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
DateValue
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