Helmerich and Payne Inc (HP)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,917,150 | 2,856,840 | 2,803,070 | 2,759,650 | 2,771,940 | 2,708,080 | 2,755,810 | 2,745,140 | 2,765,470 | 2,732,670 | 2,734,410 | 2,776,590 | 2,912,620 | 3,007,910 | 3,083,700 | 3,224,920 | 3,318,510 | 3,396,060 | 3,461,010 | 3,975,540 |
| Debt-to-capital ratio | 0.38 | 0.16 | 0.16 | 0.16 | 0.16 | 0.17 | 0.16 | 0.17 | 0.16 | 0.17 | 0.17 | 0.16 | 0.16 | 0.15 | 0.15 | 0.14 | 0.13 | 0.12 | 0.12 | 0.11 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,782,180K ÷ ($1,782,180K + $2,917,150K)
= 0.38
The debt-to-capital ratio of Helmerich and Payne Inc has shown consistent stability and a gradual increase over the past years. As of September 30, 2024, the ratio stands at 0.38, indicating that 38% of the company's capital structure is funded by debt.
The ratio has generally been maintained within a narrow range between 0.11 to 0.38, reflecting prudent management of debt levels relative to total capital. The increase in the ratio over time may suggest a strategic decision to leverage debt to finance growth opportunities or capitalize on favorable interest rates.
Overall, based on the trend observed in the debt-to-capital ratio, Helmerich and Payne Inc appears to have a balanced approach towards debt financing, which may be indicative of the company's ability to manage its financial obligations effectively.
Peer comparison
Sep 30, 2024