Helmerich & Payne Balance Sheet Health
Financial Health criteria checks 4/6
Helmerich & Payne has a total shareholder equity of $2.8B and total debt of $545.4M, which brings its debt-to-equity ratio to 19.5%. Its total assets and total liabilities are $4.4B and $1.6B respectively. Helmerich & Payne's EBIT is $455.9M making its interest coverage ratio -24.5. It has cash and short-term investments of $277.0M.
Key information
19.5%
Debt to equity ratio
US$545.44m
Debt
Interest coverage ratio | -24.5x |
Cash | US$277.03m |
Equity | US$2.80b |
Total liabilities | US$1.62b |
Total assets | US$4.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HPC's short term assets ($948.8M) exceed its short term liabilities ($438.8M).
Long Term Liabilities: HPC's short term assets ($948.8M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: HPC's net debt to equity ratio (9.6%) is considered satisfactory.
Reducing Debt: HPC's debt to equity ratio has increased from 11.4% to 19.5% over the past 5 years.
Debt Coverage: HPC's debt is well covered by operating cash flow (151.4%).
Interest Coverage: HPC earns more interest than it pays, so coverage of interest payments is not a concern.