Stock Analysis on Net
Stock Analysis on Net

Hewlett Packard Enterprise Co. (NYSE:HPE)

This company has been moved to the archive! The financial data has not been updated since June 5, 2024.

Common-Size Balance Sheet: Assets 

Hewlett Packard Enterprise Co., common-size consolidated balance sheet: assets

Microsoft Excel
Oct 31, 2023 Oct 31, 2022 Oct 31, 2021 Oct 31, 2020 Oct 31, 2019 Oct 31, 2018
Cash and cash equivalents 7.47 7.29 6.93 7.84 7.24 8.79
Accounts receivable, net of allowances 6.09 7.18 6.90 6.27 5.71 5.88
Financing receivables, net of allowances 6.20 6.17 6.81 7.02 6.90 6.12
Inventory 8.06 9.03 7.82 4.95 4.61 4.41
Other current assets 5.33 6.23 4.26 4.57 4.78 5.92
Current assets 33.15% 35.90% 32.72% 30.65% 29.23% 31.12%
Property, plant and equipment, net 10.48 10.13 9.73 10.41 11.69 11.06
Financing receivables, net 8.80 7.90 8.73 9.46 9.55 8.54
Deferred tax assets 3.96 3.72 3.51 3.29 2.92 4.33
Prepaid pension 2.30 2.25 3.29 1.94 1.67 1.49
Operating lease ROU assets 1.71 1.50 1.53 1.72 0.00 0.00
Other 3.14 3.08 3.17 3.11 3.07 6.10
Long-term financing receivables and other assets 19.91% 18.45% 20.23% 19.52% 17.22% 20.47%
Investments in equity interests 3.84 3.78 3.83 4.02 4.35 4.32
Goodwill 31.47 30.47 31.73 33.36 35.34 31.60
Intangible assets, net 1.14 1.28 1.77 2.04 2.18 1.42
Non-current assets 66.85% 64.10% 67.28% 69.35% 70.77% 68.88%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31).

Cash and Cash Equivalents
Representing a moderate proportion of total assets, cash and cash equivalents decreased from 8.79% in 2018 to a low of 6.93% in 2021, followed by a slight recovery to 7.47% in 2023. This trend indicates a somewhat reduced liquidity position mid-period with a modest rebound in recent years.
Accounts Receivable, Net of Allowances
Accounts receivable demonstrated an overall upward trend from 5.88% in 2018, peaking at 7.18% in 2022 before declining to 6.09% in 2023. This suggests growing credit sales or extended customer payment terms until 2022, with some tightening or improved collections thereafter.
Financing Receivables, Net of Allowances
The proportion allocated to financing receivables showed a gradual increase from 6.12% in 2018 to a peak near 7.02% in 2020, but declined towards 6.17% in 2022, then slightly rose to 6.20% in 2023, reflecting some volatility in financing activities or credit risk exposure.
Inventory
Inventory as a percentage of total assets increased notably from 4.41% in 2018 to a peak of 9.03% in 2022, before decreasing to 8.06% in 2023. This sharp rise and subsequent partial reduction indicate increased stockholding levels, possibly due to supply chain factors or preparation for anticipated sales.
Other Current Assets
Other current assets declined from 5.92% in 2018 to 4.26% in 2021, spiked to 6.23% in 2022, and then decreased to 5.33% in 2023. The fluctuations suggest changing compositions or timing of current asset components outside standard categories.
Current Assets
The total percentage of current assets declined from 31.12% in 2018 to 29.23% in 2019, before rising steadily to a peak of 35.9% in 2022 and falling back slightly to 33.15% in 2023. This implies a strategic shift towards more short-term asset holdings especially in the later years of the period analyzed.
Property, Plant, and Equipment, Net
The allocation to property, plant, and equipment remained relatively stable, fluctuating modestly between approximately 9.73% and 11.69%, ending at 10.48% in 2023. This steady trend suggests consistent investment and capitalization in fixed assets.
Financing Receivables, Net
Financing receivables excluding allowances experienced a peak at 9.55% in 2019, followed by a decline to 7.90% in 2022 and increased slightly to 8.80% in 2023. This pattern reflects some retrenchment from peak exposure with a recent partial recovery.
Deferred Tax Assets
Deferred tax assets exhibited a downward movement from 4.33% in 2018 to 2.92% in 2019, then a gradual recovery reaching 3.96% in 2023. The declined initial value and subsequent steady rise may reflect changes in tax positions and timing differences.
Prepaid Pension
Prepaid pension showed growth from 1.49% in 2018 to 3.29% in 2021, followed by a decrease to about 2.3% in 2023. This indicates variability in pension funding status or actuarial assumptions affecting asset recognition.
Operating Lease ROU Assets
These assets were first reported in 2020 at 1.72% of total assets, then exhibited a slight decline before recovering to 1.71% in 2023. The inclusion from 2020 corresponds to accounting changes reflecting right-of-use assets under lease standards.
Other Assets
The “Other” category declined sharply from 6.10% in 2018 to just over 3% in 2019 and remained stable around that level thereafter, suggesting reclassification or disposal of certain asset components.
Long-Term Financing Receivables and Other Assets
These assets fluctuated between 17.22% and 20.47%, peaking initially in 2018 and then showing some variability before stabilizing near 19.91% in 2023. This pattern indicates shifting emphasis on longer-term financing or other non-current asset holdings.
Investments in Equity Interests
Investments remained stable near the 4% level of total assets with a slight decreasing tendency from 4.35% in 2019 to 3.78% in 2022, then a minor increase to 3.84% in 2023. This suggests relatively consistent equity investment holdings.
Goodwill
Goodwill represented the largest component of total assets, rising from 31.60% in 2018 to a peak of 35.34% in 2019, then declining steadily to 30.47% in 2022 before a slight increase in 2023. This indicates significant acquisitions or impairments affecting this intangible asset over time.
Intangible Assets, Net
Intangible assets decreased from 2.18% in 2019 to 1.14% in 2023, reflecting amortization and possibly divestitures or impairment of intangible property.
Non-Current Assets
Non-current assets made up between approximately 64.10% and 70.77% of total assets, peaking in 2019 and declining to its lowest in 2022, followed by a slight increase in 2023. This pattern shows a relative reduction in long-term asset base mid-period with stabilization in recent years.
Total Assets
As expected, total assets consistently represent 100% across all periods, serving as the base for all proportional measures.