HP Balance Sheet Health
Financial Health criteria checks 2/6
HP has a total shareholder equity of $-916.0M and total debt of $9.6B, which brings its debt-to-equity ratio to -1047.2%. Its total assets and total liabilities are $37.4B and $38.3B respectively. HP's EBIT is $4.3B making its interest coverage ratio 10.2. It has cash and short-term investments of $2.5B.
Key information
-1,047.2%
Debt to equity ratio
US$9.59b
Debt
| Interest coverage ratio | 10.2x |
| Cash | US$2.52b |
| Equity | -US$916.00m |
| Total liabilities | US$38.35b |
| Total assets | US$37.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HPQ has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: HPQ 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: HPQ has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: HPQ's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: HPQ's debt is well covered by operating cash flow (38.1%).
Interest Coverage: HPQ's interest payments on its debt are well covered by EBIT (10.2x coverage).