Precision Drilling annual net debt
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Precision Drilling Net Debt Growth & History (PDS)
Precision Drilling's net debt was $666.0M for fiscal 2025.
View full Precision Drilling company overviewPrecision Drilling annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $666.0M | −$157.7M | −19.14% |
| 2024 | 2024-12-31 | $823.7M | −$125.7M | −13.24% |
| 2023 | 2023-12-31 | $949.4M | −$197.6M | −17.22% |
| 2022 | 2022-12-31 | $1.15B | $4.6M | +0.41% |
| 2021 | 2021-12-31 | $1.14B | −$46.2M | −3.89% |
| 2020 | 2020-12-31 | $1.19B | −$231.4M | −16.30% |
| 2019 | 2019-12-31 | $1.42B | −$189.7M | −11.79% |
| 2018 | 2018-12-31 | $1.61B | −$55.7M | −3.35% |
| 2017 | 2017-12-31 | $1.67B | −$125.9M | −7.03% |
| 2016 | 2016-12-31 | $1.79B | — | — |
Precision Drilling quarterly net debt
Q4.17
Q4.18
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $630.7M | −$72.2M | −10.27% |
| Q1 2026 | 2026-03-31 | $690.6M | — | — |
| Q4 2025 | 2025-12-31 | $666.0M | −$157.7M | −19.14% |
| Q3 2025 | 2025-09-30 | $715.6M | — | — |
| Q2 2025 | 2025-06-30 | $702.9M | — | — |
| Q4 2024 | 2024-12-31 | $823.7M | −$125.7M | −13.24% |
| Q4 2023 | 2023-12-31 | $949.4M | −$197.6M | −17.22% |
| Q4 2022 | 2022-12-31 | $1.15B | $4.6M | +0.41% |
| Q4 2021 | 2021-12-31 | $1.14B | −$46.2M | −3.89% |
| Q4 2020 | 2020-12-31 | $1.19B | −$231.4M | −16.30% |
| Q4 2019 | 2019-12-31 | $1.42B | −$189.7M | −11.79% |
| Q4 2018 | 2018-12-31 | $1.61B | −$55.7M | −3.35% |
| Q4 2017 | 2017-12-31 | $1.67B | — | — |
Precision Drilling net debt trends
Over the last five fiscal years, Precision Drilling's net debt decreased from $1.19B to $666.0M, a change of −$522.5M. The latest reported quarter, Q2 2026, shows $630.7M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Precision Drilling source filings ↗