Can Patterson-UTI Energy cover its short-term obligations?

Its current ratio is 1.84 — current assets exceed current liabilities.

Where does Patterson-UTI Energy's balance sheet data come from?

Every line is extracted from Patterson-UTI Energy's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Patterson-UTI Energy PTEN Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Cash and cash equivalents	$337.24M-19.8%	$420.64M+125%	$186.91M+0.5%	$185.89M-17.5%	$225.2M-6.7%
Restricted cash	$2.14M—	——	$2.13M+0.3%	$2.12M+0.3%	$2.12M—
Accounts receivable, net	$742.38M+2.6%	$723.28M-9.6%	$800.45M+3.8%	$770.9M-3.7%	$800.29M+4.8%
Inventories	$150.59M-6.0%	$160.28M+2.8%	$155.93M-4.7%	$163.69M-2.4%	$167.77M+0.4%
Raw materials	$120.46M-6.9%	$129.44M+6.2%	$121.9M-2.9%	$125.56M-0.8%	$126.53M+4.0%
Work in process	$6.03M+31.8%	$4.57M-8.2%	$4.98M-34.5%	$7.6M+12.6%	$6.75M+1.0%
Finished goods	$24.1M-8.2%	$26.27M-9.6%	$29.05M-4.9%	$30.54M-11.5%	$34.49M-10.8%
Prepaid expenses and other current assets	$24.86M-5.7%	$26.38M-8.1%	$28.7M+24.1%	$23.12M-40.9%	$39.16M+25.6%
Income taxes receivable	$6.56M-70.4%	$22.19M-27.2%	$30.5M+10.3%	$27.66M+20.5%	$22.96M-7.3%
Total current assets	$1.32B-6.8%	$1.42B+11.0%	$1.28B+2.9%	$1.24B-5.8%	$1.32B+1.7%
Property and equipment, net	$2.63B-3.1%	$2.71B-2.7%	$2.79B-1.8%	$2.84B-3.5%	$2.94B-2.4%
Accumulated depreciation	$6.19B0.0%	$6.19B-0.1%	$6.2B+1.8%	$6.09B+1.6%	$5.99B-1.3%
Operating lease right-of-use assets	$37.98M-11.6%	$42.98M-0.5%	$43.22M+3.7%	$41.69M-2.6%	$42.79M-3.6%
Goodwill	$487.39M0.0%	$487.39M0.0%	$487.39M0.0%	$487.39M0.0%	$487.39M0.0%
Intangible assets, net	$784.22M-3.8%	$814.81M-3.3%	$842.97M-3.3%	$871.95M-3.2%	$900.96M-3.1%
Deferred tax assets	$212.03M-1.8%	$215.82M-7.3%	$232.8M-3.1%	$240.14M+0.7%	$238.51M+0.2%
Other non-current assets	$78.71M+13.3%	$69.47M+9.5%	$63.43M+12.6%	$56.35M+58.0%	$35.67M+50.4%
Total assets	$5.36B-3.8%	$5.57B+0.7%	$5.53B-0.8%	$5.58B-3.3%	$5.77B-1.2%
Accounts payable	$442.42M-6.0%	$470.78M+2.1%	$461.27M+8.1%	$426.51M-17.0%	$513.96M+22.0%
Accrued expenses	$76.08M-29.3%	$107.65M-62.1%	$283.88M+8.5%	$261.65M-4.4%	$273.68M-29.1%
Deferred revenue	$20.29M-74.4%	$79.29M+2,085%	$3.63M-18.8%	$4.47M-68.2%	$14.03M-81.3%
Current portion of long-term debt	$5.66M—	$0—	$0—	$0-100%	$3.22M-49.6%
Operating lease liabilities, current	$15.85M-15.0%	$18.65M+8.3%	$17.22M+14.2%	$15.08M+11.0%	$13.59M+2.0%
Finance Lease Liability, Current	$5.66M-26.7%	$7.72M-49.9%	$15.41M+16.5%	$13.23M-4.4%	$13.84M-9.0%
Contract liabilities	$200K—	——	$3.9M+1,200%	$300K-25.0%	$400K-99.5%
Accrued interest	$9.99M-42.8%	$17.47M+74.2%	$10.03M-42.7%	$17.51M+75.1%	$10M-42.8%
