Can Helmerich & Payne cover its short-term obligations?

Its current ratio is 1.71 — current assets exceed current liabilities.

Where does Helmerich & Payne's balance sheet data come from?

Every line is extracted from Helmerich & Payne's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Helmerich & Payne HP Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Cash and cash equivalents	$225.9M-85.2%	$1.53B+383%	$316.24M+17.6%	$269.01M-71.3%
Short-term investments	$21.5M-92.7%	$292.92M+213%	$93.6M-20.1%	$117.1M-41.1%
Restricted cash	$27.41M-60.2%	$68.9M+16.7%	$59.06M+63.0%	$36.25M+97.5%
Accounts receivable, net	$782.64M+87.0%	$418.6M+3.6%	$404.19M-11.9%	$458.71M+100%
Inventories	$324.33M+175%	$117.88M+25.1%	$94.23M+7.1%	$87.96M+4.6%
Prepaid expenses and other current assets	$97.52M+27.6%	$76.42M-21.8%	$97.73M+47.0%	$66.46M-1.6%
Assets held for sale	$15.23M—	$0-100%	$645K-85.1%	$4.33M-93.9%
Total current assets	$1.47B+22.9%	$1.19B+18.4%	$1.01B+0.4%	$1B-36.8%
Property and equipment, net	$4.31B+43.0%	$3.02B+3.2%	$2.92B-1.3%	$2.96B-5.3%
Accumulated depreciation	$5.27B+9.2%	$4.82B+4.3%	$4.63B+2.4%	$4.52B+6.9%
Operating lease right-of-use assets	$123.6M+84.3%	$67.08M+33.1%	$50.4M+29.0%	$39.06M-20.6%
Goodwill	$182.85M+301%	$45.65M0.0%	$45.65M0.0%	$45.65M0.0%
Intangible assets, net	$482.25M+791%	$54.15M-10.6%	$60.58M-9.8%	$67.15M-9.1%
Deferred tax assets	$624M+25.9%	$495.48M-4.3%	$517.81M-3.7%	$537.71M-4.6%
Other non-current assets	$67M+5.2%	$63.69M+98.7%	$32.06M+53.2%	$20.93M+29.5%
Equity method investments	$68.2M-32.2%	$100.57M-62.0%	$264.95M+21.0%	$218.98M+61.7%
Total investment securities	$47.34M—	——	$239.15M—	——
Total noncurrent assets	$858.99M-41.7%	$1.47B+681%	$188.69M+9.2%	$172.8M-6.5%
Total assets	$6.71B+16.0%	$5.78B+31.9%	$4.38B+0.6%	$4.36B-13.5%
Accounts payable	$217.92M+61.3%	$135.08M+3.2%	$130.85M+3.1%	$126.97M+76.4%
Accrued expenses	$564.86M+96.9%	$286.84M+9.1%	$262.89M+9.0%	$241.15M-14.9%
Deferred revenue	——	——	——	——
Current portion of long-term debt	$6.86M—	$0—	——	$0-100%
Contract liabilities	$81.21M+180%	$29.05M+0.6%	$28.88M+39.9%	$20.65M+122%
Dividends payable	$25.2M+0.7%	$25.02M-0.7%	$25.19M-5.6%	$26.69M-2.3%
Total current liabilities	$814.84M+82.3%	$446.95M+6.7%	$418.93M+6.1%	$394.81M-54.4%
Long-term debt	$2.06B+15.4%	$1.78B+227%	$545.14M+0.5%	$542.61M+0.1%
Other non-current liabilities	$270.62M+103%	$133.61M+4.3%	$128.13M+11.5%	$114.93M-22.2%
Total noncurrent liabilities	$3.06B+26.6%	$2.42B+103%	$1.19B-0.3%	$1.2B-4.8%
Preferred stock	$0—	$0—	$0—	$0—
Common stock	160M+1,326%	11.2M0.0%	11.2M0.0%	11.2M0.0%
Additional paid-in capital	$513.05M-1.0%	$518.08M-1.4%	$525.37M-0.6%	$528.28M-0.3%
Retained earnings	$2.62B-9.2%	$2.88B+6.5%	$2.71B+9.5%	$2.47B-3.9%
Accumulated other comprehensive income (loss)	$44.96M+808%	-$6.35M+20.4%	-$7.98M+33.9%	-$12.07M+40.4%
Treasury stock	$463.54M-5.3%	$489.39M+5.4%	$464.38M+97.2%	$235.53M+29.7%
Noncontrolling interests	$104.55M—	$0—	——	——
Total stockholders' equity	$2.83B-3.0%	$2.92B+5.2%	$2.77B+0.2%	$2.77B-5.1%
