HP (WBO:HPQ) Debt-to-Equity

: -6.67 (As of Jan. 2024)

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HP's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was €751 Mil. HP's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was €9,286 Mil. HP's Total Stockholders Equity for the quarter that ended in Jan. 2024 was €-1,506 Mil. HP's debt to equity for the quarter that ended in Jan. 2024 was -6.67.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

WBO:HPQ' s Debt-to-Equity Range Over the Past 10 Years
Min: -10.05 Med: -3.06 Max: 0.94
Current: -6.67

During the past 13 years, the highest Debt-to-Equity Ratio of HP was 0.94. The lowest was -10.05. And the median was -3.06.

WBO:HPQ's Debt-to-Equity is not ranked
in the Hardware industry.
Industry Median: 0.28 vs WBO:HPQ: -6.67

HP Debt-to-Equity Historical Data

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

* Premium members only.

HP Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

-4.31

-3.32

-5.34

-4.06

-10.05

HP Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity																-3.24	-4.81	-4.88	-10.05	-6.67

Competitive Comparison

For the Computer Hardware subindustry, HP's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution

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

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

HP Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(625.02	+	9544.813)	/	-1012.343
	=	-10.05

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(750.924	+	9286.488)	/	-1505.52
	=	-6.67

HP (WBO:HPQ) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

HP Debt-to-Equity Related Terms

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HP (WBO:HPQ) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

HPQ:USA HPQ:Mexico 1HPQ:Italy 7HP:Germany HPQB34:Brazil 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.