HP Inc (HPQ)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 8,263,000 | 8,229,000 | 9,327,000 | 9,301,000 | 9,254,000 | 9,236,000 | 10,360,000 | 10,337,000 | 10,796,000 | 10,294,000 | 8,304,000 | 6,368,000 | 6,386,000 | 6,898,000 | 4,917,000 | 4,939,000 | 5,543,000 | 5,981,000 | 3,941,000 | 3,932,000 |
| Total assets | US$ in thousands | 39,909,000 | 38,059,000 | 37,433,000 | 35,846,000 | 37,004,000 | 36,632,000 | 36,366,000 | 36,148,000 | 38,494,000 | 39,247,000 | 39,901,000 | 38,912,000 | 38,610,000 | 35,523,000 | 34,549,000 | 34,737,000 | 34,681,000 | 34,244,000 | 33,773,000 | 31,656,000 |
| Debt-to-assets ratio | 0.21 | 0.22 | 0.25 | 0.26 | 0.25 | 0.25 | 0.28 | 0.29 | 0.28 | 0.26 | 0.21 | 0.16 | 0.17 | 0.19 | 0.14 | 0.14 | 0.16 | 0.17 | 0.12 | 0.12 |
October 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $8,263,000K ÷ $39,909,000K
= 0.21
The debt-to-assets ratio of HP Inc has shown some fluctuations over the past few years. The ratio has generally been within the range of 0.12 to 0.29, indicating the proportion of the company's assets financed by debt.
From January 2020 to October 2020, there was a slight increase in the debt-to-assets ratio from 0.12 to 0.16, suggesting a higher level of debt relative to assets during that period. Subsequently, from January 2021 to April 2022, there was a notable increase in the ratio from 0.14 to 0.28, indicating a significant surge in debt relative to assets.
However, there was a decrease in the debt-to-assets ratio from April 2022 to July 2023, where it declined from 0.28 to 0.25. This reduction suggests either a decrease in debt or an increase in assets during that period.
Overall, the trend in the debt-to-assets ratio for HP Inc indicates variations in the company's leverage levels and its ability to finance assets with debt. An increasing ratio could indicate higher financial risk, while a decreasing ratio may signify a stronger financial position with a lower reliance on debt for asset financing. It is important for stakeholders to monitor these changes to assess the company's financial health and risk profile.
Peer comparison
Oct 31, 2024