Patterson-UTI Energy, Inc. (PTEN)

Solvency & Capital Structure

Total Debt

—

Net Debt

-$203.2M

Patterson-UTI Energy, Inc. currently has — in total debt. Net debt is -$203.2M after cash offsets. This 'Net Cash' position indicates exceptional financial strength.

Financial Fundamentals

PTEN • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-06-30	0.00	0.20	-0.20Net Cash	5.37	0.0%
2026-03-31	1.27	0.34	0.93	5.36	23.7%
2025-12-31	1.28	0.42	0.86	5.57	23.0%
2025-09-30	1.32	0.18	1.13	5.53	23.8%
2025-06-30	1.29	0.18	1.10	5.58	23.1%
2025-03-31	1.29	0.22	1.07	5.77	22.4%
2024-12-31	1.30	0.24	1.06	5.83	22.3%
2024-09-30	1.31	0.12	1.20	5.96	22.0%
2024-06-30	1.35	0.08	1.27	7.02	19.2%
2024-03-31	1.32	0.17	1.15	7.23	18.3%
2023-12-31	1.35	0.19	1.15	7.42	18.1%
2023-09-30	1.35	0.07	1.28	7.42	18.2%
2023-06-30	0.84	0.15	0.69	3.12	27.1%
2023-03-31	0.85	0.16	0.69	3.09	27.3%
2022-12-31	0.86	0.14	0.72	3.14	27.2%
2022-09-30	0.88	0.04	0.84	3.04	28.9%
2022-06-30	0.91	0.02	0.89	2.96	30.6%
2022-03-31	0.88	0.05	0.83	2.89	30.4%
2021-12-31	0.88	0.12	0.76	2.96	29.7%
2021-09-30	0.92	0.19	0.73	3.02	30.6%
2021-06-30	0.93	0.22	0.71	3.07	30.1%
2021-03-31	0.93	0.21	0.71	3.17	29.2%
2020-12-31	0.93	0.22	0.70	3.71	25.0%
2020-09-30	1.00	0.30	0.69	3.49	28.5%
2020-06-30	1.00	0.25	0.75	3.62	27.6%
2020-03-31	1.00	0.15	0.85	3.87	25.9%
2019-12-31	1.00	0.17	0.83	4.44	22.6%
2019-09-30	1.00	0.16	0.83	4.61	21.7%
2019-06-30	1.15	0.26	0.90	5.19	22.2%
2019-03-31	1.15	0.25	0.90	5.37	21.5%
2018-12-31	1.12	0.25	0.87	5.47	20.5%
2018-09-30	1.12	0.21	0.90	5.82	19.2%
2018-06-30	1.12	0.24	0.88	5.95	18.8%
2018-03-31	1.12	0.30	0.81	6.02	18.6%
2017-12-31	0.87	0.04	0.82	5.76	15.1%
2017-09-30	0.74	0.04	0.70	5.47	13.6%
2017-06-30	0.71	0.04	0.67	5.40	13.2%
2017-03-31	0.60	0.47	0.13	4.18	14.3%
2016-12-31	0.60	0.04	0.56	3.80	15.7%
2016-09-30	0.61	0.04	0.58	3.91	15.7%
2016-06-30	0.83	0.21	0.62	4.21	19.6%
2016-03-31	0.84	0.19	0.65	4.40	19.1%
2015-12-31	0.85	0.11	0.74	4.53	18.9%
2015-09-30	0.86	0.08	0.79	4.68	18.5%
2015-06-30	0.87	0.08	0.80	5.05	17.3%
2015-03-31	0.88	0.09	0.79	5.23	16.8%
2014-12-31	0.99	0.04	0.94	5.39	18.3%
2014-09-30	0.69	0.04	0.65	4.97	13.8%
2014-06-30	0.69	0.12	0.57	4.91	14.0%
2014-03-31	0.69	0.26	0.43	4.81	14.3%
2013-12-31	0.69	0.25	0.44	4.69	14.8%
2013-09-30	0.69	0.20	0.49	4.68	14.9%
2013-06-30	0.70	0.15	0.55	4.66	14.9%
2013-03-31	0.70	0.14	0.55	4.66	15.0%
2012-12-31	0.70	0.11	0.59	4.56	15.3%
2012-09-30	0.60	0.08	0.52	4.47	13.4%
2012-06-30	0.60	0.08	0.52	4.44	13.5%
2012-03-31	0.39	0.02	0.37	4.36	8.9%
2011-12-31	0.50	0.02	0.48	4.22	11.9%
