Stock Analysis on Net
Stock Analysis on Net

Hewlett Packard Enterprise Co. (NYSE:HPE)

This company has been moved to the archive! The financial data has not been updated since June 5, 2024.

Adjusted Financial Ratios

Microsoft Excel

Adjusted Financial Ratios (Summary)

Hewlett Packard Enterprise Co., adjusted financial ratios

Microsoft Excel
Oct 31, 2023 Oct 31, 2022 Oct 31, 2021 Oct 31, 2020 Oct 31, 2019 Oct 31, 2018
Activity Ratio
Total Asset Turnover
Reported 0.51 0.50 0.48 0.50 0.56 0.56
Adjusted 0.54 0.52 0.50 0.52 0.55 0.55
Liquidity Ratio
Current Ratio
Reported 0.87 0.88 0.91 0.88 0.79 1.00
Adjusted 1.06 1.06 1.12 1.13 0.98 1.28
Solvency Ratios
Debt to Equity
Reported 0.58 0.63 0.67 0.99 0.81 0.57
Adjusted 0.50 0.54 0.57 0.79 0.76 0.60
Debt to Capital
Reported 0.37 0.39 0.40 0.50 0.45 0.36
Adjusted 0.34 0.35 0.36 0.44 0.43 0.38
Financial Leverage
Reported 2.70 2.88 2.89 3.37 3.03 2.61
Adjusted 2.05 2.19 2.18 2.42 2.38 2.20
Profitability Ratios
Net Profit Margin
Reported 6.95% 3.05% 12.33% -1.19% 3.60% 6.18%
Adjusted 8.34% 1.42% 15.39% -1.37% 5.67% 5.93%
Return on Equity (ROE)
Reported 9.56% 4.37% 17.16% -2.01% 6.14% 8.98%
Adjusted 9.24% 1.61% 16.86% -1.73% 7.36% 7.17%
Return on Assets (ROA)
Reported 3.54% 1.52% 5.94% -0.60% 2.02% 3.44%
Adjusted 4.50% 0.73% 7.72% -0.71% 3.09% 3.26%

Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31).

Financial ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Hewlett Packard Enterprise Co. adjusted total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Hewlett Packard Enterprise Co. adjusted current ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Hewlett Packard Enterprise Co. adjusted debt-to-equity ratio improved from 2021 to 2022 and from 2022 to 2023.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Hewlett Packard Enterprise Co. adjusted debt-to-capital ratio improved from 2021 to 2022 and from 2022 to 2023.
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Hewlett Packard Enterprise Co. adjusted financial leverage ratio increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Hewlett Packard Enterprise Co. adjusted net profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Hewlett Packard Enterprise Co. adjusted ROE deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Hewlett Packard Enterprise Co. adjusted ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

Hewlett Packard Enterprise Co., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Microsoft Excel
Oct 31, 2023 Oct 31, 2022 Oct 31, 2021 Oct 31, 2020 Oct 31, 2019 Oct 31, 2018
Reported
Selected Financial Data (US$ in millions)
Net revenue 29,135 28,496 27,784 26,982 29,135 30,852
Total assets 57,153 57,123 57,699 54,015 51,803 55,493
Activity Ratio
Total asset turnover1 0.51 0.50 0.48 0.50 0.56 0.56
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net revenue2 29,668 28,522 27,949 27,212 29,297 31,060
Adjusted total assets3 54,926 55,021 55,699 52,283 53,668 56,518
Activity Ratio
Adjusted total asset turnover4 0.54 0.52 0.50 0.52 0.55 0.55

Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31).

1 2023 Calculation
Total asset turnover = Net revenue ÷ Total assets
= 29,135 ÷ 57,153 = 0.51

2 Adjusted net revenue. See details »

3 Adjusted total assets. See details »

4 2023 Calculation
Adjusted total asset turnover = Adjusted net revenue ÷ Adjusted total assets
= 29,668 ÷ 54,926 = 0.54

Activity ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Hewlett Packard Enterprise Co. adjusted total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Adjusted Current Ratio

Microsoft Excel
Oct 31, 2023 Oct 31, 2022 Oct 31, 2021 Oct 31, 2020 Oct 31, 2019 Oct 31, 2018
Reported
Selected Financial Data (US$ in millions)
Current assets 18,948 20,506 18,878 16,556 15,143 17,272
Current liabilities 21,882 23,174 20,687 18,738 19,159 17,198
Liquidity Ratio
Current ratio1 0.87 0.88 0.91 0.88 0.79 1.00
Adjusted
Selected Financial Data (US$ in millions)
Adjusted current assets2 18,985 20,531 18,901 16,602 15,174 17,311
Adjusted current liabilities3 17,877 19,339 16,826 14,750 15,531 13,486
Liquidity Ratio
Adjusted current ratio4 1.06 1.06 1.12 1.13 0.98 1.28

Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31).

