterson UTI's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Patterson UTI's market value can be influenced by many factors that don't directly affect Patterson UTI's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Patterson UTI's value and its price as these two are different measures arrived at by different means. Investors typically determine if Patterson UTI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patterson UTI's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.