HP Inc (HPQ)
Quick ratio
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 3,238,000 | 2,785,000 | 2,442,000 | 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 |
| Short-term investments | US$ in thousands | — | 4,632,000 | — | -671,000 | 3,336,000 | 3,197,000 | — | — | — | — | 5,000 | 5,000 | 5,000 | 8,000 | 12,000 | 3,000 | 274,000 | 57,000 | 52,000 | 348,000 |
| Receivables | US$ in thousands | 7,297,000 | 6,205,000 | 6,015,000 | 5,223,000 | 5,586,000 | 6,235,000 | 5,436,000 | 5,591,000 | 1,270,000 | 6,600,000 | 7,166,000 | 7,621,000 | 7,844,000 | 7,126,000 | 6,950,000 | 7,558,000 | 7,473,000 | 7,297,000 | 7,240,000 | 6,129,000 |
| Total current liabilities | US$ in thousands | 28,687,000 | 27,043,000 | 24,839,000 | 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 |
| Quick ratio | 0.37 | 0.50 | 0.34 | 0.29 | 0.49 | 0.44 | 0.31 | 0.28 | 0.17 | 0.45 | 0.40 | 0.36 | 0.42 | 0.38 | 0.37 | 0.42 | 0.48 | 0.48 | 0.45 | 0.45 |
October 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,238,000K
+ $—K
+ $7,297,000K)
÷ $28,687,000K
= 0.37
The quick ratio of HP Inc has exhibited fluctuations over the past few periods. The quick ratio measures the company's ability to meet short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulties meeting its short-term liabilities.
Based on the data provided, HP Inc's quick ratio ranged from a low of 0.17 to a high of 0.50. The quick ratio was notably low at 0.17 as of Oct 31, 2022, suggesting a potential liquidity risk for the company in that period. Subsequently, the quick ratio improved to 0.50 as of Jul 31, 2024, indicating a better ability to cover short-term obligations with liquid assets.
Overall, the trend in HP Inc's quick ratio shows variability, with some periods indicating stronger liquidity positions than others. It is important for the company to consistently monitor and manage its liquidity to ensure it can meet its short-term obligations effectively.
Peer comparison
Oct 31, 2024