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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).

The asset composition of the balance sheet demonstrates a consistent reliance on non-current assets, which comprise the majority of total assets throughout the analyzed period. While current assets fluctuated between 29.23% and 35.90%, non-current assets remained the dominant component, ranging from 64.10% to 70.77% of the total asset base.

Current Asset Trends
A notable shift is observed in inventory levels, which nearly doubled from 4.41% in 2018 to a peak of 9.03% in 2022, before moderating to 8.06% in 2023. This increase suggests a strategic shift in working capital management or responses to supply chain volatility. Cash and cash equivalents remained relatively stable, fluctuating within a narrow band between 6.93% and 8.79%, indicating a consistent approach to liquidity maintenance.
Current receivables, comprising both accounts receivable and financing receivables, maintained a steady presence, collectively accounting for approximately 12% to 14% of total assets across the six-year period.
Non-Current Asset Composition
Goodwill represents the single largest asset category, consistently accounting for over 30% of total assets. It peaked at 35.34% in 2019 and remained significant at 31.47% by 2023, reflecting a business model heavily influenced by historical acquisitions.
Long-term financing receivables and other assets constitute a substantial portion of the balance sheet, generally fluctuating between 17.22% and 20.47%. This indicates a significant allocation of capital toward long-term credit or financing arrangements.
Property, plant, and equipment (PP&E) remained stable as a percentage of total assets, hovering around the 10% mark, suggesting that capital expenditures in physical infrastructure have scaled proportionally with the overall growth of the asset base.
Intangibles and Other Assets
A gradual decline is observed in net intangible assets, which decreased from 1.42% in 2018 to 1.14% in 2023, likely due to systematic amortization. Deferred tax assets and prepaid pensions have remained relatively low and stable, contributing minimally to the overall asset structure.

Overall, the balance sheet reflects a capital-intensive structure characterized by high levels of goodwill and long-term financing assets. The most significant operational volatility is evident in the current asset segment, specifically regarding the expansion and subsequent slight contraction of inventory holdings.

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