Hewlett Packard Enterprise Co (HPE)
Cash ratio
| 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 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 3,753,000 | 3,693,000 | 3,585,000 |
| Short-term investments | US$ in thousands | 985,000 | 905,000 | 1,143,000 | 488,000 | -65,000 | — | — | — | — | — | 2,286,000 | 2,212,000 | 2,211,000 | 2,170,000 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 19,159,000 | 17,158,000 | 16,077,000 |
| Cash ratio | 0.21 | 0.24 | 0.20 | 0.16 | 0.11 | 0.18 | 0.18 | 0.15 | 0.19 | 0.19 | 0.39 | 0.38 | 0.36 | 0.34 | 0.39 | 0.25 | 0.17 | 0.20 | 0.22 | 0.22 |
January 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,758,000K
+ $985,000K)
÷ $22,635,000K
= 0.21
The cash ratio of Hewlett Packard Enterprise Co has shown some fluctuations over the past eight quarters. The cash ratio measures a company's ability to cover its short-term liabilities using its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position.
In Q1 2023, the cash ratio was 0.26, signaling that the company had $0.26 in cash and cash equivalents for every $1 of short-term liabilities. The ratio improved in Q2 2023 to 0.29 but remained constant in Q3 2023 at 0.29 before slightly decreasing to 0.26 in Q4 2023.
The cash ratio then saw an uptick in Q1 2024 to 0.30, indicating an improvement in the company's liquidity position. Overall, the cash ratio has shown some variability over the quarters but has generally been within a range of 0.26 to 0.33, suggesting that Hewlett Packard Enterprise Co has maintained a relatively stable liquidity position during the period analyzed.
Peer comparison
Jan 31, 2024