Hewlett Packard Enterprise Co (HPE)
Current ratio
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 18,948,000 | 20,506,000 | 18,878,000 | 16,556,000 | 15,143,000 |
| Total current liabilities | US$ in thousands | 21,882,000 | 23,174,000 | 20,687,000 | 18,738,000 | 19,159,000 |
| Current ratio | 0.87 | 0.88 | 0.91 | 0.88 | 0.79 |
October 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $18,948,000K ÷ $21,882,000K
= 0.87
The current ratio of Hewlett Packard Enterprise Co has exhibited a declining trend over the past five years, indicating a decreasing ability to meet its short-term obligations with its current assets. The ratio stood at 0.87 as of October 31, 2023, down from 0.88 in 2022 and 0.91 in 2021. This decline suggests a potential strain on the company's liquidity and ability to cover its immediate liabilities. Furthermore, the current ratio has trended downward from 1.16 in 2020 and 1.09 in 2019, indicating a long-term trend of weakening liquidity position. It would be prudent to closely monitor the company's management of its current assets and liabilities to ensure its ability to meet short-term financial obligations.
Peer comparison
Oct 31, 2023