Helmerich & Payne (HP) Interest Coverage Ratio (2009 - 2026)
Helmerich & Payne (HP) posted quarterly Interest Coverage Ratio of 0.0 for Q1 2026, down 100.1% year-over-year from 1.02 in Q1 2025, and up 99.94% quarter-over-quarter from 1.64 in Q4 2025.
Helmerich & Payne (HP) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
Helmerich & Payne (HP) has reported Interest Coverage Ratio for 18 consecutive years, with 0.0 the latest figure, recorded in Q1 2026.
- In Q1 2026, Interest Coverage Ratio fell 100.1% year-over-year to 0.0; the TTM figure through Mar 2026 stood at 0.01 (down 100.07% YoY), while the FY2025 annual figure was 0.03, down 99.78% from the prior year.
- Interest Coverage Ratio grew to 0.0 in Q1 2026 per HP's latest filing, from 1.64 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 27.38 in Q1 2023 and bottomed at 3.53 in Q1 2022.
- Historically, Interest Coverage Ratio has averaged 8.97 across 5 years, with a median of 5.27 in 2022.
- Annual changes were most pronounced in 2023 — Interest Coverage Ratio soared 874.66% — and 2025, when it sank 140.35%.
- Helmerich & Payne's Interest Coverage Ratio stood at 22.53 in 2022, then retreated by 14.39% to 19.29 in 2023, then slumped by 78.87% to 4.08 in 2024, then tumbled by 140.35% to 1.64 in 2025, then jumped by 99.94% to 0.0 in 2026.
- Business Quant data shows HP's Interest Coverage Ratio at 0.0 in Q1 2026, 1.64 in Q4 2025, and 0.05 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.46 Bn | 7.01 Bn | 273.38 Mn | 0.84 |
| 2 | Transocean | 6.71 Bn | 5.91 Bn | 358.00 Mn | -7.60 |
| 3 | Patterson Uti Energy | 4.63 Bn | 4.43 Bn | 597.25 Mn | -0.34 |
| 4 | Helmerich & Payne | 4.39 Bn | 4.16 Bn | 349.94 Mn | 7.70 |
| 5 | Seadrill | 2.96 Bn | 2.60 Bn | 234.00 Mn | 4.50 |
| 6 | Borr Drilling | 1.36 Bn | 1.14 Bn | - | 0.00 |
| 7 | Nabors Industries | 1.30 Bn | 792.72 Mn | 309.38 Mn | -11.54 |
| 8 | Precision Drilling | 1.15 Bn | 1.10 Bn | 89.29 Mn | 7.89 |
| 9 | Valaris | 886.35 Mn | 345.15 Mn | 123.70 Mn | - |
| 10 | Sable Offshore | 777.33 Mn | 755.73 Mn | - | -1.55 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.01 |
| Mar 31, 2026 | 0.00 |
| Dec 31, 2025 | -1.64 |
| Sep 30, 2025 | -0.05 |
| Jun 30, 2025 | -0.82 |
| Mar 31, 2025 | 1.02 |
| Dec 31, 2024 | 4.08 |
| Sep 30, 2024 | 5.14 |
| Jun 30, 2024 | 17.73 |
| Mar 31, 2024 | 17.37 |
| Dec 31, 2023 | 19.29 |
| Sep 30, 2023 | 7.77 |
| Jun 30, 2023 | 23.24 |
| Mar 31, 2023 | 27.38 |
| Dec 31, 2022 | 22.53 |
| Sep 30, 2022 | 7.74 |
| Jun 30, 2022 | 5.27 |
| Mar 31, 2022 | -3.53 |
| Dec 31, 2021 | -6.66 |
| Sep 30, 2021 | -9.15 |