Hewlett Packard Enterprise Co (HPE)
Quick 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 | 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 | — |
| Receivables | US$ in thousands | 7,420,000 | 7,562,000 | 7,486,000 | 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 |
| 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 |
| Quick ratio | 0.86 | 0.51 | 0.46 | 0.54 | 0.56 | 0.56 | 0.53 | 0.48 | 0.36 | 0.51 | 0.49 | 0.54 | 0.39 | 0.75 | 0.76 | 0.74 | 0.52 | 0.70 | 0.56 | 0.51 |
October 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($14,846,000K
+ $—K
+ $7,420,000K)
÷ $25,973,000K
= 0.86
The quick ratio of Hewlett Packard Enterprise Co has displayed some fluctuations over the recent quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
The quick ratio has ranged from a low of 0.36 to a high of 0.86 over the past few quarters, indicating some variability in the company's short-term liquidity position. A quick ratio of less than 1.0 suggests that the company may have difficulty meeting its short-term debts with its current liquid assets alone.
The quick ratio was relatively low in the most recent quarter at 0.51, which may raise concerns about the company's ability to cover its short-term liabilities without relying on selling inventory. However, it was higher compared to the previous quarter at 0.46, showing a slight improvement.
It is important for investors and creditors to closely monitor Hewlett Packard Enterprise Co's quick ratio to assess the company's liquidity risk and its ability to meet its short-term financial obligations efficiently.
Peer comparison
Oct 31, 2024