Helmerich and Payne Inc (HP)
Debt-to-assets ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,782,180 | 545,589 | 545,441 | 545,292 | 545,144 | 544,996 | 542,734 | 542,932 | 542,610 | 542,290 | 541,969 | 542,236 | 541,997 | 542,000 | 542,000 | 542,000 | 480,727 | 480,269 | 479,811 | 479,355 |
| Total assets | US$ in thousands | 5,781,900 | 4,484,980 | 4,424,850 | 4,421,330 | 4,381,960 | 4,340,820 | 4,365,730 | 4,411,850 | 4,355,530 | 4,322,610 | 4,334,350 | 4,392,250 | 5,034,130 | 4,495,280 | 4,588,100 | 4,726,750 | 4,829,620 | 4,962,330 | 5,176,750 | 5,841,510 |
| Debt-to-assets ratio | 0.31 | 0.12 | 0.12 | 0.12 | 0.12 | 0.13 | 0.12 | 0.12 | 0.12 | 0.13 | 0.13 | 0.12 | 0.11 | 0.12 | 0.12 | 0.11 | 0.10 | 0.10 | 0.09 | 0.08 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,782,180K ÷ $5,781,900K
= 0.31
Helmerich and Payne Inc's debt-to-assets ratio has exhibited stability over the past few years, ranging between 0.08 and 0.31. The ratio indicates the proportion of the company's assets financed by debt. The higher the ratio, the greater the company's reliance on debt to fund its operations and investments.
In the most recent period, as of September 30, 2024, the debt-to-assets ratio stands at 0.31, representing an increase from the previous quarter at 0.12. This significant rise suggests a higher level of debt relative to assets, which could be a reflection of increased borrowing or decreased asset value.
It is essential for analysts to monitor changes in the debt-to-assets ratio over time to assess the company's financial structure and risk profile. A sustained increase in the ratio may indicate a higher financial risk, while a declining trend could signal improved financial health and lower leverage.
Peer comparison
Sep 30, 2024