Analysis of Debt
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- Cash Flow Statement
- Analysis of Profitability Ratios
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Geographic Areas
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Price to Sales (P/S) since 2005
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Total Debt (Carrying Amount)
HP Inc., balance sheet: debt
US$ in millions
Based on: 10-K (reporting date: 2018-10-31), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-10-31), 10-K (reporting date: 2013-10-31).
- Notes payable and short-term borrowings
- The notes payable and short-term borrowings exhibited a declining trend from October 31, 2013, to October 31, 2016, decreasing significantly from 5,979 million USD to 78 million USD. However, from 2016 onwards, there was a reversal in this trend, with the value rising to 1,072 million USD in 2017 and further to 1,463 million USD in 2018. This pattern indicates an initial reduction in short-term liabilities followed by a moderate resurgence in the last two years reported.
- Long-term debt, excluding current portion
- The long-term debt showed volatility over the examined period. Initially, it decreased slightly from 16,608 million USD in 2013 to 16,039 million USD in 2014, then experienced a notable increase to 21,780 million USD in 2015. Afterward, there was a sharp decline to 6,758 million USD in 2016, with levels remaining relatively stable but slightly decreasing to 6,747 million USD in 2017 and further to 4,524 million USD in 2018. This indicates that the company substantially reduced its long-term debt starting from 2015 onwards.
- Total short- and long-term debt (carrying amount)
- The total debt carrying amount reflects a correlation with the trends observed in both short-term and long-term debts. From 2013 to 2015, the total debt increased from 22,587 million USD to a peak of 24,665 million USD. Subsequently, a significant reduction occurred, dropping to 6,836 million USD in 2016. There was a slight increase in 2017 to 7,819 million USD but then a decrease again in 2018 to 5,987 million USD. This overall pattern indicates a considerable deleveraging in the latter years, especially after 2015.
Total Debt (Fair Value)
| Oct 31, 2018 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Total short- and long-term debt (fair value) | |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | |
Based on: 10-K (reporting date: 2018-10-31).
Weighted-average Interest Rate on Debt
Weighted-average debt interest rate:
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| Total | |||
Based on: 10-K (reporting date: 2018-10-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × ÷ =