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% on a QoQ basis from 2.34 in Q4 2025.
Helmerich & Payne (HP) has 18 years of Interest Coverage Ratio data on file, last reported at 1.43 in Q1 2026.
- Quarterly Interest Coverage Ratio fell 196.13% year-over-year to 1.43 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 2.09 (down 141.89% YoY) and the FY2025 annual result came in at 0.03, down 99.8% from the prior year.
- Interest Coverage Ratio improved to 1.43 in Q1 2026 per HP's latest filing, from 2.34 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 41.33 in Q1 2023 and bottomed at 5.15 in Q1 2022.
- The 5-year median for Interest Coverage Ratio is 7.71 (2022), against an average of 13.92.
- The widest annual swing landed in 2023, when Interest Coverage Ratio jumped 902.26%; it then slumped 196.13% in 2026.
- Tracing HP's Interest Coverage Ratio over 5 years: stood at 33.12 in 2022, then retreated by 14.72% to 28.24 in 2023, then sank by 85.57% to 4.08 in 2024, then sank by 157.4% to 2.34 in 2025, then surged by 38.87% to 1.43 in 2026.
- Per Business Quant, the three latest HP Interest Coverage Ratio figures stand at 1.43 (Q1 2026), 2.34 (Q4 2025), and 0.05 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 157.47 Bn | 157.41 Bn | 120.82 Mn | 10.03 |
| 2 | Noble | 8.34 Bn | 7.67 Bn | 755.58 Mn | 5.56 |
| 3 | Transocean | 7.55 Bn | 6.94 Bn | 475.00 Mn | 1.04 |
| 4 | Patterson Uti Energy | 4.63 Bn | 4.30 Bn | 535.85 Mn | -0.82 |
| 5 | Helmerich & Payne | 3.96 Bn | 3.86 Bn | 907.56 Mn | -1.43 |
| 6 | Seadrill | 3.20 Bn | 2.87 Bn | 177.00 Mn | 1.60 |
| 7 | Sable Offshore | 2.10 Bn | 2.05 Bn | -66.76 Mn | -3.43 |
| 8 | Nabors Industries | 1.49 Bn | 1.37 Bn | 290.08 Mn | -10.86 |
| 9 | Borr Drilling | 1.48 Bn | 1.10 Bn | - | -1.19 |
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 |
| Mar 31, 2021 | -27.94 |
| Dec 31, 2020 | -15.19 |
| Sep 30, 2020 | -12.26 |
| Jun 30, 2020 | -9.40 |
| Mar 31, 2020 | -85.08 |
| Dec 31, 2019 | 5.14 |
| Sep 30, 2019 | 4.85 |
| Jun 30, 2019 | -26.83 |
| Mar 31, 2019 | 15.43 |
| Dec 31, 2018 | 11.50 |
| Sep 30, 2018 | 3.74 |
| Jun 30, 2018 | 1.05 |
| Mar 31, 2018 | -0.19 |
| Dec 31, 2017 | 0.63 |
| Sep 30, 2017 | -13.23 |
| Jun 30, 2017 | -4.40 |
| Mar 31, 2017 | -10.79 |
| Dec 31, 2016 | -9.73 |
| Sep 30, 2016 | -14.85 |
| Jun 30, 2016 | -2.07 |
| Mar 31, 2016 | 7.28 |
| Dec 31, 2015 | 8.55 |
| Sep 30, 2015 | -4.35 |
| Jun 30, 2015 | 22.01 |
| Mar 31, 2015 | 88.97 |
| Dec 31, 2014 | 559.95 |
| Sep 30, 2014 | 869.64 |
| Jun 30, 2014 | 189.49 |
| Mar 31, 2014 | 148.02 |
| Dec 31, 2013 | 221.13 |
| Sep 30, 2013 | 157.53 |
| Jun 30, 2013 | 114.76 |
| Mar 31, 2013 | 196.39 |
| Dec 31, 2012 | 183.90 |
| Sep 30, 2012 | 176.01 |
| Jun 30, 2012 | 96.50 |
| Mar 31, 2012 | 85.51 |
| Dec 31, 2011 | 93.68 |
| Sep 30, 2011 | 46.31 |
| Jun 30, 2011 | 54.15 |
| Mar 31, 2011 | 29.80 |
| Dec 31, 2010 | 38.36 |
| Sep 30, 2010 | 29.84 |
| Jun 30, 2010 | 28.14 |
| Mar 31, 2010 | 25.19 |
| Dec 31, 2009 | 22.45 |
| Sep 30, 2009 | 20.36 |
| Jun 30, 2009 | 36.69 |
| Mar 31, 2009 | 71.78 |