Helmerich & Payne (HP) Interest Coverage Ratio (2009 - 2026)
Helmerich & Payne (HP) reported Interest Coverage Ratio of 1.43 for Q1 2026, down 196.13% year-over-year from 1.49 in Q1 2025, and up 38.87% quarter-over-quarter from 2.34 in Q4 2025.
Helmerich & Payne (HP) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
Helmerich & Payne (HP) has 18 years of Interest Coverage Ratio data on file, last reported at 1.43 in Q1 2026.
- Interest Coverage Ratio for Q1 2026 came in at 1.43, down 196.13% year-over-year; the trailing twelve-month figure through Mar 2026 was 2.09 (down 141.89% YoY), and the FY2025 annual result was 0.03, down 99.8% from the prior year.
- Interest Coverage Ratio climbed to 1.43 in Q1 2026 per HP's latest filing, from 2.34 in the prior quarter.
- Over five years, Interest Coverage Ratio peaked at 41.33 in Q1 2023 and troughed at 5.15 in Q1 2022.
- A 5-year average of 13.92 and a median of 7.71 in 2022 frame the typical range for Interest Coverage Ratio.
- The sharpest annual moves came in 2023 and 2026: Interest Coverage Ratio soared 902.26% in 2023, then plunged 196.13% in 2026.
- A 5-year view of Interest Coverage Ratio shows it stood at 33.12 in 2022, then slipped by 14.72% to 28.24 in 2023, then tumbled by 85.57% to 4.08 in 2024, then tumbled by 157.4% to 2.34 in 2025, then jumped by 38.87% to 1.43 in 2026.
- Business Quant data shows HP's Interest Coverage Ratio at 1.43 in Q1 2026, 2.34 in Q4 2025, and 0.05 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 156.90 Bn | 156.84 Bn | 120.82 Mn | 10.03 |
| 2 | Noble | 7.48 Bn | 6.81 Bn | 755.58 Mn | 5.56 |
| 3 | Transocean | 6.71 Bn | 6.09 Bn | 475.00 Mn | 1.04 |
| 4 | Patterson Uti Energy | 4.36 Bn | 4.03 Bn | 535.85 Mn | -0.82 |
| 5 | Helmerich & Payne | 3.92 Bn | 3.82 Bn | 907.56 Mn | -1.43 |
| 6 | Seadrill | 2.75 Bn | 2.42 Bn | 177.00 Mn | 1.60 |
| 7 | Sable Offshore | 1.56 Bn | 1.51 Bn | -66.76 Mn | -3.43 |
| 8 | Nabors Industries | 1.45 Bn | 1.33 Bn | 290.08 Mn | -10.86 |
| 9 | Borr Drilling | 1.40 Bn | 1.16 Bn | - | -0.73 |
| 10 | Valaris | 492.40 Mn | -85.40 Mn | 92.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.43 |
| Dec 31, 2025 | -2.34 |
| Sep 30, 2025 | -0.05 |
| Jun 30, 2025 | -4.39 |
| Mar 31, 2025 | 1.49 |
| Dec 31, 2024 | 4.08 |
| Sep 30, 2024 | 6.67 |
| Jun 30, 2024 | 26.17 |
| Mar 31, 2024 | 26.09 |
| Dec 31, 2023 | 28.24 |
| Sep 30, 2023 | 22.94 |
| Jun 30, 2023 | 34.40 |
| Mar 31, 2023 | 41.33 |
| Dec 31, 2022 | 33.12 |
| Sep 30, 2022 | 17.75 |
| Jun 30, 2022 | 7.71 |
| Mar 31, 2022 | -5.15 |
| Dec 31, 2021 | -6.97 |
| Sep 30, 2021 | -15.92 |
| Jun 30, 2021 | -12.97 |