HP (XSGO:HPQ) Cash-to-Debt : 0.21 (As of Jan. 2024)

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What is HP Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. HP's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.21.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, HP couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

The historical rank and industry rank for HP's Cash-to-Debt or its related term are showing as below:

XSGO:HPQ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.69 Max: 1.04
Current: 0.21

During the past 13 years, HP's highest Cash to Debt Ratio was 1.04. The lowest was 0.12. And the median was 0.69.

XSGO:HPQ's Cash-to-Debt is ranked worse than
88.42% of 2470 companies
in the Hardware industry
Industry Median: 1.38 vs XSGO:HPQ: 0.21

HP Cash-to-Debt Historical Data

The historical data trend for HP's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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HP Cash-to-Debt Chart

HP Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

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0.88

0.70

0.49

0.26

0.29

HP Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															0.12	0.16	0.15	0.29	0.21

Competitive Comparison of HP's Cash-to-Debt

For the Computer Hardware subindustry, HP's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

HP's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, HP's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where HP's Cash-to-Debt falls into.

HP Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

HP's Cash to Debt Ratio for the fiscal year that ended in Oct. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	3107	/	(660	+	10079)
	=	0.29

HP's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	2263	/	(818	+	10116)
	=	0.21

HP (XSGO:HPQ) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

HP Cash-to-Debt Related Terms

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HP (XSGO:HPQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » HP Inc (XSGO:HPQ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HPQ:USA HPQ:Mexico 1HPQ:Italy 7HP:Germany HPQB34:Brazil HPQ:Austria HPQ:Argentina

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.