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Helmerich & Payne, Inc. (HP) Quick Ratio (Acid-Test): 1.40

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Is Helmerich & Payne, Inc.’s quick ratio (acid-test) high or low?

Helmerich & Payne, Inc.'s quick ratio (acid-test) of 1.40 is 40% below its 5-year average of 2.32, near the low end of its 5-year range (1.40–3.92).

The quick ratio (acid-test) for Helmerich & Payne, Inc. (HP) is 1.40 as of Wednesday, June 10, 2026. It is below its 12-month average by 26.32% (1.90).

Current Ratio|Debt to Equity|P/FCF Ratio|All Metrics

HP Quick Ratio (Acid-Test) Chart

HP Quick Ratio (Acid-Test)
1.40-41.67% 1Y
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HP Average Quick Ratio (Acid-Test) Chart

HP Current vs Average Quick Ratio (Acid-Test) Chart

HP Quick Ratio (Acid-Test) Metrics

QUICK RATIO (ACID-TEST)

1.40

QUICK RATIO (ACID-TEST) AVG TTM

1.90

QUICK RATIO (ACID-TEST) AVG 3Y

2.06

QUICK RATIO (ACID-TEST) AVG 5Y

2.32

QUICK RATIO (ACID-TEST) AVG 10Y

2.74

QUICK RATIO (ACID-TEST) AVG 15Y

2.62

QUICK RATIO (ACID-TEST) AVG 20Y

2.60

CURRENT VS TTM AVG

-26.32%

CURRENT VS 3Y AVG

-32.20%

CURRENT VS 5Y AVG

-39.61%

CURRENT VS 10Y AVG

-48.85%

CURRENT VS 15Y AVG

-46.58%

CURRENT VS 20Y AVG

-46.13%

HP Competitors' Quick Ratio (Acid-Test)

NAMEMARKET CAPQUICK RATIO (ACID-TEST)TTM3Y5Y
Helmerich & Payne, Inc. (HP)—1.401.902.062.32
Antero Midstream Corporation (AM)$10.32B3.412.291.601.36
Occidental Petroleum Corporation (OXY)$56.25B0.740.730.760.81
Phillips 66 (PSX)$71.77B0.910.921.000.98
EOG Resources, Inc. (EOG)$73.15B1.641.771.851.81
Valero Energy Corporation (VLO)$75.36B1.111.071.061.03
Marathon Petroleum Corporation (MPC)$75.36B0.740.720.981.07
SLB N.V. (SLB)$83.50B0.981.041.000.97
ConocoPhillips (COP)$142.28B1.141.141.231.37
Chevron Corporation (CVX)$371.97B0.860.840.980.98

Liquidity Comparison

Quick Ratio

1.40

Excludes inventory

Current Ratio

1.80

Includes inventory

Helmerich & Payne, Inc. Quick Ratio (Acid-Test) Formula & Definition

Quick Ratio = (Current Assets − Inventory) / Current Liabilities

The quick ratio is a stricter liquidity measure that excludes inventory, showing the ability to meet short-term obligations with the most liquid assets.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Helmerich & Payne, Inc. Quick Ratio (Acid-Test) FAQ

What is the quick ratio (acid-test) for Helmerich & Payne, Inc. (HP)?
The quick ratio (acid-test) for HP stock is 1.40.
Is Helmerich & Payne, Inc.'s quick ratio (acid-test) high or low?
Helmerich & Payne, Inc.'s quick ratio (acid-test) of 1.40 is 40% below its 5-year average of 2.32, near the low end of its 5-year range (1.40–3.92).
What is the TTM average quick ratio (acid-test) for Helmerich & Payne, Inc. (HP)?
The TTM average quick ratio (acid-test) for HP stock is 1.90.
What is the 3Y average quick ratio (acid-test) for Helmerich & Payne, Inc. (HP)?
The 3Y average quick ratio (acid-test) for HP stock is 2.06.
What is the 5Y average quick ratio (acid-test) for Helmerich & Payne, Inc. (HP)?
The 5Y average quick ratio (acid-test) for HP stock is 2.32.
What is the 10Y average quick ratio (acid-test) for Helmerich & Payne, Inc. (HP)?
The 10Y average quick ratio (acid-test) for HP stock is 2.74.
What is the 15Y average quick ratio (acid-test) for Helmerich & Payne, Inc. (HP)?
The 15Y average quick ratio (acid-test) for HP stock is 2.62.
What is the 20Y average quick ratio (acid-test) for Helmerich & Payne, Inc. (HP)?
The 20Y average quick ratio (acid-test) for HP stock is 2.60.

Helmerich & Payne, Inc. Quick Ratio (Acid-Test) History

DATEQUICK RATIO (ACID-TEST)
2025-09-301.40
2024-09-302.40
2023-09-302.16
2022-09-302.30
2021-09-301.73
2020-09-303.92
2019-09-302.35
2018-09-302.54
2017-09-303.19
2016-09-304.39
2015-09-303.73
2014-09-302.31
2013-09-302.59
2012-09-302.14
2011-09-302.16
2010-09-302.62
2009-09-301.58
2008-09-302.13
2007-09-302.07
2006-09-301.52
2005-09-305.35
2004-09-303.76
2003-09-301.97
2002-09-302.14
2001-09-302.50
2000-09-303.04
1999-09-301.88
1998-09-301.27
1997-09-301.45
1996-09-301.56

Related Metrics

Current RatioDebt to EquityP/FCF RatioAll Metrics

About Helmerich & Payne, Inc.

Helmerich & Payne, Inc., along with its affiliated companies, provides specialized drilling services and innovative solutions to businesses involved in the exploration and production of oil and gas. The company's operations are strategically organized into three distinct divisions: North America Solutions, Offshore Gulf of Mexico, and International Solutions. Within the North America Solutions segment, primary drilling activities are conducted across a broad geographical area, encompassing U.S. states such as Colorado, Louisiana, Montana, Nevada, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, Texas, Utah, West Virginia, and Wyoming. This division also actively pursues the development, promotion, and commercialization of advanced technologies designed to enhance drilling efficiency, wellbore quality, and accurate placement. The Offshore Gulf of Mexico segment focuses its drilling endeavors in Louisiana and within the federal waters of the U.S. Gulf of Mexico. Internationally, the Solutions segment manages drilling projects in various countries, including Argentina, Bahrain, Colombia, and the United Arab Emirates. As of September 30, 2021, Helmerich & Payne commanded a substantial fleet, featuring 236 land rigs situated in North America, 30 land rigs operating internationally, and 7 offshore platform rigs. Beyond its core drilling operations, the company also maintains an interest in commercial real estate. Its property portfolio in Tulsa, Oklahoma, comprises a shopping center offering approximately 390,000 square feet of leasable space, alongside about 176 acres of undeveloped land. Helmerich & Payne, Inc. was founded in 1920 and continues to maintain its corporate headquarters in Tulsa, Oklahoma.

Tulsa, OK
7,000 employees
www.hpinc.com
Energy / Oil & Gas Drilling
Sector
Energy
Industry
Oil & Gas Drilling
CEO
Raymond John Adams
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