Helmerich and Payne Inc (HP)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 5,781,900 | 4,484,980 | 4,424,850 | 4,421,330 | 4,381,960 | 4,340,820 | 4,365,730 | 4,411,850 | 4,355,530 | 4,322,610 | 4,334,350 | 4,392,250 | 5,034,130 | 4,495,280 | 4,588,100 | 4,726,750 | 4,829,620 | 4,962,330 | 5,176,750 | 5,841,510 |
| 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 |
| Financial leverage ratio | 1.98 | 1.57 | 1.58 | 1.60 | 1.58 | 1.60 | 1.58 | 1.61 | 1.57 | 1.58 | 1.59 | 1.58 | 1.73 | 1.49 | 1.49 | 1.47 | 1.46 | 1.46 | 1.50 | 1.47 |
September 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,781,900K ÷ $2,917,150K
= 1.98
The financial leverage ratio of Helmerich and Payne Inc has shown some variability over the past few quarters, ranging from 1.46 to 1.98. A financial leverage ratio above 1 indicates that the company has more debt than equity in its capital structure.
The ratio peaked at 1.98 in September 2024, indicating a relatively high level of debt compared to equity at that time. This could imply that the company may have increased its borrowing or experienced declines in equity during that period. On the other hand, the ratio decreased to 1.46 in December 2019, suggesting a lower level of leverage and potentially a stronger equity position relative to debt at that time.
Overall, fluctuations in the financial leverage ratio of Helmerich and Payne Inc could signal changes in the company's capital structure and financial risk. It is essential for investors and stakeholders to closely monitor these trends to assess the company's financial health and stability.
Peer comparison
Sep 30, 2024