Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Helmerich & Payne's cash to debt ratio for the quarter that ended in Mar. 2022 was 0.65.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Helmerich & Payne couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2022.
The historical rank and industry rank for Helmerich & Payne's Cash-to-Debt or its related term are showing as below:
HP'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 1.1 Max: No Debt
Current: 0.65
During the past 13 years, Helmerich & Payne's highest Cash to Debt Ratio was No Debt. The lowest was 0.12. And the median was 1.10.
Helmerich & Payne Cash-to-Debt Historical Data
The historical data trend for Helmerich & Payne's Cash-to-Debt 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.
|
Helmerich & Payne Annual Data
|
|
Trend |
Sep12 |
Sep13 |
Sep14 |
Sep15 |
Sep16 |
Sep17 |
Sep18 |
Sep19 |
Sep20 |
Sep21 |
| Cash-to-Debt |
|
|
|
|
|
|
1.15 |
0.66 |
0.84 |
1.10 |
1.04 |
|
Helmerich & Payne Quarterly Data
|
|
Jun17 |
Sep17 |
Dec17 |
Mar18 |
Jun18 |
Sep18 |
Dec18 |
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
| Cash-to-Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.17 |
1.16 |
1.04 |
0.81 |
0.65 |
Competitive Comparison
For the Oil & Gas Drilling subindustry, Helmerich & Payne's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Helmerich & Payne Cash-to-Debt Distribution
For the Oil & Gas industry and Energy sector, Helmerich & Payne's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Helmerich & Payne's Cash-to-Debt falls into.
Helmerich & Payne Cash-to-Debt Calculation
This is the ratio of a company's
Cash, Cash Equivalents, Marketable Securities
to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.
Helmerich & Payne's Cash to Debt Ratio for the fiscal year that ended in Sep. 2021 is calculated as:
Helmerich & Payne's Cash to Debt Ratio for the quarter that ended in Mar. 2022 is calculated as:
* 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.
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 2021-10-13
By Seekingalpha 2021-11-18
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