Total liabilities and stockholders' equity	$6.71B+16.0%	$5.78B+31.9%	$4.38B+0.6%	$4.36B-13.5%
Allowance for Doubtful Accounts	$19.65M-99.3%	$2.98B+110,651%	$2.69M-9.6%	$2.98M+43.9%
Allowance for Doubtful Accounts Receivable (Current)	$19.65M-99.3%	$2.98B+110,651%	$2.69M-9.6%	$2.98M+43.9%
Capitalized Contract Costs, Net	$34.8M+81.3%	$19.2M+68.4%	$11.4M+81.0%	$6.3M+46.5%
Deferred Tax Assets and Other Non-Current Assets	$67M+5.2%	$63.69M+98.7%	$32.06M+53.2%	$20.93M+29.5%
Disposal Group - Property, Plant, and Equipment (Non-Current)	——	——	——	——
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)	——	——	——	——
Finite Lived Intangible Assets - Gross	$561.44M+479%	$96.96M0.0%	$96.96M-4.0%	$100.96M+0.5%
Net Investment in Lease	$123.6M+84.3%	$67.08M+33.1%	$50.4M+29.0%	$39.06M-20.6%
Intangible assets — net	$482.25M+791%	$54.15M-10.6%	$60.58M-9.8%	$67.15M-9.1%
Other intangible assets—net	$485.54M+797%	$54.15M-10.6%	$60.58M-9.8%	$67.15M-9.1%
Investments	$68.2M-32.2%	$100.57M-62.0%	$264.95M+21.0%	$218.98M+61.7%
Operating lease right-of-use assets	$123.6M+84.3%	$67.08M+33.1%	$50.4M+29.0%	$39.06M-20.6%
Other non-current assets	$67M+5.2%	$63.69M+98.7%	$32.06M+53.2%	$20.93M+29.5%
Property, plant and equipment at cost	$9.58B+22.2%	$7.84B+3.9%	$7.55B+1.0%	$7.48B+1.7%
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)	$21.5M-92.7%	$292.92M+213%	$93.6M-20.1%	$117.1M-41.1%
Operating Lease Right-of-Use Assets in Other Assets	$123.6M+84.3%	$67.08M+33.1%	$50.4M+29.0%	$39.06M-20.6%
Software and Technology Licenses, Net	$67M+5.2%	$63.69M+98.7%	$32.06M+53.2%	$20.93M+29.5%
Other Commercial Liabilities	$564.86M+96.9%	$286.84M+9.1%	$262.89M+9.0%	$241.15M-14.9%
Accrued Liabilities, Current	$564.86M+96.9%	$286.84M+9.1%	$262.89M+9.0%	$241.15M-14.9%
Debt Maturity - 2024	——	——	——	——
Debt Maturity - 2027	——	——	——	——
Debt - Unamortized Discount (Premium) and Issuance Costs, Net	$18.94M+6.3%	$17.82M—	——	$7.39M-36.6%
Defined Benefit Pension Plan Liabilities (Non-Current)	$109.86M+1,584%	$6.52M—	——	——
Retirement and nonpension postretirement benefit obligations	$109.86M+1,584%	$6.52M—	——	——
Total debt	$2.1B+13.0%	$1.86B+233%	$558.92M+0.7%	$554.99M-46.5%
Total Carrying Value of Debt	$2.08B+15.7%	$1.8B—	——	$550M-47.0%
Unrecognized Tax Benefits	——	——	——	——
Common Stock Par Value Per Share	$0.100.0%	$0.100.0%	$0.100.0%	$0.100.0%
Common Stock Shares Issued	112.2M0.0%	112.2M0.0%	112.2M0.0%	112.2M0.0%
Convertible Preferred Stock Authorized Shares	1M0.0%	1M0.0%	1M0.0%	1M0.0%
Convertible Preferred Stock Issued Shares	0—	0—	0—	0—
Additional paid-in capital	$513.05M-1.0%	$518.08M-1.4%	$525.37M-0.6%	$528.28M-0.3%
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$11.22M0.0%	$11.22M0.0%	$11.22M0.0%	$11.22M0.0%
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding	$0—	$0—	$0—	$0—
Share Repurchase Authorization Limit	——	——	——	——
Cumulative Cost Basis	$9.58B+22.2%	$7.84B+3.9%	$7.55B+1.0%	$7.48B+1.7%
Allowance for doubtful accounts	$19.65M-99.3%	$2.98B+110,651%	$2.69M-9.6%	$2.98M+43.9%
