HP (BSP:HPQB34) Interest Expense : R$-2,584 Mil (TTM As of Jan. 2024)

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What is HP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. HP's interest expense for the three months ended in Jan. 2024 was R$ -571 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was R$-2,584 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. HP's Operating Income for the three months ended in Jan. 2024 was R$ 5,041 Mil. HP's Interest Expense for the three months ended in Jan. 2024 was R$ -571 Mil. HP's Interest Coverage for the quarter that ended in Jan. 2024 was 8.84. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

HP Interest Expense Historical Data

The historical data trend for HP's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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HP Interest Expense Chart

HP Annual Data

Trend

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Interest Expense

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-987.97

-1,344.45

-1,407.57

-1,885.50

-2,770.63

HP Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-742.49	-768.29	-643.27	-601.65	-570.51

HP Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was R$-2,584 Mil.

HP (BSP:HPQB34) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

HP's Interest Expense for the three months ended in Jan. 2024 was R$-571 Mil. Its Operating Income for the three months ended in Jan. 2024 was R$5,041 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was R$49,753 Mil.

HP's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	5041.155	/	-570.511
	=	8.84

The higher the ratio, the stronger the company's financial strength is.

HP (BSP:HPQB34) Business Description

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Address

1501 Page Mill Road, Palo Alto, CA, USA, 94304

Website

https://www.hp.com

HP (formerly Hewlett-Packard) is a behemoth in the PC and printing markets. It has focused on these markets since it exited IT infrastructure in 2015 with the split from Hewlett Packard Enterprise. HP focuses on the commercial market, but maintains sales of consumer devices and printers. The firm has a broad and global customer base, with only one third of sales coming from the U.S. It completely outsources manufacturing and relies heavily on channel partners for its sales and marketing.

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