Helmerich Other Operating Expenses vs Net Interest Income Analysis
HP Stock | USD 38.21 0.13 0.34% |
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 Other Operating Expenses and its Net Interest Income 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 tightly coupled with the direction of predictive economic indicators such as signals in american community survey.
Other Operating Expenses vs Net Interest Income
Other Operating Expenses vs Net Interest Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Helmerich and Payne Other Operating Expenses account and Net Interest Income. At this time, the significance of the direction appears to have weak relationship.
The correlation between Helmerich's Other Operating Expenses and Net Interest Income is 0.36. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Net Interest Income 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 Other Operating Expenses and Net Interest Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of Helmerich and Payne are associated (or correlated) with its Net Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Interest Income has no effect on the direction of Other Operating Expenses i.e., Helmerich's Other Operating Expenses and Net Interest Income go up and down completely randomly.
Correlation Coefficient | 0.36 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Helmerich and Payne. It is also known as Helmerich overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.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 tightly coupled with the direction of predictive economic indicators such as signals in american community survey. As of 05/17/2024, Selling General Administrative is likely to grow to about 249.5 M. Also, Discontinued Operations is likely to grow to about 484.2 K
2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 1.8B | 2.1B | 2.4B | 2.5B | EBITDA | 425.8M | 953.6M | 1.1B | 1.2B |
Helmerich fundamental ratios Correlations
Click cells to compare fundamentals
Helmerich Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Helmerich fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.8B | 5.0B | 4.4B | 4.4B | 5.0B | 3.1B | |
Short Long Term Debt Total | 480.7M | 1.0B | 555.0M | 600.0M | 689.9M | 724.4M | |
Other Current Liab | 156.3M | 297.6M | 226.7M | 240.6M | 276.7M | 290.5M | |
Total Current Liabilities | 219.1M | 866.3M | 394.8M | 418.9M | 481.8M | 505.9M | |
Total Stockholder Equity | 3.3B | 2.9B | 2.8B | 2.8B | 3.2B | 2.1B | |
Property Plant And Equipment Net | 3.6B | 3.2B | 3.0B | 3.0B | 3.4B | 2.3B | |
Net Debt | (7.2M) | 107.9M | 322.9M | 342.8M | 394.2M | 413.9M | |
Retained Earnings | 3.0B | 2.6B | 2.5B | 2.7B | 3.1B | 1.9B | |
Cash | 487.9M | 917.5M | 232.1M | 257.2M | 295.8M | 224.2M | |
Non Current Assets Total | 3.9B | 3.4B | 3.4B | 3.4B | 3.9B | 2.5B | |
Non Currrent Assets Other | 188.4M | (547.3M) | (516.8M) | (485.7M) | (437.2M) | (415.3M) | |
Cash And Short Term Investments | 577.2M | 1.1B | 349.2M | 350.8M | 403.4M | 246.1M | |
Net Receivables | 195.0M | 228.9M | 458.7M | 438.9M | 504.7M | 267.5M | |
Common Stock Shares Outstanding | 108.0M | 107.8M | 106.6M | 102.9M | 92.6M | 91.5M | |
Liabilities And Stockholders Equity | 4.8B | 5.0B | 4.4B | 4.4B | 5.0B | 3.1B | |
Non Current Liabilities Total | 1.3B | 1.3B | 1.2B | 1.2B | 1.4B | 775.1M | |
Inventory | 104.2M | 84.1M | 88.0M | 94.2M | 108.4M | 54.9M | |
Other Current Assets | 386.1M | 20.8M | 17.8M | 2.0M | 2.3M | 2.2M | |
Other Stockholder Equity | 323.5M | 348.3M | 292.8M | 61.0M | 70.1M | 66.6M | |
Total Liab | 1.5B | 2.1B | 1.6B | 1.6B | 1.9B | 1.0B | |
Total Current Assets | 963.3M | 1.6B | 1.0B | 1.0B | 1.2B | 625.9M | |
Short Term Debt | 11.4M | 483.5M | 12.4M | 13.8M | 15.8M | 15.0M | |
Accounts Payable | 36.5M | 72.0M | 127.0M | 130.9M | 150.5M | 82.9M | |
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) | (9.2M) | (9.6M) | |
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 | 10.3M | |
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 | 107.6M | 113.0M | |
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 |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck 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 tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary 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.
Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
FinTech Suite Use AI to screen and filter profitable investment opportunities | |
Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. |
Is Helmerich's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Helmerich. If investors know Helmerich will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Helmerich listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.46) | Dividend Share 1 | Earnings Share 3.49 | Revenue Per Share 27.592 | Quarterly Revenue Growth (0.11) |
The market value of Helmerich and Payne is measured differently than its book value, which is the value of Helmerich that is recorded on the company's balance sheet. Investors also form their own opinion of Helmerich's value that differs from its market value or its book value, called intrinsic value, which is Helmerich's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Helmerich's market value can be influenced by many factors that don't directly affect Helmerich's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Helmerich's value and its price as these two are different measures arrived at by different means. Investors typically determine if Helmerich is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Helmerich's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.