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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
Quarterly Data

Hewlett Packard Enterprise Co., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Apr 30, 2024 Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018 Jul 31, 2018 Apr 30, 2018 Jan 31, 2018
Cash and cash equivalents 4.48 6.41 7.47 5.17 5.01 4.55 7.29 6.52 5.37 6.67 6.93 9.38 8.54 7.79 7.84 14.53 9.41 6.07 7.24 7.28 7.01 7.31 8.79 9.03 11.67 12.45
Accounts receivable, net of allowances 6.43 6.45 6.09 6.11 6.68 7.56 7.18 5.84 5.54 5.93 6.90 5.84 5.42 5.49 6.27 4.90 4.79 5.48 5.71 5.84 6.15 6.15 5.88 5.05 5.18 5.03
Financing receivables, net of allowances 6.11 6.19 6.20 6.59 6.69 6.70 6.17 6.25 6.49 6.59 6.81 6.76 7.10 7.26 7.02 6.52 6.66 6.87 6.90 7.03 6.75 6.74 6.12 5.97 5.85 5.70
Inventory 12.27 10.32 8.06 8.05 7.77 8.35 9.03 9.63 9.45 9.19 7.82 6.98 5.76 5.22 4.95 5.96 6.38 4.90 4.61 4.37 4.27 4.44 4.41 4.82 4.76 3.95
Other current assets 6.60 5.17 5.33 5.37 5.46 5.64 6.23 5.60 5.41 5.03 4.26 4.25 4.03 4.30 4.57 4.80 5.75 4.91 4.78 5.27 5.16 5.18 5.92 5.50 5.60 6.14
Current assets 35.88% 34.54% 33.15% 31.29% 31.61% 32.80% 35.90% 33.85% 32.26% 33.42% 32.72% 33.21% 30.86% 30.07% 30.65% 36.72% 32.99% 28.23% 29.23% 29.78% 29.33% 29.82% 31.12% 30.37% 33.05% 33.27%
Property, plant and equipment, net 9.74 10.23 10.48 10.79 10.82 10.78 10.13 9.75 9.78 9.50 9.73 9.76 10.12 10.43 10.41 9.80 10.25 10.93 11.69 11.82 12.00 11.86 11.06 10.75 10.37 10.29
Long-term financing receivables and other assets 19.55 19.70 19.91 20.67 20.32 19.87 18.45 19.33 19.88 19.92 20.23 19.33 19.90 19.80 19.52 18.20 18.88 19.48 17.22 17.91 18.22 18.23 20.47 22.37 21.57 22.30
Investments in equity interests 3.84 3.84 3.84 4.06 4.11 4.00 3.78 3.93 4.02 3.89 3.83 4.05 4.09 4.14 4.02 3.90 4.17 4.38 4.35 4.62 4.73 4.66 4.32 4.37 4.20 4.16
Goodwill 30.13 30.70 31.47 31.90 31.92 31.34 30.47 31.74 32.50 31.63 31.73 32.06 33.28 33.71 33.36 29.95 32.00 35.04 35.34 34.65 34.39 33.98 31.60 30.65 29.29 28.43
Intangible assets, net 0.86 0.99 1.14 1.29 1.22 1.21 1.28 1.40 1.56 1.64 1.77 1.58 1.75 1.86 2.04 1.43 1.70 1.93 2.18 1.22 1.32 1.44 1.42 1.50 1.51 1.57
Non-current assets 64.12% 65.46% 66.85% 68.71% 68.39% 67.20% 64.10% 66.15% 67.74% 66.58% 67.28% 66.79% 69.14% 69.93% 69.35% 63.28% 67.01% 71.77% 70.77% 70.22% 70.67% 70.18% 68.88% 69.63% 66.95% 66.73%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-K (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-K (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31), 10-K (reporting date: 2019-10-31), 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).

The asset composition reflects a significant shift in liquidity management and a consistent reliance on intangible assets over the analyzed period. While the overall balance between current and non-current assets has remained relatively stable, there is a notable migration of value from cash equivalents into inventory.

Liquidity and Working Capital Trends
A substantial decline in the relative weight of cash and cash equivalents is observed, falling from 12.45% in January 2018 to 4.48% by April 2024. A temporary peak occurred in July 2020, where cash reached 14.53% of total assets, before resuming a downward trajectory. Conversely, inventory has seen a marked increase, rising from 3.95% to 12.27% over the same period. This trend indicates a growing proportion of capital tied up in physical goods relative to liquid cash.
Accounts receivable and current financing receivables have remained comparatively stable. Accounts receivable fluctuated between approximately 4.8% and 7.6%, while financing receivables stayed within a tight range of 6.1% to 7.3%, suggesting a consistent approach to credit management.
Non-Current Asset Analysis
Goodwill represents the most significant portion of the total asset base. It peaked at 35.34% in October 2019 and has since gradually moderated to 30.13% by April 2024. This high concentration indicates that a large percentage of the company's asset value is derived from previous acquisitions.
Property, plant, and equipment (PP&E) have maintained a steady presence, generally hovering around 10% of total assets, with only minor fluctuations between 9.5% and 12%. Intangible assets, net of goodwill, have shown a slow but steady decline, moving from 1.57% to 0.86%.
Long-term financing receivables and other assets have remained a core component of the non-current asset structure, typically fluctuating between 17% and 22% of total assets.
Overall Asset Structure
The broad distribution between current and non-current assets has shown resilience. Current assets have generally ranged between 28% and 36%, while non-current assets have occupied the remainder, typically between 63% and 72%. The most significant structural evolution is the internal reallocation within current assets, where the increase in inventory has offset the reduction in cash holdings.

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