Helmerich and Payne Inc (HP)
Debt-to-equity 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-equity ratio | 0.61 | 0.19 | 0.19 | 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 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,782,180K ÷ $2,917,150K
= 0.61
The debt-to-equity ratio of Helmerich and Payne Inc has shown variability over the periods displayed in the table. The ratio fluctuated between 0.12 to 0.61, indicating fluctuations in the company's leverage position and its reliance on debt financing compared to equity.
A higher debt-to-equity ratio suggests that a company is more reliant on debt to fund its operations and growth, which can increase financial risk. On the other hand, a lower ratio indicates a stronger equity position relative to debt.
In the most recent period, as of September 30, 2024, the ratio stands at 0.61, which indicates a higher level of debt compared to equity in the company's capital structure. This may raise concerns about the company's ability to meet its debt obligations, especially in challenging economic environments or if the company experiences financial difficulties.
It is important for stakeholders to monitor the trend of the debt-to-equity ratio over time to assess the company's financial health and risk exposure. Fluctuations in this ratio can provide insights into changes in the company's capital structure and financial risk profile.
Peer comparison
Sep 30, 2024