HP Balance Sheet Health
Financial Health criteria checks 2/6
HP has a total shareholder equity of $-1.6B and total debt of $9.7B, which brings its debt-to-equity ratio to -589%. Its total assets and total liabilities are $35.8B and $37.5B respectively. HP's EBIT is $4.4B making its interest coverage ratio 9.6. It has cash and short-term investments of $2.4B.
Key information
-589.0%
Debt to equity ratio
US$9.66b
Debt
| Interest coverage ratio | 9.6x |
| Cash | US$2.42b |
| Equity | -US$1.64b |
| Total liabilities | US$37.49b |
| Total assets | US$35.85b |
Recent financial health updates
No updates
Recent updates
HP Inc.: Great Investment In Choppy Times (Rating Upgrade)
Apr 11Are Investors Undervaluing HP Inc. (NYSE:HPQ) By 26%?
Mar 24
HP Inc.: Weak Demand Offset By Cost Savings, Initiate Hold
Mar 21HP Inc.: Wait For Generative AI Upgrade Super Cycle At 8x Earnings
Feb 28Returns On Capital At HP (NYSE:HPQ) Paint A Concerning Picture
Feb 18HP Inc.: A Promising Investment In The Evolving PC And Printing Industry
Feb 06HP Inc.: With Dividend Increase And PC Strength, Some Green Shoots Are Emerging (Rating Upgrade)
Jan 18HP Inc.: FY24 Growth Outlook Positive
Jan 02HP Inc.: Warren Buffett Is Selling Ahead Of The Generative AI Supercycle
Dec 13HP Inc. Q4 Earnings: Painful Slowdown With Likely A Slow Turnaround
Nov 28HP (NYSE:HPQ) Is Paying Out A Larger Dividend Than Last Year
Nov 22Are Investors Undervaluing HP Inc. (NYSE:HPQ) By 34%?
Nov 21Should You Investigate HP Inc. (NYSE:HPQ) At US$26.84?
Nov 03HP Inc.: Attractive Growth Tailwinds And Capital Return Story
Oct 17HP (NYSE:HPQ) Will Be Hoping To Turn Its Returns On Capital Around
Oct 16HP Inc. Highlights PC Design Innovation
Oct 10HP Inc: A Value Trap To Avoid In This High Interest Environment (Ratings Downgrade)
Sep 10HP Inc.: The Subscription Model Is The Future
Aug 31An Intrinsic Calculation For HP Inc. (NYSE:HPQ) Suggests It's 29% Undervalued
Aug 18HP Inc: Debt Clouds Dividend Safety Amidst Slow Recovery
Aug 07Is Now An Opportune Moment To Examine HP Inc. (NYSE:HPQ)?
Jul 31HP (NYSE:HPQ) Will Want To Turn Around Its Return Trends
Jul 10HP Inc.: A Buffett-Style Dividend Bargain
Jul 04HP Inc.: A Model Of Dependability
May 29An Intrinsic Calculation For HP Inc. (NYSE:HPQ) Suggests It's 22% Undervalued
May 14Financial 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 (38.4%).
Interest Coverage: HPQ's interest payments on its debt are well covered by EBIT (9.6x coverage).