HP Inc (HPQ)
Financial leverage ratio
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 39,909,000 | 37,004,000 | 38,494,000 | 38,610,000 | 34,681,000 |
| Total stockholders’ equity | US$ in thousands | -1,323,000 | -1,069,000 | -3,025,000 | -1,644,000 | -2,275,000 |
| Financial leverage ratio | — | — | — | — | — |
October 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $39,909,000K ÷ $-1,323,000K
= —
The financial leverage ratio for HP Inc is not available in the provided data. In order to analyze the company's financial leverage, we would need to calculate the ratio using the company's total debt and total equity figures for each respective year. This ratio helps in understanding the extent to which the company relies on debt financing as compared to equity financing to support its assets and operations. A higher financial leverage ratio indicates a higher level of debt relative to equity, which can amplify returns but also increase financial risk. It would be necessary to compute this ratio using the relevant financial data to evaluate HP Inc's capital structure and financial risk over the years.
Peer comparison
Oct 31, 2024