Hewlett Packard Enterprise Co has a Cash Ratio of 0.17. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for Hewlett Packard Enterprise Co's Cash Ratio or its related term are showing as below:
HPE'
s Cash Ratio Range Over the Past 10 Years
Min: 0.12 Med: 0.23 Max: 0.58
Current: 0.17
During the past 12 years, Hewlett Packard Enterprise Co's highest Cash Ratio was 0.58. The lowest was 0.12. And the median was 0.23.
HPE's Cash Ratio is ranked worse than 84.85% of 2468
companies
in the Hardware industry
Industry Median: 0.66
vs HPE: 0.17
Hewlett Packard Enterprise Co Cash Ratio Historical Data
* 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.
Competitive Comparison of Hewlett Packard Enterprise Co's Cash Ratio
For the Communication Equipment subindustry, Hewlett Packard Enterprise Co's Cash Ratio, along with its competitors' market caps and Cash Ratio 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.
Hewlett Packard Enterprise Co's Cash Ratio Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Hewlett Packard Enterprise Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Hewlett Packard Enterprise Co's Cash Ratio falls into.
Hewlett Packard Enterprise Co Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
* 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.
Hewlett Packard Enterprise Co (NYSE:HPE) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Hewlett Packard Enterprise Co Cash Ratio Related Terms
Thank you for viewing the detailed overview of Hewlett Packard Enterprise Co's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Hewlett Packard Enterprise Co (Hewlett Packard Enterprise Co) Business Description
Hewlett Packard Enterprise is an information technology vendor that provides hardware and software to enterprises. Its primary product lines are compute servers, storage arrays, and networking equipment; it also has a high-performance computing business. HPE's stated goal is to be a complete edge-to-cloud company, and its portfolio enables hybrid clouds and hyperconverged infrastructure. It uses a primarily outsourced manufacturing model and employs 60,000 people worldwide.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HPE has been successfully added to your 