Stock Analysis on Net

HP Inc. (NYSE:HPQ)

$22.49

This company has been moved to the archive! The financial data has not been updated since August 29, 2019.

Common-Size Balance Sheet: Assets
Quarterly Data

HP Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018 Jul 31, 2018 Apr 30, 2018 Jan 31, 2018 Oct 31, 2017 Jul 31, 2017 Apr 30, 2017 Jan 31, 2017 Oct 31, 2016 Jul 31, 2016 Apr 30, 2016 Jan 31, 2016 Oct 31, 2015 Jul 31, 2015 Apr 30, 2015 Jan 31, 2015 Oct 31, 2014 Jul 31, 2014 Apr 30, 2014 Jan 31, 2014 Oct 31, 2013 Jul 31, 2013 Apr 30, 2013 Jan 31, 2013
Cash and cash equivalents
Accounts receivable, net
Financing receivables
Inventory
Other current assets
Current assets
Property, plant and equipment, net
Long-term financing receivables and other assets
Goodwill
Other non-current assets
Non-current assets
Total assets

Based on: 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-K (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30), 10-Q (reporting date: 2018-01-31), 10-K (reporting date: 2017-10-31), 10-Q (reporting date: 2017-07-31), 10-Q (reporting date: 2017-04-30), 10-Q (reporting date: 2017-01-31), 10-K (reporting date: 2016-10-31), 10-Q (reporting date: 2016-07-31), 10-Q (reporting date: 2016-04-30), 10-Q (reporting date: 2016-01-31), 10-K (reporting date: 2015-10-31), 10-Q (reporting date: 2015-07-31), 10-Q (reporting date: 2015-04-30), 10-Q (reporting date: 2015-01-31), 10-K (reporting date: 2014-10-31), 10-Q (reporting date: 2014-07-31), 10-Q (reporting date: 2014-04-30), 10-Q (reporting date: 2014-01-31), 10-K (reporting date: 2013-10-31), 10-Q (reporting date: 2013-07-31), 10-Q (reporting date: 2013-04-30), 10-Q (reporting date: 2013-01-31).


Cash and Cash Equivalents
The proportion of cash and cash equivalents relative to total assets experienced fluctuations over the analyzed periods. Initially, it hovered around 11.5% to 12.5%, then showed a significant increase starting January 2014, peaking approximately between 20% and 22% in mid-2016 and early 2017. Following this peak, the ratio declined notably, falling to around 10-15% by mid-2019, indicating a reduction in liquidity or cash holdings relative to assets during the latter phases.
Accounts Receivable, Net
Accounts receivable as a percentage of total assets remained relatively stable with minor oscillations. The range stayed mostly between 12% and 16%, with a slight upward trend observed from early 2016 onward. The increase toward mid-2019 suggests a higher proportion of assets tied up in receivables, potentially indicating growth in sales on credit or slower collection.
Financing Receivables
This category showed marginal variability, consistently representing approximately 2.6% to 3.1% of total assets through early 2015. Data beyond this point is missing, so no trend can be confirmed post-2015.
Inventory
Inventory's percentage of total assets exhibited moderate volatility. From normally steady levels around 5.5% to 6.5%, there was a marked increase starting in early 2016, reaching levels around 15% to nearly 18% by late 2017 and beyond. This upward shift may indicate increased stockpiling of products or raw materials, possibly reflecting changed inventory management or preparation for anticipated demand.
Other Current Assets
The share of other current assets fluctuated between approximately 10% and 16%. There was a peak period between late 2016 and early 2018 where the ratio was notably elevated, suggesting augmented current asset components outside cash, receivables, and inventory. After this period, a slight decline was observed by mid-2019.
Current Assets
Current assets as a proportion of total assets saw an increase during the period, with a striking jump from about 48% to over 60% beginning in early 2016. Although slight fluctuations occurred afterward, the overall trend indicates a higher concentration of current assets relative to total assets from 2016 onward, implying a more liquid asset structure or potential shifts in working capital components.
Property, Plant, and Equipment, Net
The net property, plant, and equipment ratio declined substantially starting in early 2016, dropping from approximately 10.8% to below 6%. This steep decline suggests asset disposals, reclassifications, or impairment, with a modest recovery observed toward mid-2019. Prior to 2016, the ratio maintained a relatively stable level.
Long-Term Financing Receivables and Other Assets
Data for long-term financing receivables and other assets is only available up to early 2015, during which the percentage declined gradually from about 9.6% to 8.2%, indicating a slight reduction in these asset categories relative to total assets.
Goodwill
Goodwill as a proportion of total assets remained near 29%-30% up to early 2016, after which it declined steadily down to approximately 17% to 20% by mid-2019. This significant reduction may point to asset impairments, divestitures, or adjustments in valuation, reflecting changes in acquisition-related intangible assets.
Other Non-Current Assets
Other non-current assets decreased from about 3.9% in early 2013 to below 2% by late 2015. Subsequently, from 2016 onward, there was a sharp increase reaching highs exceeding 15% before decreasing toward 12% by mid-2019. The volatility could signify reclassifications or fluctuations in long-term asset investments or deferred charges.
Non-Current Assets
Non-current assets showed a declining trend from over 53% of total assets in early 2013 to approximately 32%-36% between 2016 and 2017. In 2018 and 2019, however, the proportion increased again to around 39%-42%. The initial decline appears driven by reductions in property, plant and equipment, goodwill, and other fixed assets, while the later increase may relate to strategic asset acquisitions or revaluations.
Total Assets
Throughout the periods, total assets as a sum remained constant in the context of the percentage breakdown, ensuring all components sum to 100%. The observations reflect relative structural shifts within the asset base rather than absolute asset size changes.