Helmerich Long Term Debt vs Retained Earnings Analysis

HP Stock

USD 34.63 0.23 0.66%

Helmerich financial indicator trend analysis is much more than just examining Helmerich and Payne latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Helmerich and Payne is a good investment. Please check the relationship between Helmerich Long Term Debt and its Retained Earnings accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Helmerich and Payne. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Long Term Debt vs Retained Earnings

Long Term Debt vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Helmerich and Payne Long Term Debt account and Retained Earnings. At this time, the significance of the direction appears to have no relationship.

The correlation between Helmerich's Long Term Debt and Retained Earnings is 0.09. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Helmerich and Payne, assuming nothing else is changed. The correlation between historical values of Helmerich's Long Term Debt and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Helmerich and Payne are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Long Term Debt i.e., Helmerich's Long Term Debt and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.09

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Long Term Debt

Long-term debt is a debt that Helmerich and Payne has held for over one year. Long-term debt appears on Helmerich and Payne balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Helmerich and Payne balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Most indicators from Helmerich's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Helmerich and Payne current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Helmerich and Payne. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

At this time, Helmerich's Selling General Administrative is relatively stable compared to the past year. As of 12/01/2024, Discontinued Operations is likely to grow to about 484.2 K, while Enterprise Value Over EBITDA is likely to drop 5.20.

	2021	2022	2023	2024 (projected)
Cost Of Revenue	1.8B	2.1B	2.0B	1.0B
EBITDA	425.8M	993.0M	849.3M	492.0M

