HP Inc (HPQ)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | -1,640,000 | -1,069,000 | -2,245,000 | -2,593,000 | -3,827,000 | -3,025,000 | -2,376,000 | -1,960,000 | -2,328,000 | -1,644,000 | -3,942,000 | -3,360,000 | -3,235,000 | -2,275,000 | -1,986,000 | -743,000 | -1,634,000 | -1,193,000 | -1,131,000 | -1,487,000 |
| Debt-to-equity ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
January 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $9,301,000K ÷ $-1,640,000K
= —
Unfortunately, I do not have access to the specific data required to calculate HP Inc's debt-to-equity ratio for the periods mentioned in the table. To conduct a comprehensive analysis of this ratio, I would need the values of total debt and total equity from these quarters. Once I have this information, I can calculate the debt-to-equity ratio for each period and analyze the trend over time.
Typically, a higher debt-to-equity ratio indicates that the company is financing its operations more through debt rather than equity. This can be a sign of financial risk, as higher levels of debt could lead to increased interest payments and potentially financial distress if not managed properly.
Conversely, a lower debt-to-equity ratio may indicate a more conservative financial structure, with a greater reliance on equity financing. This could imply a lower risk profile for the company, as there is less leverage and lower interest expense to contend with.
Analyzing HP Inc's debt-to-equity ratio over multiple periods will provide insights into its capital structure decisions and financial health. If you have the specific financial data for these quarters, I would be happy to assist you in performing the necessary calculations and analysis.
Peer comparison
Jan 31, 2024