Claims and insurance accruals	$73.26M-0.5%	$73.62M-13.7%	$85.34M+838%	$9.1M-15.3%	$10.74M-87.3%
Total current liabilities	$720.25M-16.6%	$863.64M+11.0%	$777.77M+8.6%	$716.47M-12.4%	$818.29M-2.8%
Long-term debt	$1.22B0.0%	$1.22B0.0%	$1.22B0.0%	$1.22B0.0%	$1.22B0.0%
Operating lease liabilities, non-current	$25.08M-9.1%	$27.61M-5.3%	$29.14M-1.5%	$29.59M-7.7%	$32.06M-6.5%
Finance lease liabilities	$928K-83.0%	$5.45M-6.8%	$5.85M-31.8%	$8.57M-6.7%	$9.19M-10.1%
Other non-current liabilities	$15.16M+24.3%	$12.19M+3.8%	$11.74M-0.2%	$11.77M-1.0%	$11.89M-10.2%
Total liabilities	$2.19B-6.4%	$2.35B+3.0%	$2.28B+2.3%	$2.23B-4.4%	$2.33B-1.2%
Common stock	800M0.0%	800M0.0%	800M0.0%	800M0.0%	800M+15,267%
Additional paid-in capital	$6.5B+0.1%	$6.49B+0.1%	$6.48B+0.1%	$6.48B+0.1%	$6.47B+0.2%
Retained earnings	-$1.32B-5.0%	-$1.26B-3.3%	-$1.22B-5.9%	-$1.15B-7.5%	-$1.07B-2.9%
Accumulated other comprehensive income (loss)	-$1.69M-46.7%	-$1.16M+36.7%	-$1.83M-78.0%	-$1.03M+64.3%	-$2.87M-11.2%
Treasury stock	$2.02B0.0%	$2.02B0.0%	$2.02B+1.7%	$1.99B+0.8%	$1.97B+1.0%
Noncontrolling interests	$6.33M+2.4%	$6.18M-1.6%	$6.28M-0.8%	$6.33M-24.8%	$8.41M-16.0%
Total stockholders' equity	$3.16B-1.8%	$3.22B-0.9%	$3.25B-2.8%	$3.34B-2.5%	$3.43B-1.1%
Total liabilities and stockholders' equity	$5.36B-3.8%	$5.57B+0.7%	$5.53B-0.8%	$5.58B-3.3%	$5.77B-1.2%
Allowance for Doubtful Accounts	$14.56M+0.6%	$14.47M-2.3%	$14.81M+3.7%	$14.28M-7.8%	$15.49M+3.0%
Allowance for Doubtful Accounts Receivable (Current)	$14.56M+0.6%	$14.47M-2.3%	$14.81M+3.7%	$14.28M-7.8%	$15.49M+3.0%
Finished goods	$24.1M-8.2%	$26.27M-9.6%	$29.05M-4.9%	$30.54M-11.5%	$34.49M-10.8%
Materials and supplies	$120.46M-6.9%	$129.44M+6.2%	$121.9M-2.9%	$125.56M-0.8%	$126.53M+4.0%
Other current assets	$92.06M-19.2%	$113.89M-15.1%	$134.21M+11.2%	$120.64M-2.8%	$124.15M+0.8%
Deferred Tax Assets and Other Non-Current Assets	$78.71M+13.3%	$69.47M+9.5%	$63.43M+12.6%	$56.35M+58.0%	$35.67M+50.4%
Deposits on Licenses	$14.21M+20.8%	$11.76M+5.5%	$11.15M-41.4%	$19.02M-4.4%	$19.9M+26.7%
Finite Lived Intangible Assets - Gross	$1.11B+0.1%	$1.11B+0.3%	$1.11B+0.2%	$1.1B+0.2%	$1.1B+0.2%
Net Investment in Lease	$37.98M-11.6%	$42.98M-0.5%	$43.22M+3.7%	$41.69M-2.6%	$42.79M-3.6%
Intangible assets — net	$784.22M-3.8%	$814.81M-3.3%	$842.97M-3.3%	$871.95M-3.2%	$900.96M-3.1%
Operating lease right-of-use assets	$37.98M-11.6%	$42.98M-0.5%	$43.22M+3.7%	$41.69M-2.6%	$42.79M-3.6%
Other non-current assets	$78.71M+13.3%	$69.47M+9.5%	$63.43M+12.6%	$56.35M+58.0%	$35.67M+50.4%
Property, plant and equipment at cost	$8.82B-0.9%	$8.9B-0.9%	$8.98B+0.6%	$8.92B-0.1%	$8.93B-1.7%