Cost Of Revenue Ebitda

Helmerich fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock	Other Liab
Total Assets		-0.1	0.47	0.47	0.96	0.96	-0.33	0.97	0.49	0.99	-0.27	0.38	0.75	0.63	0.5	0.71	0.75	0.54	0.54	0.86	0.18	0.66	-0.11	0.77	0.76	0.49
Short Long Term Debt Total	-0.1		0.55	0.13	-0.27	-0.26	0.89	-0.25	0.02	-0.13	0.56	0.36	-0.28	-0.72	0.74	0.32	-0.46	-0.38	0.75	0.04	0.11	-0.12	0.56	0.37	0.38	0.21
Other Current Liab	0.47	0.55		0.38	0.36	0.38	0.29	0.36	0.38	0.43	0.1	0.52	0.24	-0.11	0.75	0.59	0.18	0.13	0.79	0.53	0.33	0.34	0.21	0.59	0.6	0.42
Total Current Liabilities	0.47	0.13	0.38		0.36	0.33	-0.07	0.34	0.47	0.38	-0.24	0.52	0.34	0.35	0.13	0.2	0.1	0.42	0.37	0.73	0.73	0.39	0.17	0.58	0.57	0.05
Total Stockholder Equity	0.96	-0.27	0.36	0.36		0.99	-0.47	1.0	0.45	0.97	-0.33	0.28	0.78	0.69	0.38	0.68	0.87	0.59	0.4	0.77	0.09	0.65	-0.18	0.64	0.63	0.42
Property Plant And Equipment Net	0.96	-0.26	0.38	0.33	0.99		-0.47	0.99	0.47	0.97	-0.37	0.3	0.75	0.7	0.4	0.7	0.86	0.61	0.41	0.77	0.11	0.63	-0.23	0.63	0.62	0.48
Net Debt	-0.33	0.89	0.29	-0.07	-0.47	-0.47		-0.44	-0.43	-0.32	0.66	-0.09	-0.23	-0.83	0.54	0.14	-0.52	-0.59	0.52	-0.32	-0.22	-0.05	0.74	0.19	0.21	-0.11
Retained Earnings	0.97	-0.25	0.36	0.34	1.0	0.99	-0.44		0.44	0.98	-0.29	0.28	0.78	0.66	0.4	0.69	0.86	0.55	0.42	0.77	0.06	0.66	-0.16	0.65	0.64	0.43
Cash	0.49	0.02	0.38	0.47	0.45	0.47	-0.43	0.44		0.39	-0.3	0.93	-0.1	0.42	0.2	0.28	0.16	0.56	0.29	0.78	0.71	-0.17	-0.49	0.3	0.29	0.62
Non Current Assets Total	0.99	-0.13	0.43	0.38	0.97	0.97	-0.32	0.98	0.39		-0.25	0.27	0.79	0.62	0.5	0.72	0.8	0.5	0.51	0.79	0.07	0.7	-0.09	0.74	0.73	0.45
Non Currrent Assets Other	-0.27	0.56	0.1	-0.24	-0.33	-0.37	0.66	-0.29	-0.3	-0.25		-0.07	-0.22	-0.73	0.38	-0.09	-0.31	-0.69	0.32	-0.3	-0.41	-0.15	0.62	0.0	0.02	-0.32
Cash And Short Term Investments	0.38	0.36	0.52	0.52	0.28	0.3	-0.09	0.28	0.93	0.27	-0.07		-0.22	0.13	0.4	0.32	-0.07	0.4	0.5	0.73	0.71	-0.23	-0.24	0.4	0.4	0.6
Net Receivables	0.75	-0.28	0.24	0.34	0.78	0.75	-0.23	0.78	-0.1	0.79	-0.22	-0.22		0.48	0.26	0.47	0.79	0.26	0.3	0.45	-0.14	0.96	0.18	0.54	0.54	-0.05
Common Stock Shares Outstanding	0.63	-0.72	-0.11	0.35	0.69	0.7	-0.83	0.66	0.42	0.62	-0.73	0.13	0.48		-0.3	0.22	0.63	0.82	-0.25	0.56	0.26	0.31	-0.56	0.25	0.23	0.28
Non Current Liabilities Total	0.5	0.74	0.75	0.13	0.38	0.4	0.54	0.4	0.2	0.5	0.38	0.4	0.26	-0.3		0.69	0.18	-0.11	0.97	0.41	-0.01	0.33	0.36	0.67	0.68	0.45
Inventory	0.71	0.32	0.59	0.2	0.68	0.7	0.14	0.69	0.28	0.72	-0.09	0.32	0.47	0.22	0.69		0.51	0.42	0.68	0.56	-0.04	0.43	0.17	0.72	0.73	0.67
Other Current Assets	0.75	-0.46	0.18	0.1	0.87	0.86	-0.52	0.86	0.16	0.8	-0.31	-0.07	0.79	0.63	0.18	0.51		0.47	0.17	0.42	-0.07	0.61	-0.19	0.29	0.28	0.13
Other Stockholder Equity	0.54	-0.38	0.13	0.42	0.59	0.61	-0.59	0.55	0.56	0.5	-0.69	0.4	0.26	0.82	-0.11	0.42	0.47		-0.02	0.59	0.42	0.1	-0.47	0.35	0.34	0.44
Total Liab	0.54	0.75	0.79	0.37	0.4	0.41	0.52	0.42	0.29	0.51	0.32	0.5	0.3	-0.25	0.97	0.68	0.17	-0.02		0.53	0.18	0.38	0.41	0.74	0.75	0.4
Total Current Assets	0.86	0.04	0.53	0.73	0.77	0.77	-0.32	0.77	0.78	0.79	-0.3	0.73	0.45	0.56	0.41	0.56	0.42	0.59	0.53		0.55	0.42	-0.17	0.75	0.74	0.55
Short Term Debt	0.18	0.11	0.33	0.73	0.09	0.11	-0.22	0.06	0.71	0.07	-0.41	0.71	-0.14	0.26	-0.01	-0.04	-0.07	0.42	0.18	0.55		-0.13	-0.26	0.14	0.14	0.19
Accounts Payable	0.66	-0.12	0.34	0.39	0.65	0.63	-0.05	0.66	-0.17	0.7	-0.15	-0.23	0.96	0.31	0.33	0.43	0.61	0.1	0.38	0.42	-0.13		0.29	0.58	0.57	-0.06
Property Plant And Equipment Gross	-0.11	0.56	0.21	0.17	-0.18	-0.23	0.74	-0.16	-0.49	-0.09	0.62	-0.24	0.18	-0.56	0.36	0.17	-0.19	-0.47	0.41	-0.17	-0.26	0.29		0.36	0.37	-0.43
Common Stock Total Equity	0.77	0.37	0.59	0.58	0.64	0.63	0.19	0.65	0.3	0.74	0.0	0.4	0.54	0.25	0.67	0.72	0.29	0.35	0.74	0.75	0.14	0.58	0.36		1.0	0.41
Common Stock	0.76	0.38	0.6	0.57	0.63	0.62	0.21	0.64	0.29	0.73	0.02	0.4	0.54	0.23	0.68	0.73	0.28	0.34	0.75	0.74	0.14	0.57	0.37	1.0		0.41
Other Liab	0.49	0.21	0.42	0.05	0.42	0.48	-0.11	0.43	0.62	0.45	-0.32	0.6	-0.05	0.28	0.45	0.67	0.13	0.44	0.4	0.55	0.19	-0.06	-0.43	0.41	0.41

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Helmerich Account Relationship Matchups

