Helmerich and Payne Inc (HP)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 5,839,520 | 5,897,380 | 6,144,560 |
| 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 |
| Financial leverage ratio | 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 | 1.46 | 1.44 | 1.42 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,421,330K ÷ $2,759,650K
= 1.60
The financial leverage ratio of Helmerich & Payne, Inc. has exhibited some fluctuation over the past eight quarters, ranging from 1.57 to 1.61. This ratio indicates that the company’s reliance on debt to finance its assets has remained relatively stable, with a slight increase in the most recent quarter. A higher financial leverage ratio implies a greater proportion of assets is funded by debt, which can amplify the company's financial risks and returns. It is important for stakeholders to monitor any significant changes in this ratio to assess the company's overall financial health and risk exposure.
Peer comparison
Dec 31, 2023