Hewlett Packard Enterprise Co (HPE)
Quick 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 | 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 | — | — | — | — | — | — |
| Receivables | US$ in thousands | 7,410,000 | 7,024,000 | 7,166,000 | 7,427,000 | 7,927,000 | 4,101,000 | 6,974,000 | 6,777,000 | 7,247,000 | 3,979,000 | 7,111,000 | 6,781,000 | 6,816,000 | 3,386,000 | 6,653,000 | 6,240,000 | 6,455,000 | 3,489,000 | 3,584,000 | 4,029,000 |
| 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 |
| Quick ratio | 0.54 | 0.56 | 0.56 | 0.53 | 0.48 | 0.36 | 0.50 | 0.49 | 0.54 | 0.39 | 0.75 | 0.76 | 0.74 | 0.52 | 0.70 | 0.56 | 0.51 | 0.38 | 0.42 | 0.47 |
January 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,758,000K
+ $985,000K
+ $7,410,000K)
÷ $22,635,000K
= 0.54
The quick ratio of Hewlett Packard Enterprise Co has exhibited some fluctuations over the past eight quarters. The quick ratio, a measure of a company's ability to meet its short-term obligations with its most liquid assets, has ranged from a low of 0.46 in Q1 2023 to a high of 0.51 in Q4 2022. Generally, a quick ratio below 1 indicates that a company may have difficulty meeting its short-term obligations without relying on inventory sales.
The quick ratio for Q1 2024 stands at 0.47, showing a slight decrease from the previous quarter's value of 0.49 in Q4 2023. This indicates that Hewlett Packard Enterprise Co may have slightly less liquidity in the current quarter compared to the previous quarter. However, it is important to analyze the trend over a longer period to assess the company's overall liquidity position accurately.
Overall, Hewlett Packard Enterprise Co's quick ratio has shown some variability, but maintaining it above 1 would be ideal for ensuring that the company can meet its short-term obligations comfortably. Additional analysis of other liquidity ratios and comparing them to industry benchmarks would provide a more comprehensive view of the company's financial health.
Peer comparison
Jan 31, 2024