Helmerich and Payne Inc (HP)
Debt-to-equity 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-equity ratio | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.19 | 0.18 | 0.18 | 0.17 | 0.14 | 0.14 | 0.14 | 0.12 | 0.12 | 0.12 | 0.11 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $545,292K ÷ $2,759,650K
= 0.20
The debt-to-equity ratio of Helmerich & Payne, Inc. remained consistent at 0.20 across the periods from March 31, 2022, to December 31, 2023. This indicates that the company has maintained a relatively conservative capital structure over this period, with a lower reliance on debt financing compared to equity. A consistent ratio suggests that the company has been able to manage its debt and equity levels effectively, which may signal financial stability and prudent financial management. However, it is also important to consider other financial metrics and industry benchmarks to gain a comprehensive understanding of the company's financial position.
Peer comparison
Dec 31, 2023