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
by its Interest Expense. Helmerich & Payne's
Operating Income
for the
three
months ended in Mar. 2026 was €-11 Mil. Helmerich & Payne's Interest Expense for the
three
months ended in Mar. 2026 was €-22 Mil.
did not have earnings to cover the interest expense.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Helmerich & Payne's Interest Coverage or its related term are showing as below:
HAM:HPC'
s Interest Coverage Range Over the Past 10 Years
Min: 0.81 Med: 5.15 Max: 31.26
Current: 0.99
HAM:HPC's Interest Coverage is ranked worse than 92.31% of 728
companies
in the Oil & Gas industry
Industry Median: 5.84
vs HAM:HPC: 0.99
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Helmerich & Payne Interest Coverage Related Terms
Helmerich & Payne Interest Coverage Historical Data
* Premium members only.
The historical data trend for Helmerich & Payne's Interest Coverage 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: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
HAM:HPC vs PTEN, SDRL, VAL: Interest Coverage Comparison
For the Oil & Gas Drilling subindustry, Helmerich & Payne's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Helmerich & Payne's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Helmerich & Payne's Interest Coverage falls into.
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 did not have earnings to cover the interest expense.
* 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.
What does a Interest Coverage of 0 (At Loss) mean?
Helmerich & Payne (HAM:HPC) has a Interest Coverage of 0 (At Loss) as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Helmerich & Payne and its competitors. Over the past decade, Helmerich & Payne's Interest Coverage has ranged from 0.81 to 31.26. According to the industry distribution chart, Helmerich & Payne ranks #672 out of 728 companies in the Oil & Gas industry, placing it in the top 92.3%.
Is Helmerich & Payne's Interest Coverage too high?
Helmerich & Payne's current Interest Coverage is 0 (At Loss). Over the past 10 years, this metric has ranged from a low of 0.81 to a high of 31.26. Based on the distribution chart, Helmerich & Payne ranks #672 out of 728 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Helmerich & Payne has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Helmerich & Payne's Interest Coverage compare to PTEN and SDRL?
According to the Oil & Gas industry distribution chart, Helmerich & Payne ranks #672 out of 728 companies for Interest Coverage. This places Helmerich & Payne in the lower half of its industry. The industry median Interest Coverage is 5.84. Historically, Helmerich & Payne's own Interest Coverage has ranged from 0.81 to 31.26 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 5.84, based on 728 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Helmerich & Payne and its competitors. For the Oil & Gas industry, the median Interest Coverage is 5.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Helmerich & Payne's current Interest Coverage is 0 (At Loss). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Helmerich & Payne stock overvalued right now?
Based on GuruFocus' analysis, Helmerich & Payne (HAM:HPC) is currently considered Possible Value Trap. The stock's GF Value™ is €41.36, compared to a current price of €27.07 — trading 34.6% below its estimated fair value. The current Interest Coverage is 0 (At Loss). Helmerich & Payne's overall GF Score™ is 67/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Helmerich & Payne (HAM:HPC), the current Interest Coverage is 0 (At Loss) as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Helmerich & Payne (HAM:HPC) Overvalued in 2026?
Based on GuruFocus' analysis, Helmerich & Payne stock appears to be undervalued.
The current stock price of €27.07 is trading 34.6% below its estimated GF Value™ of €41.36.
GuruFocus considers Helmerich & Payne to be Possible Value Trap.
Key valuation signals for HAM:HPC:
Interest Coverage: 0 (At Loss)
GF Value™: €41.36 vs. price of €27.07 (34.6% below fair value)
No single metric tells the full story. See the HAM:HPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Helmerich & Payne Inc provides performance-driven drilling solutions and technologies to make hydrocarbon recovery safer and more economical for oil and gas exploration and production companies. Focusing on the drilling segment, its technology services develop and commercialize solutions that improve drilling efficiency, accuracy, and wellbore quality and placement. The company operates through North America Solutions, International Solutions, and Offshore Solutions segments. The North America segment runs a technologically advanced AC drive drilling rig fleet in the U.S., with a presence in shale and unconventional basins, while the Offshore Solutions segment, operating rigs on fixed-leg and floating platforms, generates the majority of revenue.
67GF Score
Get the complete analysis for HAM:HPC
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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