Hewlett Packard Enterprise Co (HPE)
Current ratio
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 33,457,000 | 18,948,000 | 20,506,000 | 18,878,000 | 16,556,000 |
| Total current liabilities | US$ in thousands | 25,973,000 | 21,882,000 | 23,174,000 | 20,687,000 | 18,738,000 |
| Current ratio | 1.29 | 0.87 | 0.88 | 0.91 | 0.88 |
October 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $33,457,000K ÷ $25,973,000K
= 1.29
The current ratio of Hewlett Packard Enterprise Co has fluctuated over the past five years, ranging from 0.87 to 1.29. The ratio indicates the company's ability to meet its short-term obligations with its current assets. A current ratio below 1 suggests the company may have difficulty covering its current liabilities with its current assets alone. The noticeable improvement in the current ratio from 2023 to 2024 indicates a strengthened ability to pay off short-term obligations. However, the ratio remains below the ideal value of 2, which may indicate liquidity concerns that investors should consider. Overall, the trend in the current ratio for Hewlett Packard Enterprise Co shows some volatility but also some recent improvement in its short-term liquidity position.
Peer comparison
Oct 31, 2024