Helmerich & Payne, Inc. (HP) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 1.47B | 1.46B | 1.47B | 1.49B | 1.49B | 1.22B | 1.19B | 970.32M | 948.78M | 988.68M | 1.01B | 992.83M | 1B | 1.08B | 997.9M | 946.16M | 918.5M | 954.69M | 1.58B | 983.54M |
| Cash & Short-Term Investments | 224.67M | 268.97M | 245.76M | 187.4M | 195.58M | 526.5M | 510.26M | 289.72M | 277.03M | 298.23M | 350.77M | 293.22M | 244.76M | 347.64M | 385.48M | 332.99M | 350.58M | 441.26M | 1.13B | 557.81M |
| Cash Only | 202.72M | 247.19M | 224.26M | 166.07M | 174.76M | 391.18M | 217.34M | 203.63M | 193.64M | 214.1M | 257.17M | 220.61M | 159.67M | 229.19M | 268.38M | 188.66M | 202.21M | 234.2M | 935.88M | 370.55M |
| Short-Term Investments | 21.95M | 21.77M | 21.5M | 21.32M | 20.82M | 135.32M | 292.92M | 86.09M | 83.39M | 84.12M | 93.6M | 72.61M | 85.09M | 118.46M | 117.1M | 144.33M | 148.38M | 207.07M | 198.7M | 187.26M |
| Accounts Receivable | 810.61M | 726.82M | 782.64M | 782.63M | 786.34M | 426.93M | 429.87M | 415.39M | 431.68M | 435.82M | 437.78M | 449.59M | 525.61M | 512.68M | 465.03M | 397.88M | 329.57M | 282.38M | 233.41M | 233.63M |
| Days Sales Outstanding | 74.2 | 68.27 | 71.17 | 68.58 | 53.74 | 58.19 | 56.04 | 55.24 | 57.38 | 59.35 | 61.88 | 61.29 | 60.74 | 62.5 | 62.87 | 60.15 | 58.89 | 57.9 | 62.49 | 60.68 |
| Inventory | 330.54M | 324.81M | 324.33M | 329.99M | 321.62M | 127.29M | 117.88M | 115.31M | 107.21M | 101.42M | 94.23M | 101.3M | 99.41M | 90.76M | 87.96M | 86.09M | 83.59M | 87.27M | 84.06M | 90.54M |
| Days Inventory Outstanding | 34.03 | 33.33 | 33.3 | 33.55 | 23.51 | 22.07 | 21.07 | 19.7 | 18.77 | 18.1 | 17.88 | 17.43 | 15.69 | 15.63 | 15.7 | 16.19 | 17.23 | 19.59 | 22.25 | 23.5 |
| Other Current Assets | 106.86M | 141.73M | 112.75M | 190.5M | 68.67M | 73.22M | 82.08M | 149.89M | 132.86M | 153.22M | 128.53M | 148.72M | 134.67M | 44.02M | 22.12M | 25.6M | 57.37M | 80.5M | 92.29M | 58.52M |
| Total Non-Current Assets | 4.86B | 5B | 5.24B | 5.37B | 5.75B | 4.59B | 4.59B | 3.51B | 3.48B | 3.43B | 3.38B | 3.35B | 3.36B | 3.33B | 3.41B | 3.38B | 3.42B | 3.44B | 3.51B | 3.51B |
| Property, Plant & Equipment | 4.09B | 4.22B | 4.44B | 4.53B | 4.6B | 3.08B | 3.08B | 3.07B | 3.05B | 3.03B | 2.97B | 2.97B | 2.97B | 2.98B | 2.95B | 3.03B | 3.02B | 2.69B | 3.13B | 3.33B |
