Helmerich & Payne (Helmerich & Payne) Cash-to-Debt : 0.51 (As of Mar. 2024)

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What is Helmerich & Payne Cash-to-Debt?

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. 2024 was 0.51.

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. 2024.

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: 0.45 Med: 0.94 Max: 4.56
Current: 0.51

During the past 13 years, Helmerich & Payne's highest Cash to Debt Ratio was 4.56. The lowest was 0.45. And the median was 0.94.

HP's Cash-to-Debt is ranked better than
51.71% of 1025 companies
in the Oil & Gas industry
Industry Median: 0.5 vs HP: 0.51

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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Helmerich & Payne Cash-to-Debt Chart

Helmerich & Payne Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

Get a 7-Day Free Trial

0.84

1.10

1.04

0.60

0.59

Helmerich & Payne Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.45	0.54	0.59	0.55	0.51

Competitive Comparison of Helmerich & Payne's Cash-to-Debt

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's Cash-to-Debt Distribution in the Oil & Gas Industry

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. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	350.774	/	(13.772	+	586.182)
	=	0.58

Helmerich & Payne's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	277.026	/	(0	+	545.441)
	=	0.51

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 (Helmerich & Payne) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Helmerich & Payne Inc (NYSE:HP) » Definitions » Cash-to-Debt

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