1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 18,948 ÷ 21,882 = 0.87

2 Adjusted current assets. See details »

3 Adjusted current liabilities. See details »

4 2023 Calculation
Adjusted current ratio = Adjusted current assets ÷ Adjusted current liabilities
= 18,985 ÷ 17,877 = 1.06

Liquidity ratio Description The company
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Hewlett Packard Enterprise Co. adjusted current ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Adjusted Debt to Equity

Microsoft Excel
Oct 31, 2023 Oct 31, 2022 Oct 31, 2021 Oct 31, 2020 Oct 31, 2019 Oct 31, 2018
Reported
Selected Financial Data (US$ in millions)
Total debt 12,355 12,465 13,448 15,941 13,820 12,141
Total HPE stockholders’ equity 21,182 19,864 19,971 16,049 17,098 21,239
Solvency Ratio
Debt to equity1 0.58 0.63 0.67 0.99 0.81 0.57
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 13,515 13,484 14,578 17,027 17,169 15,530
Adjusted total stockholders’ equity3 26,774 25,085 25,508 21,620 22,556 25,685
Solvency Ratio
Adjusted debt to equity4 0.50 0.54 0.57 0.79 0.76 0.60

Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31).

1 2023 Calculation
Debt to equity = Total debt ÷ Total HPE stockholders’ equity
= 12,355 ÷ 21,182 = 0.58

2 Adjusted total debt. See details »

3 Adjusted total stockholders’ equity. See details »

4 2023 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted total stockholders’ equity
= 13,515 ÷ 26,774 = 0.50

Solvency ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Hewlett Packard Enterprise Co. adjusted debt-to-equity ratio improved from 2021 to 2022 and from 2022 to 2023.

Adjusted Debt to Capital

Microsoft Excel
Oct 31, 2023 Oct 31, 2022 Oct 31, 2021 Oct 31, 2020 Oct 31, 2019 Oct 31, 2018
Reported
Selected Financial Data (US$ in millions)
Total debt 12,355 12,465 13,448 15,941 13,820 12,141
Total capital 33,537 32,329 33,419 31,990 30,918 33,380
Solvency Ratio
Debt to capital1 0.37 0.39 0.40 0.50 0.45 0.36
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 13,515 13,484 14,578 17,027 17,169 15,530
Adjusted total capital3 40,289 38,569 40,086 38,647 39,725 41,215
Solvency Ratio
Adjusted debt to capital4 0.34 0.35 0.36 0.44 0.43 0.38

Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31).

1 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 12,355 ÷ 33,537 = 0.37

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2023 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 13,515 ÷ 40,289 = 0.34

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Hewlett Packard Enterprise Co. adjusted debt-to-capital ratio improved from 2021 to 2022 and from 2022 to 2023.

Adjusted Financial Leverage

Microsoft Excel
Oct 31, 2023 Oct 31, 2022 Oct 31, 2021 Oct 31, 2020 Oct 31, 2019 Oct 31, 2018
Reported
Selected Financial Data (US$ in millions)
Total assets 57,153 57,123 57,699 54,015 51,803 55,493
Total HPE stockholders’ equity 21,182 19,864 19,971 16,049 17,098 21,239
Solvency Ratio
Financial leverage1 2.70 2.88 2.89 3.37 3.03 2.61
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets2 54,926 55,021 55,699 52,283 53,668 56,518
Adjusted total stockholders’ equity3 26,774 25,085 25,508 21,620 22,556 25,685
Solvency Ratio
Adjusted financial leverage4 2.05 2.19 2.18 2.42 2.38 2.20

Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31).

1 2023 Calculation
Financial leverage = Total assets ÷ Total HPE stockholders’ equity
= 57,153 ÷ 21,182 = 2.70

2 Adjusted total assets. See details »

3 Adjusted total stockholders’ equity. See details »

4 2023 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted total stockholders’ equity
= 54,926 ÷ 26,774 = 2.05

Solvency ratio Description The company
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Hewlett Packard Enterprise Co. adjusted financial leverage ratio increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.

