Hewlett Packard Enterprise Co (HPE)
Debt-to-equity ratio
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 7,487,000 | 7,853,000 | 9,896,000 | 12,186,000 |
| Total stockholders’ equity | US$ in thousands | 24,816,000 | 21,182,000 | 19,864,000 | 19,971,000 | 16,049,000 |
| Debt-to-equity ratio | 0.00 | 0.35 | 0.40 | 0.50 | 0.76 |
October 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $24,816,000K
= 0.00
The debt-to-equity ratio of Hewlett Packard Enterprise Co has shown a declining trend over the past five years. In 2020, the company had a relatively high debt-to-equity ratio of 0.76, indicating that its debt levels were higher than its equity. However, this ratio has been decreasing steadily since then, reaching 0.00 in 2024, which suggests that the company may have reduced its reliance on debt financing and strengthened its equity position.
A debt-to-equity ratio of 0.00 in 2024 indicates that the company had no debt in relation to its equity, which could be perceived as a positive sign by investors and creditors. This could imply that Hewlett Packard Enterprise Co has improved its financial health and reduced its financial risk by decreasing its debt levels or increasing its equity base.
Overall, the declining trend in the debt-to-equity ratio of Hewlett Packard Enterprise Co over the past five years reflects a positive shift towards a more balanced capital structure and improved financial stability. However, it is important to consider other financial metrics and factors to gain a comprehensive understanding of the company's financial health and performance.
Peer comparison
Oct 31, 2024