Helmerich fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	4.8B	5.0B	4.4B	4.4B	5.8B	3.2B
Short Long Term Debt Total	492.1M	1.0B	555.0M	600.0M	1.9B	2.0B
Other Current Liab	156.3M	258.8M	159.1M	183.6M	294.9M	309.6M
Total Current Liabilities	219.1M	866.3M	394.8M	418.9M	446.9M	235.5M
Total Stockholder Equity	3.3B	2.9B	2.8B	2.8B	2.9B	2.1B
Property Plant And Equipment Net	3.6B	3.2B	3.0B	3.0B	3.1B	2.3B
Net Debt	(7.2M)	107.9M	322.9M	342.8M	1.6B	1.7B
Retained Earnings	3.0B	2.6B	2.5B	2.7B	2.9B	2.0B
Cash	487.9M	917.5M	232.1M	257.2M	217.3M	224.6M
Non Current Assets Total	3.9B	3.4B	3.4B	3.4B	4.6B	2.6B
Non Currrent Assets Other	188.4M	(547.3M)	(516.8M)	32.1M	1.3B	1.4B
Cash And Short Term Investments	577.2M	1.1B	349.2M	350.8M	510.3M	535.8M
Net Receivables	195.0M	233.4M	437.3M	409.7M	423.1M	271.2M
Common Stock Shares Outstanding	108.0M	107.8M	106.6M	102.9M	99.1M	91.2M
Liabilities And Stockholders Equity	4.8B	5.0B	4.4B	4.4B	5.8B	3.2B
Non Current Liabilities Total	1.3B	1.3B	1.2B	1.2B	2.4B	2.5B
Inventory	104.2M	84.1M	88.0M	94.2M	117.9M	123.8M
Other Current Assets	386.1M	152.9M	128.5M	152.0M	140.8M	246.9M
Other Stockholder Equity	323.5M	348.3M	292.8M	61.0M	28.7M	27.3M
Total Liab	1.5B	2.1B	1.6B	1.6B	2.9B	3.0B
Total Current Assets	963.3M	1.6B	1.0B	1.0B	1.2B	643.0M
Short Term Debt	11.4M	496.1M	12.4M	13.8M	17.0M	16.1M
Accounts Payable	36.5M	72.0M	127.0M	130.9M	135.1M	84.7M
Property Plant And Equipment Gross	3.7B	3.2B	3.0B	7.6B	8.7B	9.2B
Accumulated Other Comprehensive Income	(26.2M)	(20.2M)	(12.1M)	(8.0M)	(6.4M)	(6.7M)
Common Stock Total Equity	11.2M	11.2M	11.2M	11.2M	12.9M	10.3M
Common Stock	11.2M	11.2M	11.2M	11.2M	12.9M	10.4M
Other Liab	777.4M	713.2M	625.3M	604.9M	695.6M	446.7M
Other Assets	17.1M	16.2M	20.9M	32.1M	36.9M	38.7M
Long Term Debt	480.7M	542.0M	542.6M	545.1M	626.9M	356.9M
Treasury Stock	(173.2M)	(195.0M)	(198.2M)	(181.6M)	(163.5M)	(155.3M)
Property Plant Equipment	3.6B	3.2B	3.0B	3.0B	3.4B	3.4B
Short Term Investments	89.3M	198.7M	117.1M	93.6M	292.9M	307.6M
Net Tangible Assets	3.3B	2.8B	2.8B	2.7B	2.4B	3.0B
Retained Earnings Total Equity	3.7B	3.0B	2.6B	2.5B	2.8B	3.5B
Long Term Debt Total	480.7M	542.0M	542.6M	545.1M	626.9M	459.7M
Capital Surpluse	521.6M	529.9M	528.3M	525.4M	604.2M	438.1M
Deferred Long Term Liab	806.6M	650.7M	563.4M	537.7M	483.9M	699.5M
Long Term Investments	31.6M	135.4M	219.0M	264.9M	238.5M	162.7M

Pair Trading with Helmerich

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Helmerich position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Helmerich will appreciate offsetting losses from the drop in the long position's value.

Moving together with Helmerich Stock

0.88

NBR

Nabors Industries

Pair Corr

Moving against Helmerich Stock

0.64	EC	Ecopetrol SA ADR Sell-off Trend	Pair Corr
0.57	BORR	Borr Drilling	Pair Corr
0.5	ICDI	Independence Contract	Pair Corr
0.43	DINO	HF Sinclair Corp	Pair Corr
0.41	BP	BP PLC ADR	Pair Corr

The ability to find closely correlated positions to Helmerich could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Helmerich when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Helmerich - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Helmerich and Payne to buy it.

The correlation of Helmerich is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Helmerich moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Helmerich and Payne moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Helmerich can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Helmerich Stock Analysis

When running Helmerich's price analysis, check to measure Helmerich's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Helmerich is operating at the current time. Most of Helmerich's value examination focuses on studying past and present price action to predict the probability of Helmerich's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Helmerich's price. Additionally, you may evaluate how the addition of Helmerich to your portfolios can decrease your overall portfolio volatility.

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