Operating Lease Right-of-Use Assets in Other Assets	$37.98M-11.6%	$42.98M-0.5%	$43.22M+3.7%	$41.69M-2.6%	$42.79M-3.6%
Software and Technology Licenses, Net	$78.71M+13.3%	$69.47M+9.5%	$63.43M+12.6%	$56.35M+58.0%	$35.67M+50.4%
Accrued Manufacturing Costs	$76.08M-29.3%	$107.65M—	——	——	——
Accrued Progress Collections and Price Adjustments	$200K—	——	——	$300K-25.0%	$400K—
Other Commercial Liabilities	$256.33M-30.1%	$366.49M+29.1%	$283.88M+8.5%	$261.65M-4.4%	$273.68M-29.1%
Commercial Paper Outstanding	$32.4M—	——	$43.1M+2.4%	$42.1M-1.6%	$42.8M—
Accrued Liabilities, Current	$256.33M-30.1%	$366.49M+29.1%	$283.88M+8.5%	$261.65M-4.4%	$273.68M-29.1%
Compensation and benefits	$76.08M-29.3%	$107.65M—	——	——	——
Professional Service Fees Payable	$13.38M-10.8%	$15M—	——	——	——
Contract Liabilities, Non-Current	$200K—	——	——	$300K-25.0%	$400K—
Debt - Unamortized Discount (Premium) and Issuance Costs, Net	$6.04M-5.1%	$6.36M-4.8%	$6.68M-4.5%	$7M-4.3%	$7.32M-4.2%
Deferred revenue, net of current portion	$200K—	——	——	$300K-25.0%	$400K—
Total debt	$1.27B-0.9%	$1.28B-0.6%	$1.29B+0.1%	$1.29B-0.4%	$1.29B-0.6%
Total Carrying Value of Debt	$1.23B0.0%	$1.23B0.0%	$1.23B0.0%	$1.23B-0.3%	$1.23B-0.3%
Common Stock Par Value Per Share	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%
Common Stock Shares Issued	524.1M+0.1%	523.7M0.0%	523.6M0.0%	523.5M+0.3%	521.8M+0.2%
Additional paid-in capital	$6.5B+0.1%	$6.49B+0.1%	$6.48B+0.1%	$6.48B+0.1%	$6.47B+0.2%
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$5.24M+0.1%	$5.24M0.0%	$5.24M0.0%	$5.23M+0.3%	$5.22M+0.2%
Treasury Stock, Value	$2.02B0.0%	$2.02B0.0%	$2.02B+1.7%	$1.99B+0.8%	$1.97B+1.0%
Share Repurchase Authorization Limit	$694M—	——	$694M-4.7%	$728M-1.8%	$741M—
Share Repurchase Program - Amount Remaining	$694M—	——	$694M-4.7%	$728M-1.8%	$741M—
Cumulative Cost Basis	$8.82B-0.9%	$8.9B-0.9%	$8.98B+0.6%	$8.92B-0.1%	$8.93B-1.7%
Deferred Revenue Timing Percentage	7%—	——	91%0.0%	91%+82.0%	9%—
Professional service fees	$13.38M-10.8%	$15M—	——	——	——
Allowance for doubtful accounts	$14.56M+0.6%	$14.47M-2.3%	$14.81M+3.7%	$14.28M-7.8%	$15.49M+3.0%
Common stock, par value (in dollars per share)	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%
Common stock, shares authorized (in shares)	$800M0.0%	$800M0.0%	$800M0.0%	$800M0.0%	$800M0.0%
Common stock, shares issued (in shares)	$524.09M+0.1%	$523.74M0.0%	$523.64M0.0%	$523.54M+0.3%	$521.76M+0.2%
Common Stock, Shares, Outstanding	$379.6M+0.1%	$379.3M0.0%	$379.24M-1.5%	$385.16M-0.2%	$385.98M-0.4%
Contract with Customer, Liability	$20.46M-74.3%	$79.51M+1,939%	$3.9M-18.8%	$4.8M-66.7%	$14.4M-81.0%
Long-term debt, gross	$1.23B0.0%	$1.23B0.0%	$1.23B0.0%	$1.23B-0.3%	$1.23B-0.3%