| Fixed Asset Turnover | 0.22x | 0.24x | 0.23x | 0.23x | 0.26x | 0.22x | 0.23x | 0.23x | 0.23x | 0.23x | 0.22x | 0.24x | 0.26x | 0.24x | 0.21x | 0.18x | 0.16x | 0.14x | 0.11x | 0.10x |
| Goodwill | 183.79M | 182.58M | 182.85M | 166.56M | 343.82M | 45.65M | 45.65M | 45.65M | 45.65M | 45.65M | 45.65M | 45.65M | 45.65M | 45.65M | 45.65M | 45.65M | 45.65M | 45.65M | 45.65M | 45.65M |
| Intangible Assets | 444.06M | 463.08M | 485.54M | 493.8M | 511.3M | 52.55M | 54.15M | 55.75M | 57.36M | 58.97M | 60.58M | 62.18M | 63.79M | 65.4M | 67.15M | 68.95M | 70.25M | 72.04M | 73.84M | 75.63M |
| Long-Term Investments | 111.13M | 70.54M | 69.84M | 102.45M | 132.05M | 101.65M | 100.57M | 292.23M | 274.45M | 263.44M | 264.95M | 246.06M | 261.96M | 220.89M | 265.17M | 213.96M | 219.29M | 193.62M | 179.58M | 36.89M |
| Other Non-Current Assets | 35.61M | 63.19M | 65.36M | 80.32M | 162.9M | 1.32B | 1.31B | 49.37M | 45.05M | -478.06M | -485.75M | -516.9M | -518.89M | -516.57M | 25.34M | -507.3M | -494.35M | -112.22M | 19.05M | 19.37M |
| Total Assets | 6.34B | 6.46B | 6.71B | 6.86B | 7.24B | 5.82B | 5.78B | 4.48B | 4.42B | 4.42B | 4.38B | 4.34B | 4.37B | 4.41B | 4.41B | 4.32B | 4.33B | 4.39B | 5.1B | 4.5B |
| Asset Turnover | 0.15x | 0.15x | 0.15x | 0.15x | 0.16x | 0.12x | 0.14x | 0.16x | 0.16x | 0.15x | 0.15x | 0.17x | 0.18x | 0.16x | 0.14x | 0.13x | 0.11x | 0.09x | 0.07x | 0.07x |
| Asset Growth % | -12.51% | 11.05% | 15.98% | 53% | 63.67% | 31.56% | 31.95% | 3.32% | 1.35% | 0.21% | -0.64% | 0.42% | 0.72% | 0.45% | -13.48% | -3.84% | -5.53% | -7.08% | 5.54% | -9.41% |
| Total Current Liabilities | 863.31M | 721.85M | 814.84M | 809.77M | 887.57M | 435.71M | 446.95M | 456.79M | 438.84M | 468.99M | 418.93M | 433.5M | 413.72M | 469.57M | 394.81M | 401.28M | 377.6M | 398.98M | 866.31M | 265.3M |
| Accounts Payable | 177.21M | 188.31M | 217.92M | 240.86M | 272.8M | 148.75M | 135.08M | 158.9M | 158.3M | 157.3M | 130.85M | 151.67M | 160.1M | 145.78M | 126.97M | 119.97M | 105.12M | 109.03M | 72M | 64.19M |
| Days Payables Outstanding | 18.98 | 20.86 | 23.35 | 26.45 | 22.08 | 25.55 | 26.57 | 28.08 | 28.39 | 26.65 | 25.83 | 27.07 | 25.24 | 23.86 | 22.28 | 21.48 | 21.59 | 20.7 | 17.36 | 16.1 |
| Short-Term Debt | 146.26M | 6.86M | 6.86M | 6.86M | 6.75M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.38M | 0 | 0 | 0 | 496.11M | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 32.17M | 0 | 0 | 0 | 33.69M | 0 | 0 | 0 | 28.78M | 0 | 0 | 0 | 13.21M | 0 |
