HP Balance Sheet Health
Financial Health criteria checks 2/6
HP has a total shareholder equity of $-1.4B and total debt of $9.6B, which brings its debt-to-equity ratio to -691.5%. Its total assets and total liabilities are $38.1B and $39.5B respectively. HP's EBIT is $4.2B making its interest coverage ratio 10.7. It has cash and short-term investments of $2.9B.
Key information
-691.5%
Debt to equity ratio
US$9.63b
Debt
| Interest coverage ratio | 10.7x |
| Cash | US$2.88b |
| Equity | -US$1.39b |
| Total liabilities | US$39.45b |
| Total assets | US$38.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HPQB34 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: HPQB34 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: HPQB34 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: HPQB34's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: HPQB34's debt is well covered by operating cash flow (42.6%).
Interest Coverage: HPQB34's interest payments on its debt are well covered by EBIT (10.7x coverage).