HPHelmerich & Payne, Inc.
Is it safe?
Forensics clean, with a caveat: a safe balance sheet, but big price swings.
Financially healthy, low distress risk Altman Z-score, a bankruptcy-risk model from five balance-sheet ratios.
Insiders were net sellers (-$5.7M, 90 days to Oct 8, 2026), selling is often routine.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -82% · now 16% below its 52-week high.
Unless marked, from SEC EDGAR, as of Sep 30, 2025.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can HP take a bad year?
Helmerich & Payne, Inc. carries $1.63B of net debt at 1.98× EBITDA: a load its earnings can carry.
Net debt · as at Q3 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.98×
Net debt / EBITDA · 3.08× a year ago · the load is coming down
- Altman Z-score
- 1.75
Altman Z-score · distress zone, below 1.8
- Interest cover
- 0.87×
Interest cover · operating profit does not cover the interest bill
Details›
- Total debtQ3 2026
- $1.86B
- Cash and short-term investments
- $231M
- Net debt
- $1.63B
- EBITDA, trailing twelve months
- $822M
- Operating profit, trailing twelve months
- $90M
- Debt / equity
- 0.70×
- Total debt / EBITDA
- 2.26×
- Annualised volatilitytwo years of daily moves
- 50%
- Worst drawdown on file
- −82%
- Below its 52-week high
- 16%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.