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Helmerich & Payne Cash-to-Debt

: 1.04 (As of Sep. 2021)
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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 Sep. 2021 was 1.04.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Helmerich & Payne could pay off its debt using the cash in hand for the quarter that ended in Sep. 2021.

The historical rank and industry rank for Helmerich & Payne's Cash-to-Debt or its related term are showing as below:

NYSE:HP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17   Med: 1.07   Max: No Debt
Current: 1.04

0.17
No Debt

During the past 13 years, Helmerich & Payne's highest Cash to Debt Ratio was No Debt. The lowest was 0.17. And the median was 1.07.

NYSE:HP's Cash-to-Debt is ranked higher than
62% of the 1069 Companies
in the Oil & Gas industry.

( Industry Median: 0.46 vs. NYSE:HP: 1.04 )

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.

* Premium members only.

Helmerich & Payne Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Cash-to-Debt
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.15 0.66 0.84 1.10 1.04

Helmerich & Payne Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Cash-to-Debt Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.10 1.09 1.17 1.16 1.04

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 Sep. 2021 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  (NYSE:HP) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.


Helmerich & Payne Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Helmerich & Payne's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.


Helmerich & Payne Business Description

Helmerich & Payne logo
Industry
Energy » Oil & Gas NAICS : 213111 SIC : 1381
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
Adams Raymond John Iii officer: VP Digital Ops Marketing Sales 1437 S. BOULDER AVE. SUITE 1400 TULSA OK 74119
Smith Mark W. officer: Senior VP and CFO 15835 PARK TEN PLACE DRIVE HOUSTON TX 77084
Mas Jose Ramon director 800 DOUGLAS ROAD, 12TH FLOOR CORAL GABLES FL 33134
Rust Edward B Jr director MCGRAW-HILL COMPANIES 1221 AVENUE OF THE AMERICAS NEW YORK NY 10020
Bellinger Delaney Murchison director 524 E. 24TH STREET HOUSTON TX 77008
Cramton Kevin G. director 502 SAINT DAVIDS AVENUE WAYNE PA 19087
Petrie Thomas A. director 1437 S. BOULDER AVE., SUITE 1400 TULSA OK 74119
Helmerich Hans director C/O CIIRMAREX ENERGY CO 707 17TH ST. #3300 DENVER CO 80202-3404
Zeglis John D director 7277 164TH AVE NE BLDG1 REDMOND WA 98052
Foutch Randy A director 15 W. SIXTH STREET SUITE, 1800 TULSA OK 74119
Robillard Donald F Jr director 1437 S. BOULDER AVE. TULSA OK 74119
Vandeweghe Mary M director 1601 W. DIEHL ROAD NAPERVILLE IL 60563
Benson Todd Willard officer: President of H&P Technologies 1437 S. BOULDER AVENUE SUITE 1400 TULSA OK 74119
Bell John R. officer: VP, Drilling Subsidiary 1437 S. BOULDER AVE. TULSA OK 74119
Lennox Michael officer: VP, Drilling Subsidiary 1437 S. BOULDER AVE., SUITE 140 TULSA OK 74119

Helmerich & Payne Headlines

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