Is it safe?
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.
$1.63B
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 barely covers 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
- −7.4%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Oil & Gas Drilling
Ranks #7 of 9 by Smart Score