Hewlett Packard Enterprise Co (HPE)
Cash ratio
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 14,846,000 | 4,270,000 | 4,163,000 | 3,996,000 | 4,233,000 |
| Short-term investments | US$ in thousands | — | -145,000 | — | 15,000 | 2,170,000 |
| Total current liabilities | US$ in thousands | 25,973,000 | 21,882,000 | 23,174,000 | 20,687,000 | 18,738,000 |
| Cash ratio | 0.57 | 0.19 | 0.18 | 0.19 | 0.34 |
October 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($14,846,000K
+ $—K)
÷ $25,973,000K
= 0.57
The cash ratio of Hewlett Packard Enterprise Co has shown fluctuations over the past five years. In the most recent year, as of October 31, 2024, the cash ratio stood at 0.57, indicating an improvement compared to the previous years. The cash ratio measures the company's ability to cover its short-term liabilities with its readily available cash and cash equivalents.
In 2023, the cash ratio was relatively low at 0.19, suggesting that the company had less cash on hand to meet its short-term obligations. Similarly, in 2022 and 2021, the cash ratio remained at 0.18 and 0.19, respectively, indicating a consistent level of liquidity concerns over these years.
However, in 2020, the cash ratio increased to 0.34, showing a significant improvement in liquidity compared to the preceding years. This could be attributed to better cash management practices or increased cash reserves during that period.
Overall, the trend in Hewlett Packard Enterprise Co's cash ratio highlights fluctuations in the company's liquidity position over the past five years, with the most recent data pointing towards an improvement in its ability to cover short-term obligations with existing cash resources.
Peer comparison
Oct 31, 2024