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	$6.04M-5.1%	$6.36M-4.8%	$6.68M-4.5%	$7M-4.3%	$7.32M-4.2%
Deferred income taxes	$212.03M-1.8%	$215.82M-7.3%	$232.8M-3.1%	$240.14M+0.7%	$238.51M+0.2%
Current maturities of long-term debt	$5.66M-26.7%	$7.72M-49.9%	$15.41M+16.5%	$13.23M-4.4%	$13.84M-9.0%
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	$7.82M-47.6%	$14.93M-32.2%	$22.03M-2.8%	$22.67M-6.5%	$24.26M-10.2%
Finite-Lived Intangible Assets, Accumulated Amortization	$326.16M+10.6%	$294.95M+11.9%	$263.57M+13.5%	$232.25M+15.8%	$200.59M+18.0%
Gross Carrying Amount	$1.11B+0.1%	$1.11B+0.3%	$1.11B+0.2%	$1.1B+0.2%	$1.1B+0.2%
Tax receivable within other current assets	$6.56M-70.4%	$22.19M-27.2%	$30.5M+10.3%	$27.66M+20.5%	$22.96M-7.3%
Letters of Credit Outstanding, Amount	$32.4M—	——	$43.1M+2.4%	$42.1M-1.6%	$42.8M—
Noncontrolling interests in subsidiaries	$6.33M+2.4%	$6.18M-1.6%	$6.28M-0.8%	$6.33M-24.8%	$8.41M-16.0%
Other accrued liabilities	$24.54M-12.7%	$28.09M-32.9%	$41.84M+35.7%	$30.84M-20.9%	$38.98M-0.7%
Prepaid expenses	$30.1M-13.6%	$34.83M-22.6%	$45M+3.7%	$43.39M+50.7%	$28.79M-15.3%
Property, sales, use and other taxes	$38.8M-14.5%	$45.37M+4.6%	$43.36M+4.0%	$41.68M-8.6%	$45.59M-16.3%
Purchase Commitment, Remaining Minimum Amount Committed	$128M—	——	$72.5M-23.5%	$94.8M-14.6%	$111M—
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied	$260M—	——	$256M-17.9%	$312M-23.3%	$407M—
Share Repurchase Program, Authorized, Amount	——	——	——	——	——
Share Repurchase Program, Remaining Authorized, Amount	$694M—	——	$694M-4.7%	$728M-1.8%	$741M—
Treasury stock, shares (in shares)	$144.49M0.0%	$144.44M0.0%	$144.4M+4.3%	$138.39M+1.9%	$135.78M+1.8%
Unrecorded Unconditional Purchase Obligation	$21.7M—	——	$20.6M-24.0%	$27.1M+44.9%	$18.7M—
Purchase commitments, Due in 2027	$4.8M—	——	$13.1M0.0%	$13.1M+157%	$5.1M—
Unrecorded Unconditional Purchase Obligation, to be Paid, Remainder of Fiscal Year	$16.9M—	——	$2.7M-70.7%	$9.2M-32.4%	$13.6M—
Workers’ compensation receivable	$30.54M+0.1%	$30.49M+1.6%	$30.01M+13.3%	$26.47M-20.4%	$33.24M0.0%
Purchase Obligation	$128M—	——	$72.5M-23.5%	$94.8M-14.6%	$111M—
Unrecorded Unconditional Purchase Obligation	$4.8M—	——	$13.1M0.0%	$13.1M+157%	$5.1M—

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Questions, answered.

Can Patterson-UTI Energy cover its short-term obligations?: Its current ratio is 1.84 — current assets exceed current liabilities.
Where does Patterson-UTI Energy's balance sheet data come from?: Every line is extracted from Patterson-UTI Energy's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.