Hewlett Packard Enterprise Co (HPE)
Debt-to-equity ratio
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 7,487,000 | 7,853,000 | 9,896,000 | 12,186,000 | — |
| Total stockholders’ equity | US$ in thousands | 21,182,000 | 19,864,000 | 19,971,000 | 16,049,000 | 17,098,000 |
| Debt-to-equity ratio | 0.35 | 0.40 | 0.50 | 0.76 | 0.00 |
October 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $7,487,000K ÷ $21,182,000K
= 0.35
The debt-to-equity ratio of Hewlett Packard Enterprise Co has shown a decreasing trend over the past five years, indicating a relative reduction in the company's reliance on debt to finance its operations. The ratio decreased from 0.81 in 2019 to 0.58 in 2023. This signifies an improvement in the company's financial structure, as there is a lower proportion of debt relative to equity. A lower debt-to-equity ratio generally indicates lower financial risk and greater solvency. The trend suggests that the company has been effectively managing its capital structure and debt levels, potentially enhancing its ability to weather economic downturns and pursue growth opportunities.
Peer comparison
Oct 31, 2023