Current Ratio
since 2015
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Hewlett Packard Enterprise Co. pages available for free this week:
- Common-Size Balance Sheet: Assets
- Analysis of Solvency Ratios
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2015
- Operating Profit Margin since 2015
- Price to Operating Profit (P/OP) since 2015
- Analysis of Revenues
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Calculation
Hewlett Packard Enterprise Co., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Oct 31, 2023 | = | ÷ | |||
| Oct 31, 2022 | = | ÷ | |||
| Oct 31, 2021 | = | ÷ | |||
| Oct 31, 2020 | = | ÷ | |||
| Oct 31, 2019 | = | ÷ | |||
| Oct 31, 2018 | = | ÷ | |||
| Oct 31, 2017 | = | ÷ | |||
| Oct 31, 2016 | = | ÷ | |||
| Oct 31, 2015 | = | ÷ |
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), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31).
1 US$ in millions
The analysis of the presented financial data reveals distinct trends in liquidity over the evaluated periods.
- Current Assets
- Current assets exhibit a declining trend from 2015 through 2019, decreasing steadily from US$31,173 million in 2015 to US$15,143 million in 2019. Post-2019, there is a moderate recovery observed with current assets increasing to US$20,506 million in 2022, before slightly retracting to US$18,948 million in 2023.
- Current Liabilities
- Current liabilities demonstrate fluctuations over the same timeframe. Initially, there is an increase from US$22,151 million in 2015, peaking at US$23,174 million in 2022, with some variability in the interim years. By 2023, current liabilities marginally decrease to US$21,882 million.
- Current Ratio
- The current ratio shows a consistent declining trend from 2015 to 2019, dropping from a healthy 1.41 to a suboptimal 0.79, which indicates a decrease in short-term liquidity. Although some improvement is seen after 2019, with the ratio rising to around 0.91 in 2021, it remains below 1.0 thereafter, standing at 0.87 in 2023. This suggests that current liabilities exceed current assets in recent years, potentially reflecting tighter liquidity conditions.
Overall, the data suggests a period of decreasing liquidity from 2015 to 2019, followed by a slight rebound in current assets. However, despite this recovery, the current ratio remains below 1.0 from 2019 onwards, indicating the company may face challenges meeting its short-term obligations with existing current assets. The relatively stable but elevated current liabilities compound this liquidity pressure, necessitating careful financial management moving forward.
Comparison to Competitors
Hewlett Packard Enterprise Co., current ratio, long-term trends, comparison to competitors
| Hewlett Packard Enterprise Co. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|---|
| Oct 31, 2023 | ||||||
| Oct 31, 2022 | ||||||
| Oct 31, 2021 | ||||||
| Oct 31, 2020 | ||||||
| Oct 31, 2019 | ||||||
| Oct 31, 2018 | ||||||
| Oct 31, 2017 | ||||||
| Oct 31, 2016 | ||||||
| Oct 31, 2015 |
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), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31).
Comparison to Sector (Technology Hardware & Equipment)
Hewlett Packard Enterprise Co., current ratio, long-term trends, comparison to sector (technology hardware & equipment)
| Hewlett Packard Enterprise Co. | Technology Hardware & Equipment | |
|---|---|---|
| Oct 31, 2023 | ||
| Oct 31, 2022 | ||
| Oct 31, 2021 | ||
| Oct 31, 2020 | ||
| Oct 31, 2019 | ||
| Oct 31, 2018 | ||
| Oct 31, 2017 | ||
| Oct 31, 2016 | ||
| Oct 31, 2015 |
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), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31).
Comparison to Industry (Information Technology)
Hewlett Packard Enterprise Co., current ratio, long-term trends, comparison to industry (information technology)
| Hewlett Packard Enterprise Co. | Information Technology | |
|---|---|---|
| Oct 31, 2023 | ||
| Oct 31, 2022 | ||
| Oct 31, 2021 | ||
| Oct 31, 2020 | ||
| Oct 31, 2019 | ||
| Oct 31, 2018 | ||
| Oct 31, 2017 | ||
| Oct 31, 2016 | ||
| Oct 31, 2015 |
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), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31).