HP Inc (HPQ)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 16,858,000 | 17,977,000 | 17,463,000 | 17,023,000 | 17,305,000 | 19,736,000 | 22,996,000 | 23,515,000 | 22,432,000 | 22,170,000 | 20,603,000 | 20,091,000 | 20,438,000 | 20,648,000 | 20,269,000 | 19,660,000 | 17,477,000 | 20,177,000 | 19,683,000 | 18,285,000 |
| 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 |
| Current ratio | 0.71 | 0.73 | 0.69 | 0.71 | 0.69 | 0.75 | 0.86 | 0.81 | 0.74 | 0.76 | 0.74 | 0.72 | 0.73 | 0.79 | 0.81 | 0.78 | 0.73 | 0.80 | 0.80 | 0.79 |
January 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $16,858,000K ÷ $23,857,000K
= 0.71
HP Inc's current ratio has shown some fluctuations over the past eight quarters. In Q1 2023, the current ratio was 0.69, indicating that the company's current assets were 69% of its current liabilities. This ratio improved to 0.76 in Q4 2022, but decreased to 0.71 in Q1 2024, reflecting a potential liquidity concern as current assets may not be sufficient to cover current obligations.
Overall, the current ratio has been hovering around 0.70 to 0.86 over the past eight quarters, with a significant drop in Q3 2022 to 0.69. A general downward trend can be observed in the recent quarters, indicating a potential strain on HP Inc's short-term liquidity position. It would be advisable for investors and stakeholders to closely monitor this ratio in the upcoming periods to assess HP Inc's ability to meet its short-term obligations.
Peer comparison
Jan 31, 2024