Helmerich and Payne Inc (HP)
Current ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,192,070 | 1,006,620 | 1,002,940 | 1,586,570 | 963,327 |
| Total current liabilities | US$ in thousands | 446,949 | 418,931 | 394,810 | 866,306 | 219,136 |
| Current ratio | 2.67 | 2.40 | 2.54 | 1.83 | 4.40 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,192,070K ÷ $446,949K
= 2.67
The current ratio of Helmerich and Payne Inc has shown fluctuation over the past five years. As of September 30, 2024, the current ratio stands at 2.67, indicating that the company has $2.67 in current assets for every $1 in current liabilities.
Compared to the previous years, the current ratio has generally improved from 2021 to 2024, suggesting better liquidity and ability to meet short-term obligations. However, it is important to note the significant drop in the current ratio from 4.40 in 2020 to 1.83 in 2021, which may have raised concerns over the company's short-term liquidity position at that time.
Overall, the current ratio of Helmerich and Payne Inc has shown a mix of positive and concerning trends in recent years, reflecting the company's ability to manage its short-term financial obligations and liquidity position.
Peer comparison
Sep 30, 2024