Hewlett Packard Enterprise Co (HPE)
Cash ratio
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 14,846,000 | 3,642,000 | 2,676,000 | 3,758,000 | 4,270,000 | 2,919,000 | 2,781,000 | 2,530,000 | 4,163,000 | 3,762,000 | 3,027,000 | 3,861,000 | 3,996,000 | 5,293,000 | 4,625,000 | 4,165,000 | 4,233,000 | 8,465,000 | 5,131,000 | 3,171,000 |
| Short-term investments | US$ in thousands | — | 944,000 | 841,000 | 985,000 | 905,000 | 1,143,000 | 488,000 | -65,000 | — | 187,000 | — | 9,000 | 15,000 | 2,286,000 | 2,212,000 | 2,211,000 | 2,170,000 | 4,000 | 6,000 | — |
| Total current liabilities | US$ in thousands | 25,973,000 | 23,865,000 | 23,750,000 | 22,635,000 | 21,882,000 | 20,170,000 | 20,251,000 | 21,476,000 | 23,174,000 | 21,299,000 | 20,190,000 | 20,473,000 | 20,687,000 | 19,641,000 | 17,980,000 | 17,931,000 | 18,738,000 | 21,610,000 | 20,197,000 | 18,754,000 |
| Cash ratio | 0.57 | 0.19 | 0.15 | 0.21 | 0.24 | 0.20 | 0.16 | 0.11 | 0.18 | 0.19 | 0.15 | 0.19 | 0.19 | 0.39 | 0.38 | 0.36 | 0.34 | 0.39 | 0.25 | 0.17 |
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 varied over the past few years, ranging from 0.11 to 0.57. The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a company has a higher level of liquidity and can meet its short-term obligations more easily.
In the most recent period, as of October 31, 2024, the cash ratio stands at 0.57, indicating that Hewlett Packard Enterprise Co has a relatively strong ability to cover its short-term liabilities with its cash reserves. This suggests that the company has a comfortable level of liquidity to meet its immediate financial obligations.
On the other hand, the lowest cash ratio observed in the dataset was 0.11, as of January 31, 2023. This could signify a lower level of liquidity at that point in time, which may have posed challenges in meeting short-term liabilities solely with available cash on hand.
Overall, analyzing the trend of the cash ratio over time can provide insights into the company's liquidity management and financial health, highlighting periods of strength and areas that may require attention in managing short-term liquidity risks.
Peer comparison
Oct 31, 2024