Helmerich & Payne's quarterly accounts payable & accrued expense
increased
from Sep. 2021 ($230 Mil) to Dec. 2021 ($399 Mil) but then
declined
from Dec. 2021 ($399 Mil) to Mar. 2022 ($378 Mil).
Helmerich & Payne's annual accounts payable & accrued expense
declined
from Sep. 2019 ($333 Mil) to Sep. 2020 ($156 Mil) but then
increased
from Sep. 2020 ($156 Mil) to Sep. 2021 ($230 Mil).
Helmerich & Payne Accounts Payable & Accrued Expense Calculation
Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.
Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.
It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.
Helmerich & Payne Business Description
Traded in Other Exchanges
Address
1437 South Boulder Avenue, Suite 1400, Tulsa, OK, USA, 74119
Helmerich & Payne has the largest fleet of U.S. land drilling rigs. The company's FlexRig line is the leading choice to drill horizontal wells for production of U.S. tight oil and gas. H&P is present in nearly every major U.S. shale play and also has a small presence internationally.
Executives
Helmerich & Payne Headlines
By Seekingalpha 2021-11-28
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