Helmerich Short Term Debt vs Cash And Short Term Investments Analysis

HP Stock

USD 34.69 0.63 1.78%

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 Short Term Debt and its Cash And Short Term Investments 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.

Short Term Debt vs Cash And Short Term Investments

Short Term Debt vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Helmerich and Payne Short Term Debt account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.

The correlation between Helmerich's Short Term Debt and Cash And Short Term Investments is 0.75. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Cash And Short Term Investments 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 Short Term Debt and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Helmerich and Payne are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Short Term Debt i.e., Helmerich's Short Term Debt and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.75

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Short Term Debt

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Helmerich and Payne balance sheet. This account contains Helmerich investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Helmerich and Payne fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

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.

As of 06/08/2024, 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

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		-0.03	0.41	0.32	0.99	0.99	-0.49	0.98	0.52	0.99	-0.1	0.46	0.73	0.6	0.93	0.83	0.75	0.6	0.93	0.86	0.2	0.64	-0.17	0.73	0.72	0.49
Short Long Term Debt Total	-0.03		0.52	0.58	-0.15	-0.12	0.56	-0.15	0.42	-0.12	-0.47	0.54	-0.34	-0.29	0.13	0.18	-0.57	0.16	0.26	0.32	0.48	-0.22	0.22	0.44	0.44	0.5
Other Current Liab	0.41	0.52		0.6	0.32	0.35	0.08	0.32	0.43	0.35	-0.48	0.46	0.24	-0.09	0.49	0.39	-0.03	0.24	0.57	0.57	0.41	0.36	0.19	0.63	0.63	0.42
Total Current Liabilities	0.32	0.58	0.6		0.24	0.21	0.17	0.22	0.4	0.24	-0.3	0.47	0.26	-0.02	0.21	0.17	-0.1	0.27	0.48	0.59	0.67	0.34	0.39	0.56	0.57	-0.01
Total Stockholder Equity	0.99	-0.15	0.32	0.24		0.99	-0.54	1.0	0.44	0.99	-0.01	0.37	0.76	0.61	0.88	0.81	0.83	0.58	0.85	0.79	0.09	0.65	-0.15	0.66	0.66	0.42
Property Plant And Equipment Net	0.99	-0.12	0.35	0.21	0.99		-0.52	0.99	0.46	1.0	-0.06	0.38	0.73	0.62	0.91	0.83	0.82	0.6	0.88	0.79	0.11	0.62	-0.21	0.66	0.65	0.49
Net Debt	-0.49	0.56	0.08	0.17	-0.54	-0.52		-0.53	-0.52	-0.48	-0.42	-0.39	-0.19	-0.59	-0.38	-0.15	-0.66	-0.32	-0.32	-0.41	-0.19	-0.04	0.62	0.12	0.13	-0.09
Retained Earnings	0.98	-0.15	0.32	0.22	1.0	0.99	-0.53		0.44	0.99	-0.01	0.36	0.76	0.57	0.88	0.82	0.81	0.53	0.85	0.78	0.06	0.66	-0.14	0.67	0.66	0.43
Cash	0.52	0.42	0.43	0.4	0.44	0.46	-0.52	0.44		0.42	-0.03	0.98	-0.13	0.38	0.58	0.38	0.15	0.55	0.64	0.8	0.71	-0.17	-0.46	0.33	0.33	0.62
Non Current Assets Total	0.99	-0.12	0.35	0.24	0.99	1.0	-0.48	0.99	0.42		-0.07	0.35	0.77	0.6	0.91	0.83	0.81	0.57	0.88	0.78	0.1	0.67	-0.16	0.69	0.69	0.45
Non Currrent Assets Other	-0.1	-0.47	-0.48	-0.3	-0.01	-0.06	-0.42	-0.01	-0.03	-0.07		-0.09	-0.12	0.1	-0.22	-0.28	0.17	-0.14	-0.27	-0.16	-0.33	-0.24	-0.08	-0.3	-0.3	-0.36
Cash And Short Term Investments	0.46	0.54	0.46	0.47	0.37	0.38	-0.39	0.36	0.98	0.35	-0.09		-0.17	0.33	0.54	0.36	0.02	0.55	0.63	0.8	0.75	-0.19	-0.4	0.38	0.37	0.62