| Other Current Liabilities | 539.84M | 526.68M | 554.09M | 25.2M | 0 | 0 | 41.04M | 42.05M | 0 | 41.99M | 160.53M | 48.88M | 50.41M | 51.54M | 127.25M | 61.99M | 105.5M | 26.82M | 214.8M | 27.32M |
| Current Ratio | 1.71x | 2.03x | 1.80x | 1.84x | 1.68x | 2.81x | 2.67x | 2.12x | 2.16x | 2.11x | 2.40x | 2.29x | 2.43x | 2.30x | 2.53x | 2.36x | 2.43x | 2.39x | 1.83x | 3.71x |
| Quick Ratio | 1.32x | 1.58x | 1.40x | 1.43x | 1.32x | 2.52x | 2.40x | 1.87x | 1.92x | 1.89x | 2.18x | 2.06x | 2.19x | 2.10x | 2.30x | 2.14x | 2.21x | 2.17x | 1.73x | 3.37x |
| Cash Conversion Cycle | 89.25 | 80.74 | 81.12 | 75.68 | 55.17 | 54.71 | 50.55 | 46.86 | 47.75 | 50.79 | 53.93 | 51.65 | 51.19 | 54.27 | 56.3 | 54.87 | 54.53 | 56.79 | 67.38 | 68.08 |
| Total Non-Current Liabilities | 2.84B | 3.03B | 3.06B | 3.19B | 3.3B | 2.43B | 2.42B | 1.17B | 1.18B | 1.19B | 1.19B | 1.2B | 1.2B | 1.2B | 1.25B | 1.19B | 1.22B | 1.22B | 1.32B | 1.22B |
| Long-Term Debt | 1.86B | 2.03B | 2.17B | 2.18B | 2.23B | 1.78B | 1.78B | 545.59M | 545.44M | 545.29M | 545.14M | 545M | 542.73M | 542.93M | 542.61M | 542.29M | 541.97M | 542.24M | 542M | 481M |
| Capital Lease Obligations | 0 | 0 | 110.12M | 0 | 0 | 0 | 59.73M | 0 | 0 | 0 | 41.04M | 0 | 0 | 0 | 27.35M | 0 | 0 | 0 | 37.86M | 16.4M |
| Deferred Tax Liabilities | 617.91M | 631.12M | 624M | 614.63M | 646.21M | 485.68M | 495.48M | 494.41M | 502.09M | 510.01M | 517.81M | 541.42M | 540.32M | 537.26M | 592.52M | 527.54M | 552.26M | 545.87M | 626.71M | 0 |
| Other Non-Current Liabilities | 369.01M | 377.53M | 130.12M | 386.04M | 422.6M | 166.77M | 70.28M | 131.34M | 135.41M | 137.39M | 78.96M | 112.82M | 113.16M | 116.94M | 84.42M | 118.83M | 128.11M | 128.58M | 110.9M | 724.68M |
| Total Liabilities | 3.71B | 3.76B | 3.88B | 4B | 4.19B | 2.87B | 2.86B | 1.63B | 1.62B | 1.66B | 1.61B | 1.63B | 1.61B | 1.67B | 1.64B | 1.59B | 1.6B | 1.62B | 2.18B | 1.49B |
| Total Debt | 2B | 2.03B | 2.32B | 2.19B | 2.24B | 1.78B | 1.86B | 545.59M | 545.44M | 545.29M | 599.95M | 545M | 542.73M | 542.93M | 582.34M | 542.29M | 541.97M | 542.24M | 1.08B | 497.4M |
| Net Debt | 1.8B | 1.79B | 2.1B | 2.03B | 2.07B | 1.39B | 1.64B | 341.96M | 351.81M | 331.19M | 342.78M | 324.39M | 383.06M | 313.75M | 313.96M | 353.63M | 339.76M | 308.04M | 140.09M | 126.85M |