2011-09-30	0.41	0.01	0.40	3.99	10.3%
2011-06-30	0.40	0.06	0.33	3.78	10.5%
2011-03-31	0.40	0.04	0.36	3.58	11.1%
2010-12-31	0.40	0.03	0.37	3.42	11.6%
2010-09-30	0.10	0.07	0.03	3.00	3.3%
2010-06-30	0.00	0.10	-0.10Net Cash	2.80	0.0%
2010-03-31	0.00	0.06	-0.06Net Cash	2.74	0.0%
2009-12-31	0.00	0.05	-0.05Net Cash	2.66	0.0%
2009-09-30	0.00	0.12	-0.12Net Cash	2.64	0.0%
2009-06-30	0.00	0.17	-0.17Net Cash	2.65	0.0%
2009-03-31	0.00	0.19	-0.19Net Cash	2.65	0.0%
2008-12-31	0.00	0.08	-0.08Net Cash	2.71	0.0%
2008-09-30	0.00	0.03	-0.03Net Cash	2.66	0.0%
2008-06-30	0.00	0.06	-0.06Net Cash	2.58	0.0%
2008-03-31	0.00	0.05	-0.05Net Cash	2.49	0.0%
2007-12-31	0.05	0.02	0.03	2.47	2.0%
2007-09-30	0.01	0.02	-0.01Net Cash	2.43	0.4%
2007-06-30	0.01	0.03	-0.01Net Cash	2.38	0.6%
2007-03-31	0.00	0.02	-0.02Net Cash	2.23	0.0%
2006-12-31	0.12	0.01	0.11	2.19	5.5%
2006-09-30	0.07	0.02	0.05	2.09	3.1%
2006-06-30	0.00	0.02	-0.02Net Cash	1.94	0.0%
2006-03-31	0.00	0.25	-0.25Net Cash	2.03	0.0%
2005-12-31	0.00	0.14	-0.14Net Cash	1.80	0.0%
2005-09-30	0.00	0.13	-0.13Net Cash	1.72	0.0%
2005-06-30	0.00	0.07	-0.07Net Cash	1.52	0.0%
2005-03-31	0.00	0.07	-0.07Net Cash	1.44	0.0%
2004-12-31	0.00	0.11	-0.11Net Cash	1.32	0.0%
2004-09-30	0.00	0.07	-0.07Net Cash	1.25	0.0%
2004-06-30	0.00	0.06	-0.06Net Cash	1.19	0.0%
2004-03-31	0.00	0.09	-0.09Net Cash	1.18	0.0%
2003-12-31	0.00	0.10	-0.10Net Cash	1.08	0.0%
2003-09-30	0.00	0.11	-0.11Net Cash	1.04	0.0%
2003-06-30	0.00	0.09	-0.09Net Cash	1.01	0.0%
2003-03-31	0.00	0.07	-0.07Net Cash	0.96	0.0%
2002-12-31	0.00	0.08	-0.08Net Cash	0.94	0.0%
2002-09-30	0.00	0.06	-0.06Net Cash	0.91	0.0%
2002-06-30	0.00	0.05	-0.05Net Cash	0.90	0.0%
2002-03-31	0.00	0.06	-0.06Net Cash	0.89	0.0%
2001-12-31	0.00	0.03	-0.03Net Cash	0.87	0.0%
2001-09-30	0.00	0.03	-0.03Net Cash	0.91	0.0%
2001-06-30	0.02	0.03	-0.01Net Cash	0.85	2.3%
2001-03-31	0.02	0.06	-0.04Net Cash	0.48	4.8%
2000-12-31	0.02	0.06	-0.03Net Cash	0.41	5.9%
2000-09-30	0.03	0.06	-0.04Net Cash	0.37	6.9%
2000-06-30	0.06	0.01	0.05	0.29	20.4%
2000-03-31	0.06	0.01	0.05	0.26	23.3%
1999-12-31	0.05	0.01	0.04	0.24	21.2%
1999-09-30	0.05	0.01	0.04	0.23	21.8%
1999-06-30	0.05	0.01	0.04	0.23	22.4%
1999-03-31	0.05	0.01	0.04	0.24	22.8%
1998-12-31	0.06	0.01	0.05	0.24	23.5%
1998-09-30	0.06	0.01	0.05	0.25	23.3%
1998-06-30	0.06	0.02	0.04	0.25	23.8%
1998-03-31	0.06	0.02	0.04	0.25	23.7%
1997-12-31	0.02	0.02	0.00	0.20	11.5%
1997-09-30	0.01	0.02	-0.01Net Cash	0.17	5.8%
1997-06-30	0.03	0.01	0.01	0.15	16.3%
1997-03-31	0.00	0.04	-0.04Net Cash	0.12	0.0%
1996-12-31	0.03	0.00	0.02	0.09	29.4%
1996-09-30	0.02	0.01	0.01	0.07	22.8%