Helmerich and Payne Inc (HP)
Debt-to-assets ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 479,356 | 491,651 | 491,227 |
| Total assets | US$ in thousands | 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 | 5,839,520 | 5,897,380 | 6,144,560 |
| Debt-to-assets ratio | 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 | 0.08 | 0.08 | 0.08 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $545,292K ÷ $4,421,330K
= 0.12
The debt-to-assets ratio of Helmerich & Payne, Inc. has remained relatively stable over the last eight quarters, ranging from 0.12 to 0.13. This indicates that the company has been successful in managing its debt levels in relation to its total assets. A low and consistent debt-to-assets ratio suggests a conservative approach to financing, indicating that the company has a strong ability to cover its debt obligations with its asset base. It can also imply a lower financial risk and potential for future growth, as the company's assets are not overly encumbered by debt. However, while the ratio has remained relatively constant, it would be beneficial to analyze any changes in the composition of the company's assets and debt to gain a more comprehensive understanding of its financial position and performance.
Peer comparison
Dec 31, 2023