| Debt / Equity | 0.76x | 0.75x | 0.82x | 0.76x | 0.73x | 0.60x | 0.64x | 0.19x | 0.19x | 0.20x | 0.22x | 0.20x | 0.20x | 0.20x | 0.21x | 0.20x | 0.20x | 0.20x | 0.37x | 0.17x |
| Debt / EBITDA | 11.90x | 9.00x | 10.96x | 42.79x | 11.21x | 9.42x | 8.96x | 2.67x | 2.53x | 2.51x | 3.19x | 2.24x | 2.00x | 2.31x | 3.49x | 4.42x | 7.65x | 9.40x | 38.65x | 18.27x |
| Net Debt / EBITDA | 10.69x | 7.91x | 9.90x | 39.55x | 10.34x | 7.35x | 7.91x | 1.67x | 1.63x | 1.52x | 1.82x | 1.33x | 1.41x | 1.33x | 1.88x | 2.88x | 4.80x | 5.34x | 5.03x | 4.66x |
| Interest Coverage | -0.48x | -2.27x | -1.22x | -3.55x | 2.57x | 4.43x | 8.22x | 29.23x | 28.46x | 29.65x | 27.02x | 32.44x | 51.76x | 30.75x | 17.77x | 5.39x | 0.56x | -8.63x | -16.21x | -12.48x |
| Total Equity | 2.63B | 2.7B | 2.83B | 2.87B | 3.05B | 2.95B | 2.92B | 2.86B | 2.8B | 2.76B | 2.77B | 2.71B | 2.76B | 2.75B | 2.77B | 2.73B | 2.73B | 2.78B | 2.91B | 3.01B |
| Equity Growth % | -13.84% | -8.3% | -3.01% | 0.35% | 8.89% | 6.78% | 5.24% | 5.49% | 1.72% | 0.53% | 0.23% | -0.9% | 0.78% | -1.13% | -5.05% | -9.15% | -11.33% | -13.9% | -12.23% | -11.43% |
| Book Value per Share | 26.33 | 27.22 | 28.45 | 28.85 | 30.71 | 29.72 | 29.47 | 28.85 | 28.30 | 27.70 | 27.75 | 26.67 | 26.41 | 25.87 | 26.07 | 25.77 | 25.94 | 25.81 | 26.99 | 27.88 |
| Total Shareholders' Equity | 2.53B | 2.6B | 2.72B | 2.76B | 2.93B | 2.95B | 2.92B | 2.86B | 2.8B | 2.76B | 2.77B | 2.71B | 2.76B | 2.75B | 2.77B | 2.73B | 2.73B | 2.78B | 2.91B | 3.01B |
| Common Stock | 11.22M | 11.22M | 11.22M | 11.22M | 11.22M | 11.22M | 11.22M | 11.22M | 11.22M | 11.22M | 11.22M | 11.22M | 11.22M | 11.22M | 11.22M | 11.22M | 11.22M | 11.22M | 11.22M | 11.22M |
| Retained Earnings | 2.41B | 2.5B | 2.62B | 2.7B | 2.89B | 2.91B | 2.88B | 2.83B | 2.79B | 2.74B | 2.71B | 2.66B | 2.61B | 2.49B | 2.47B | 2.45B | 2.46B | 2.5B | 2.57B | 2.68B |
| Treasury Stock | -445.25M | -447.76M | -463.54M | -464.07M | -464.9M | -473.18M | -489.39M | -489.39M | -489.52M | -494.19M | -464.38M | -464.38M | -361.16M | -261.3M | -235.53M | -235.65M | -235.79M | -224.96M | -181.64M | -181.64M |
| Accumulated OCI | 43.5M | 42.68M | 44.96M | 9.5M | 1.06M | -5.99M | -6.35M | -8.5M | -7.71M | -7.85M | -7.98M | -11.3M | -11.56M | -11.82M | -12.07M | -19.07M | -19.46M | -19.85M | -20.24M | -24.81M |
| Minority Interest | 101.08M | 99.27M | 104.55M | 102.77M | 117.29M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |