Helmerich & Payne (Helmerich & Payne) Interest Expense : $-17 Mil (TTM As of Dec. 2023)

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What is Helmerich & Payne Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Helmerich & Payne's interest expense for the three months ended in Dec. 2023 was $ -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-17 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Helmerich & Payne's Operating Income for the three months ended in Dec. 2023 was $ 114 Mil. Helmerich & Payne's Interest Expense for the three months ended in Dec. 2023 was $ -4 Mil. Helmerich & Payne's Interest Coverage for the quarter that ended in Dec. 2023 was 25.97. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Helmerich & Payne Interest Expense Historical Data

The historical data trend for Helmerich & Payne's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Helmerich & Payne Interest Expense Chart

Helmerich & Payne Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-25.19

-24.47

-23.96

-19.20

-17.28

Helmerich & Payne Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-4.36	-4.24	-4.32	-4.37	-4.37

Helmerich & Payne Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-17 Mil.

Helmerich & Payne (NYSE:HP) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Helmerich & Payne's Interest Expense for the three months ended in Dec. 2023 was $-4 Mil. Its Operating Income for the three months ended in Dec. 2023 was $114 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $545 Mil.

Helmerich & Payne's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	113.531	/	-4.372
	=	25.97

The higher the ratio, the stronger the company's financial strength is.

Helmerich & Payne (Helmerich & Payne) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Helmerich & Payne Inc (NYSE:HP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

HPC:Germany

Address

1437 South Boulder Avenue, Suite 1400, Tulsa, OK, USA, 74119

Website

https://www.helmerichpayne.com

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 but growing presence internationally.

Executives

Adams Raymond John Iii	officer: SVP Sales, Marketing & Digital	1437 S. BOULDER AVE., SUITE 1400, TULSA OK 74119
Hans Helmerich	director	C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404
Elizabeth R Killinger	director	NRG ENERGY, INC., 211 CARNEGIE CENTER, PRINCETON NJ 08540
John W Lindsay	director, officer: President and CEO	1437 S. BOULDER AVE., SUITE 1400, TULSA OK 74119
John R. Bell	officer: SVP, Int'l & Offshore Ops, sub	1437 S. BOULDER AVE., SUITE 1400, TULSA OK 74119
Mark W. Smith	officer: Senior VP and CFO	15835 PARK TEN PLACE DRIVE, HOUSTON TX 77084
Cara M. Hair	officer: SVP, Corp. Services & CLO	1437 S. BOULDER AVE., SUITE 1400, TULSA OK 74119
Sara Marie Momper	officer: VP, CAO	1437 S. BOULDER AVE., SUITE 1400, TULSA OK 74119
Michael Lennox	officer: SVP, US Land Ops, drilling sub	1437 S. BOULDER AVE., SUITE 140, TULSA OK 74119
Todd Willard Benson	officer: President of H&P Technologies	1437 S. BOULDER AVENUE, SUITE 1400, TULSA OK 74119
Belgacem Chariag	director	TECHNO PARK, SHEIKH ZAYED ROAD, DUBAI C0 00000
Mary M Vandeweghe	director	1601 W. DIEHL ROAD, NAPERVILLE IL 60563
Kevin G. Cramton	director	502 SAINT DAVIDS AVENUE, WAYNE PA 19087
Delaney Murchison Bellinger	director	524 E. 24TH STREET, HOUSTON TX 77008
Jose Ramon Mas	director	800 DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134