Capitalized Contract Cost, Net	$34.8M+81.3%	$19.2M+68.4%	$11.4M+81.0%	$6.3M+46.5%
Common stock, par value (in dollars per share)	$0.10.0%	$0.10.0%	$0.10.0%	$0.10.0%
Common stock, shares authorized (in shares)	$160M0.0%	$160M0.0%	$160M0.0%	$160M0.0%
Common stock, shares issued (in shares)	$112.22M0.0%	$112.22M0.0%	$112.22M0.0%	$112.22M0.0%
Common Stock, Shares, Outstanding	$99.45M+0.7%	$98.76M-0.7%	$99.43M-5.6%	$105.29M-2.4%
Contract with Customer, Asset, after Allowance for Credit Loss	$10.97M+140%	$4.56M-30.4%	$6.56M+3.8%	$6.32M+40.0%
Contract with Customer, Liability	$81.21M+180%	$29.05M+0.6%	$28.88M+39.9%	$20.65M+122%
Convertible Notes Payable	——	——	——	——
Long-term debt, gross	$2.08B+15.7%	$1.8B—	——	$550M-47.0%
Debt Instrument, Unamortized Discount (Premium) And Debt Issuance Costs, Net, Noncurrent	$18.94M+6.3%	$17.82M+267%	$4.86M-34.3%	$7.39M-7.7%
Debt Instrument, Unamortized Discount (Premium) And Debt Issuance Costs, Net, Current	$0—	$0—	——	$0-100%
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	$18.94M+6.3%	$17.82M—	——	$7.39M-36.6%
Deferred income taxes	$624M+25.9%	$495.48M-4.3%	$517.81M-3.7%	$537.71M-4.6%
Property, plant and equipment — net	——	——	——	——
Finite-Lived Intangible Assets, Accumulated Amortization	$93.26M+118%	$42.81M+17.7%	$36.39M+7.6%	$33.81M+27.0%
2028	——	——	——	——
2030	——	——	——	——
Remainder of 2026	——	——	——	——
2027	——	——	——	——
2029	——	——	——	——
Foreign Currency Translation Adjustment	$14.07M—	——	——	——
Gross Carrying Amount	$561.44M+479%	$96.96M0.0%	$96.96M-4.0%	$100.96M+0.5%
Investment shares	——	——	——	——
Investments Fair Value Disclosure	$47.34M—	——	$239.15M—	——
Long-Term Debt, Current Maturities, Gross	$6.86M—	$0—	——	$0—
Face Amount	$2.08B+15.3%	$1.8B+227%	$550M0.0%	$550M0.0%
2028	——	——	——	——
2029	——	——	——	——
2030	——	——	——	——
2027	——	——	——	——
Remainder of 2026	——	——	——	——
Thereafter	——	——	——	——
Noncontrolling interests in subsidiaries	$104.55M—	$0—	——	——
Preferred Stock, Shares Authorized	$1M0.0%	$1M0.0%	$1M0.0%	$1M0.0%
Preferred Stock, Shares Issued	$0—	$0—	$0—	$0—
Purchase Obligation	——	——	——	——
Additional cash and cash equivalents restricted at the election of management for potential insurance claims	$27.4M-60.2%	$68.9M+18.0%	$58.4M+63.1%	$35.8M+102%
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied	——	——	——	——
Revolving commitments under amended credit facility expire	——	$775M—	——	——
Total	$21.3M-92.7%	$292.92M+213%	$93.6M—	——
Treasury stock, shares (in shares)	$12.78M-5.1%	$13.47M+5.2%	$12.8M+84.7%	$6.93M+60.2%
Unrecognized tax benefits	——	——	——	——
Purchase Obligation	——	——	——	——
Remainder of Fiscal Year 2024	——	——	——	——
Remainder of Fiscal Year 2025	——	——	——	——

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Questions, answered.

Can Helmerich & Payne cover its short-term obligations?: Its current ratio is 1.71 — current assets exceed current liabilities.
Where does Helmerich & Payne's balance sheet data come from?: Every line is extracted from Helmerich & Payne's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.