Adjusted Net Profit Margin

Microsoft Excel
Oct 31, 2023 Oct 31, 2022 Oct 31, 2021 Oct 31, 2020 Oct 31, 2019 Oct 31, 2018
Reported
Selected Financial Data (US$ in millions)
Net earnings (loss) attributable to HPE 2,025 868 3,427 (322) 1,049 1,908
Net revenue 29,135 28,496 27,784 26,982 29,135 30,852
Profitability Ratio
Net profit margin1 6.95% 3.05% 12.33% -1.19% 3.60% 6.18%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net earnings (loss)2 2,474 404 4,301 (373) 1,660 1,842
Adjusted net revenue3 29,668 28,522 27,949 27,212 29,297 31,060
Profitability Ratio
Adjusted net profit margin4 8.34% 1.42% 15.39% -1.37% 5.67% 5.93%

Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31).

1 2023 Calculation
Net profit margin = 100 × Net earnings (loss) attributable to HPE ÷ Net revenue
= 100 × 2,025 ÷ 29,135 = 6.95%

2 Adjusted net earnings (loss). See details »

3 Adjusted net revenue. See details »

4 2023 Calculation
Adjusted net profit margin = 100 × Adjusted net earnings (loss) ÷ Adjusted net revenue
= 100 × 2,474 ÷ 29,668 = 8.34%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Hewlett Packard Enterprise Co. adjusted net profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Adjusted Return on Equity (ROE)

Microsoft Excel
Oct 31, 2023 Oct 31, 2022 Oct 31, 2021 Oct 31, 2020 Oct 31, 2019 Oct 31, 2018
Reported
Selected Financial Data (US$ in millions)
Net earnings (loss) attributable to HPE 2,025 868 3,427 (322) 1,049 1,908
Total HPE stockholders’ equity 21,182 19,864 19,971 16,049 17,098 21,239
Profitability Ratio
ROE1 9.56% 4.37% 17.16% -2.01% 6.14% 8.98%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net earnings (loss)2 2,474 404 4,301 (373) 1,660 1,842
Adjusted total stockholders’ equity3 26,774 25,085 25,508 21,620 22,556 25,685
Profitability Ratio
Adjusted ROE4 9.24% 1.61% 16.86% -1.73% 7.36% 7.17%

Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31).

1 2023 Calculation
ROE = 100 × Net earnings (loss) attributable to HPE ÷ Total HPE stockholders’ equity
= 100 × 2,025 ÷ 21,182 = 9.56%

2 Adjusted net earnings (loss). See details »

3 Adjusted total stockholders’ equity. See details »

4 2023 Calculation
Adjusted ROE = 100 × Adjusted net earnings (loss) ÷ Adjusted total stockholders’ equity
= 100 × 2,474 ÷ 26,774 = 9.24%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Hewlett Packard Enterprise Co. adjusted ROE deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

Adjusted Return on Assets (ROA)

Microsoft Excel
Oct 31, 2023 Oct 31, 2022 Oct 31, 2021 Oct 31, 2020 Oct 31, 2019 Oct 31, 2018
Reported
Selected Financial Data (US$ in millions)
Net earnings (loss) attributable to HPE 2,025 868 3,427 (322) 1,049 1,908
Total assets 57,153 57,123 57,699 54,015 51,803 55,493
Profitability Ratio
ROA1 3.54% 1.52% 5.94% -0.60% 2.02% 3.44%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net earnings (loss)2 2,474 404 4,301 (373) 1,660 1,842
Adjusted total assets3 54,926 55,021 55,699 52,283 53,668 56,518
Profitability Ratio
Adjusted ROA4 4.50% 0.73% 7.72% -0.71% 3.09% 3.26%

Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31).

1 2023 Calculation
ROA = 100 × Net earnings (loss) attributable to HPE ÷ Total assets
= 100 × 2,025 ÷ 57,153 = 3.54%

2 Adjusted net earnings (loss). See details »

3 Adjusted total assets. See details »

4 2023 Calculation
Adjusted ROA = 100 × Adjusted net earnings (loss) ÷ Adjusted total assets
= 100 × 2,474 ÷ 54,926 = 4.50%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Hewlett Packard Enterprise Co. adjusted ROA deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.