Helmerich & Payne Balance Sheet Health
Financial Health criteria checks 3/6
Helmerich & Payne has a total shareholder equity of $2.9B and total debt of $1.8B, which brings its debt-to-equity ratio to 61.1%. Its total assets and total liabilities are $5.8B and $2.9B respectively. Helmerich & Payne's EBIT is $457.9M making its interest coverage ratio -37.9. It has cash and short-term investments of $510.3M.
Key information
61.1%
Debt to equity ratio
US$1.78b
Debt
| Interest coverage ratio | -37.9x |
| Cash | US$510.26m |
| Equity | US$2.92b |
| Total liabilities | US$2.86b |
| Total assets | US$5.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HPC's short term assets ($1.2B) exceed its short term liabilities ($446.9M).
Long Term Liabilities: HPC's short term assets ($1.2B) do not cover its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: HPC's net debt to equity ratio (43.6%) is considered high.
Reducing Debt: HPC's debt to equity ratio has increased from 11.9% to 61.1% over the past 5 years.
Debt Coverage: HPC's debt is well covered by operating cash flow (38.4%).
Interest Coverage: HPC earns more interest than it pays, so coverage of interest payments is not a concern.