Helmerich and Payne Inc (HP)
Current ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,006,620 | 1,002,940 | 1,586,570 | 963,327 | 1,115,090 |
| Total current liabilities | US$ in thousands | 418,931 | 394,810 | 866,306 | 219,136 | 410,238 |
| Current ratio | 2.40 | 2.54 | 1.83 | 4.40 | 2.72 |
September 30, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,006,620K ÷ $418,931K
= 2.40
The current ratio of Helmerich & Payne, Inc. has fluctuated over the past five years, indicating changes in its short-term liquidity position. The ratio decreased from 4.40 in 2020 to 1.83 in 2021, showing a substantial decline in the company's ability to meet its short-term obligations. However, in 2022, there was an improvement as the ratio increased to 2.54, suggesting a better ability to cover short-term liabilities. The current ratio further improved to 2.40 in 2023, indicating continued enhancement in liquidity. Overall, the trend in the current ratio reflects fluctuations in the company's short-term liquidity, with a notable recovery in recent years.
Peer comparison
Sep 30, 2023