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
HP Inc.: Still Attractive Even After A Recent Surge (Rating Upgrade)
Jul 03HP's (NYSE:HPQ) Returns On Capital Not Reflecting Well On The Business
Jun 23
HP Inc.: Here Comes The Generative AI Supercycle
May 30Is It Too Late To Consider Buying HP Inc. (NYSE:HPQ)?
May 10HP, Inc.: I'm Buying This AI Bargain With A 4% Yield Before The PC Upgrade Cycle Kicks In
Apr 27HP Inc.'s (NYSE:HPQ) Low P/E No Reason For Excitement
Apr 25HP Inc.: Great Investment In Choppy Times (Rating Upgrade)
Apr 11Are Investors Undervaluing HP Inc. (NYSE:HPQ) By 26%?
Mar 24HP 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 10Financial 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).