HP Inc (HPQ)
Cash 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 and cash equivalents | US$ in thousands | 2,263,000 | 3,107,000 | 1,673,000 | 1,923,000 | 1,405,000 | 3,145,000 | 5,386,000 | 4,477,000 | 3,394,000 | 4,299,000 | 3,439,000 | 3,424,000 | 4,160,000 | 4,864,000 | 4,679,000 | 4,054,000 | 4,205,000 | 4,537,000 | 4,919,000 | 3,556,000 |
| Short-term investments | US$ in thousands | -671,000 | 3,336,000 | 3,197,000 | — | — | — | — | 5,000 | 5,000 | 5,000 | 8,000 | 12,000 | 274,000 | 274,000 | 57,000 | 52,000 | 348,000 | 56,000 | 17,000 | 17,000 |
| Total current liabilities | US$ in thousands | 23,857,000 | 24,488,000 | 25,190,000 | 24,034,000 | 25,053,000 | 26,189,000 | 26,809,000 | 28,906,000 | 30,199,000 | 29,096,000 | 27,667,000 | 28,029,000 | 27,880,000 | 26,220,000 | 25,026,000 | 25,276,000 | 23,867,000 | 25,293,000 | 24,579,000 | 23,203,000 |
| Cash ratio | 0.07 | 0.26 | 0.19 | 0.08 | 0.06 | 0.12 | 0.20 | 0.16 | 0.11 | 0.15 | 0.12 | 0.12 | 0.16 | 0.20 | 0.19 | 0.16 | 0.19 | 0.18 | 0.20 | 0.15 |
January 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,263,000K
+ $-671,000K)
÷ $23,857,000K
= 0.07
The cash ratio of HP Inc has shown some variability over the past few quarters. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
In Q1 2024, the cash ratio was 0.15, indicating that HP Inc had $0.15 in cash for every $1 of current liabilities. This ratio decreased from the previous quarter, Q4 2023, where the cash ratio was 0.19.
Looking back further, the cash ratio in Q3 2023 was 0.12, illustrating a decrease in the company's ability to cover short-term obligations with cash compared to the preceding quarter.
In Q2 2023 and Q1 2023, the cash ratio remained relatively stable at 0.14, suggesting that HP Inc maintained a consistent level of liquidity during these periods.
The highest cash ratio was observed in Q3 2022 at 0.27, indicating a stronger ability to meet short-term liabilities with cash reserves. This ratio decreased in the subsequent quarters but remained above 0.20 until Q1 2023.
Overall, HP Inc's cash ratio has shown some fluctuation, indicating changes in the company's liquidity position. It is important for investors and stakeholders to monitor these trends to assess the company's ability to meet its short-term financial obligations.
Peer comparison
Jan 31, 2024