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 $545.3M, which brings its debt-to-equity ratio to 19.8%. Its total assets and total liabilities are $4.4B and $1.7B respectively. Helmerich & Payne's EBIT is $511.7M making its interest coverage ratio -29.9. It has cash and short-term investments of $298.2M.
Key information
19.8%
Debt to equity ratio
US$545.29m
Debt
| Interest coverage ratio | -29.9x |
| Cash | US$298.23m |
| Equity | US$2.76b |
| Total liabilities | US$1.66b |
| Total assets | US$4.42b |
Recent financial health updates
Helmerich & Payne (NYSE:HP) Could Easily Take On More Debt
Dec 25
We Think Helmerich & Payne (NYSE:HP) Can Stay On Top Of Its Debt
Sep 02Does Helmerich & Payne (NYSE:HP) Have A Healthy Balance Sheet?
May 22We Think Helmerich & Payne (NYSE:HP) Can Stay On Top Of Its Debt
Dec 19Recent updates
Investors Aren't Buying Helmerich & Payne, Inc.'s (NYSE:HP) Earnings
Apr 24Here's Why We Think Helmerich & Payne (NYSE:HP) Might Deserve Your Attention Today
Mar 25Helmerich & Payne (NYSE:HP) Is Experiencing Growth In Returns On Capital
Mar 11Estimating The Intrinsic Value Of Helmerich & Payne, Inc. (NYSE:HP)
Jan 23Helmerich & Payne: A Case For A Second Half Rally
Jan 12Some Confidence Is Lacking In Helmerich & Payne, Inc.'s (NYSE:HP) P/S
Jan 08Helmerich & Payne (NYSE:HP) Could Easily Take On More Debt
Dec 25If EPS Growth Is Important To You, Helmerich & Payne (NYSE:HP) Presents An Opportunity
Dec 11Helmerich & Payne: 2 Bright Spots Amidst Market Tumult
Nov 16Calculating The Fair Value Of Helmerich & Payne, Inc. (NYSE:HP)
Oct 12We Think Helmerich & Payne (NYSE:HP) Can Stay On Top Of Its Debt
Sep 02Helmerich & Payne: Customer Budget Exhaustion Is An Issue
Aug 23Helmerich & Payne (NYSE:HP) Is Doing The Right Things To Multiply Its Share Price
Aug 08Helmerich & Payne Remains Unattractive Despite Underperformance
Jul 19An Intrinsic Calculation For Helmerich & Payne, Inc. (NYSE:HP) Suggests It's 25% Undervalued
Jun 29Does Helmerich & Payne (NYSE:HP) Have A Healthy Balance Sheet?
May 22Returns On Capital Are Showing Encouraging Signs At Helmerich & Payne (NYSE:HP)
May 01Helmerich & Payne, Inc.'s (NYSE:HP) Intrinsic Value Is Potentially 72% Above Its Share Price
Mar 20Helmerich & Payne: Time To Take Profits
Feb 10Helmerich & Payne's (NYSE:HP) Promising Earnings May Rest On Soft Foundations
Feb 06Helmerich & Payne Q1 2023 Earnings Preview
Jan 27Helmerich & Payne (NYSE:HP) Is Doing The Right Things To Multiply Its Share Price
Jan 15Helmerich & Payne: BHA On Bottom, Drilling Ahead
Dec 28We Think Helmerich & Payne (NYSE:HP) Can Stay On Top Of Its Debt
Dec 19Analysts Just Made A Substantial Upgrade To Their Helmerich & Payne, Inc. (NYSE:HP) Forecasts
Nov 22Helmerich & Payne goes ex-dividend on Monday
Nov 11Helmerich & Payne, Inc.'s (NYSE:HP) Intrinsic Value Is Potentially 44% Above Its Share Price
Oct 07Helmerich & Payne: Positive Net Income An Encouraging Sign
Sep 15Helmerich & Payne (NYSE:HP) Is Due To Pay A Dividend Of $0.25
Sep 11Helmerich & Payne goes ex dividend tomorrow
Aug 15Helmerich & Payne: Drilling For Free Cash Flow
Jul 10Estimating The Intrinsic Value Of Helmerich & Payne, Inc. (NYSE:HP)
Jul 01Helmerich & Payne (NYSE:HP) Will Pay A Dividend Of US$0.25
Jun 05Financial Position Analysis
Short Term Liabilities: HP's short term assets ($988.7M) exceed its short term liabilities ($469.0M).
Long Term Liabilities: HP's short term assets ($988.7M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: HP's net debt to equity ratio (9%) is considered satisfactory.
Reducing Debt: HP's debt to equity ratio has increased from 11.3% to 19.8% over the past 5 years.
Debt Coverage: HP's debt is well covered by operating cash flow (150.9%).
Interest Coverage: HP earns more interest than it pays, so coverage of interest payments is not a concern.