Net Receivables	0.73	-0.34	0.24	0.26	0.76	0.73	-0.19	0.76	-0.13	0.77	-0.12	-0.17		0.34	0.56	0.55	0.66	0.2	0.58	0.45	-0.17	0.97	0.24	0.58	0.58	-0.05
Common Stock Shares Outstanding	0.6	-0.29	-0.09	-0.02	0.61	0.62	-0.59	0.57	0.38	0.6	0.1	0.33	0.34		0.52	0.5	0.69	0.77	0.52	0.49	0.27	0.18	-0.61	0.12	0.11	0.24
Non Current Liabilities Total	0.93	0.13	0.49	0.21	0.88	0.91	-0.38	0.88	0.58	0.91	-0.22	0.54	0.56	0.52		0.82	0.6	0.55	0.95	0.83	0.22	0.51	-0.29	0.72	0.72	0.7
Inventory	0.83	0.18	0.39	0.17	0.81	0.83	-0.15	0.82	0.38	0.83	-0.28	0.36	0.55	0.5	0.82		0.58	0.65	0.79	0.69	0.04	0.48	-0.09	0.71	0.71	0.7
Other Current Assets	0.75	-0.57	-0.03	-0.1	0.83	0.82	-0.66	0.81	0.15	0.81	0.17	0.02	0.66	0.69	0.6	0.58		0.48	0.51	0.4	-0.07	0.5	-0.3	0.2	0.2	0.14
Other Stockholder Equity	0.6	0.16	0.24	0.27	0.58	0.6	-0.32	0.53	0.55	0.57	-0.14	0.55	0.2	0.77	0.55	0.65	0.48		0.6	0.63	0.43	0.08	-0.42	0.4	0.39	0.46
Total Liab	0.93	0.26	0.57	0.48	0.85	0.88	-0.32	0.85	0.64	0.88	-0.27	0.63	0.58	0.52	0.95	0.79	0.51	0.6		0.93	0.42	0.56	-0.18	0.8	0.8	0.6
Total Current Assets	0.86	0.32	0.57	0.59	0.79	0.79	-0.41	0.78	0.8	0.78	-0.16	0.8	0.45	0.49	0.83	0.69	0.4	0.63	0.93		0.56	0.42	-0.18	0.74	0.73	0.55
Short Term Debt	0.2	0.48	0.41	0.67	0.09	0.11	-0.19	0.06	0.71	0.1	-0.33	0.75	-0.17	0.27	0.22	0.04	-0.07	0.43	0.42	0.56		-0.13	-0.27	0.14	0.14	0.2
Accounts Payable	0.64	-0.22	0.36	0.34	0.65	0.62	-0.04	0.66	-0.17	0.67	-0.24	-0.19	0.97	0.18	0.51	0.48	0.5	0.08	0.56	0.42	-0.13		0.32	0.6	0.6	-0.06
Property Plant And Equipment Gross	-0.17	0.22	0.19	0.39	-0.15	-0.21	0.62	-0.14	-0.46	-0.16	-0.08	-0.4	0.24	-0.61	-0.29	-0.09	-0.3	-0.42	-0.18	-0.18	-0.27	0.32		0.36	0.37	-0.43
Common Stock Total Equity	0.73	0.44	0.63	0.56	0.66	0.66	0.12	0.67	0.33	0.69	-0.3	0.38	0.58	0.12	0.72	0.71	0.2	0.4	0.8	0.74	0.14	0.6	0.36		1.0	0.41
Common Stock	0.72	0.44	0.63	0.57	0.66	0.65	0.13	0.66	0.33	0.69	-0.3	0.37	0.58	0.11	0.72	0.71	0.2	0.39	0.8	0.73	0.14	0.6	0.37	1.0		0.41
Other Liab	0.49	0.5	0.42	-0.01	0.42	0.49	-0.09	0.43	0.62	0.45	-0.36	0.62	-0.05	0.24	0.7	0.7	0.14	0.46	0.6	0.55	0.2	-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	5.0B	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

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Helmerich Short Term Debt vs Cash And Short Term Investments Analysis

Short Term Debt vs Cash And Short Term Investments

Short Term Debt vs Cash And Short Term Investments Correlation Analysis

Correlation Coefficient

Short Term Debt

Cash And Short Term Investments

Helmerich fundamental ratios Correlations

Helmerich Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Helmerich fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Additional Tools for Helmerich Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Retained Earnings	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Common Stock	+ 1.0	Common Stock Total Equity
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets

Other Current Assets	- 0.66	Net Debt
Property Plant And Equipment Gross	- 0.61	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.59	Net Debt
Other Current Assets	- 0.57	Short Long Term Debt Total
Net Debt	- 0.54	Total Stockholder Equity
Retained Earnings	- 0.53	Net Debt