Hewlett Packard Enterprise Co (HPE)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 7,840,000 | 7,487,000 | 8,866,000 | 8,372,000 | 7,577,000 | 7,853,000 | 9,137,000 | 8,905,000 | 10,277,000 | 9,896,000 | 12,489,000 | 12,296,000 | 11,963,000 | 12,186,000 | — | — | — | — | — | — |
| Total assets | US$ in thousands | 58,602,000 | 57,153,000 | 56,415,000 | 55,549,000 | 55,591,000 | 57,123,000 | 57,675,000 | 56,324,000 | 57,873,000 | 57,699,000 | 56,437,000 | 54,132,000 | 53,451,000 | 54,015,000 | 58,239,000 | 54,515,000 | 52,244,000 | 51,803,000 | 50,760,000 | 51,140,000 |
| Debt-to-assets ratio | 0.13 | 0.13 | 0.16 | 0.15 | 0.14 | 0.14 | 0.16 | 0.16 | 0.18 | 0.17 | 0.22 | 0.23 | 0.22 | 0.23 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
January 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $7,840,000K ÷ $58,602,000K
= 0.13
The debt-to-assets ratio for Hewlett Packard Enterprise Co has remained relatively stable over the past eight quarters, ranging between 0.22 and 0.24. This indicates that the company has been able to maintain a healthy balance between debt and assets during this period. A lower ratio suggests that a company relies less on debt to finance its operations, while a higher ratio indicates a higher level of debt relative to assets.
In this case, the consistent ratio suggests that Hewlett Packard Enterprise Co has been managing its debt levels effectively, maintaining a reasonable amount of debt in relation to its assets. It is essential for investors and stakeholders to monitor this ratio over time to ensure the company's continued financial stability and ability to meet its debt obligations.
Peer comparison
Jan 31, 2024
See also:
Hewlett Packard Enterprise Co Debt to Assets (Quarterly Data)