Helmerich and Payne Inc (HP)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 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 | 4,012,220 | 4,095,050 | 4,318,620 |
| Debt-to-capital ratio | 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 | 0.11 | 0.11 | 0.10 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $545,292K ÷ ($545,292K + $2,759,650K)
= 0.16
The debt-to-capital ratio of Helmerich & Payne, Inc. has been relatively stable, hovering around 0.16 to 0.17 over the past eight quarters. This indicates that the company has maintained a moderate level of debt in relation to its capital structure. A lower ratio typically suggests a lower financial risk, while a higher ratio may indicate a higher level of financial leverage. The consistent range of the debt-to-capital ratio suggests that the company has been managing its debt and capital effectively, maintaining a balanced capital structure. However, it is important to consider this ratio in conjunction with other financial metrics to gain a comprehensive understanding of the company's overall financial health and risk profile.
Peer comparison
Dec 31, 2023