HP Inc (HPQ)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 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 | 4,780,000 | — | — |
| Total assets | US$ in thousands | 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 | 33,467,000 | 32,405,000 | 31,946,000 |
| Debt-to-assets ratio | 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 | 0.14 | 0.00 | 0.00 |
January 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $9,301,000K ÷ $35,846,000K
= 0.26
The debt-to-assets ratio of HP Inc has shown a relatively stable trend over the past eight quarters, ranging from 0.23 to 0.30. This ratio measures the proportion of the company's total debt in relation to its total assets. A lower ratio indicates that a company relies less on debt to finance its operations, while a higher ratio suggests a higher level of leverage.
In the most recent quarter, Q1 2024, the debt-to-assets ratio was 0.27, indicating that approximately 27% of HP Inc's total assets were financed through debt. This was a slight increase from the previous quarter's ratio of 0.26. The company's ratio has generally remained in the range of 0.26 to 0.30 over the past two years, showing a consistent level of debt utilization in relation to its asset base.
Overall, HP Inc's debt-to-assets ratio appears to be at a manageable level, suggesting a prudent approach to debt management. The stability of this ratio over time indicates a cautious approach to leveraging the company's assets, which may provide a degree of financial stability and resilience against economic uncertainties.
Peer comparison
Jan 31, 2024