Helmerich and Payne Inc (HP)
Debt-to-equity ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 545,144 | 542,610 | 541,997 | 480,727 | 479,356 |
| Total stockholders’ equity | US$ in thousands | 2,771,940 | 2,765,470 | 2,912,620 | 3,318,510 | 4,012,220 |
| Debt-to-equity ratio | 0.20 | 0.20 | 0.19 | 0.14 | 0.12 |
September 30, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $545,144K ÷ $2,771,940K
= 0.20
The debt-to-equity ratio for Helmerich & Payne, Inc. has remained relatively stable over the past five years, standing at 0.20 in 2023, which is consistent with the previous year. This indicates that the company has a moderate level of debt in relation to its equity, reflecting a balanced capital structure. The ratio was notably higher in 2021 at 0.35, suggesting increased reliance on debt financing that year. However, it decreased sharply in 2020 to 0.14, and further to 0.12 in 2019, signifying a conservative approach to debt utilization during those periods. Overall, the company's debt-to-equity ratio suggests prudent financial management and an ability to maintain a healthy balance between debt and equity in its capital structure.
Peer comparison
Sep 30, 2023