Helmerich & Payne Balance Sheet Health
Financial Health criteria checks 4/6
Helmerich & Payne has a total shareholder equity of $2.9B and total debt of $545.6M, which brings its debt-to-equity ratio to 19.1%. Its total assets and total liabilities are $4.5B and $1.6B respectively. Helmerich & Payne's EBIT is $419.4M making its interest coverage ratio -21.2. It has cash and short-term investments of $289.7M.
Key information
19.1%
Debt to equity ratio
US$545.59m
Debt
Interest coverage ratio | -21.2x |
Cash | US$289.72m |
Equity | US$2.86b |
Total liabilities | US$1.63b |
Total assets | US$4.48b |
Recent financial health updates
We Think Helmerich & Payne (NYSE:HP) Can Stay On Top Of Its Debt
May 23Helmerich & Payne (NYSE:HP) Could Easily Take On More Debt
Dec 25We 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
An Intrinsic Calculation For Helmerich & Payne, Inc. (NYSE:HP) Suggests It's 48% Undervalued
Jul 29There's Been No Shortage Of Growth Recently For Helmerich & Payne's (NYSE:HP) Returns On Capital
Jun 22We Think Helmerich & Payne (NYSE:HP) Can Stay On Top Of Its Debt
May 23Helmerich & Payne: International Expansion Is Attractive
May 12Helmerich & Payne, Inc. (NYSE:HP) Second-Quarter Results: Here's What Analysts Are Forecasting For This Year
Apr 26Investors 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 11Financial Position Analysis
Short Term Liabilities: HP's short term assets ($970.3M) exceed its short term liabilities ($456.8M).
Long Term Liabilities: HP's short term assets ($970.3M) 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 12% to 19.1% over the past 5 years.
Debt Coverage: HP's debt is well covered by operating cash flow (133.9%).
Interest Coverage: HP earns more interest than it pays, so coverage of interest payments is not a concern.