Analysis of Liquidity Ratios
Quarterly Data
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Hewlett Packard Enterprise Co., liquidity ratios (quarterly data)
Based on: 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-K (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-K (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31), 10-K (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-K (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30), 10-Q (reporting date: 2018-01-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Hewlett Packard Enterprise Co. current ratio improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Hewlett Packard Enterprise Co. quick ratio deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Hewlett Packard Enterprise Co. cash ratio deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
Current Ratio
Hewlett Packard Enterprise Co., current ratio calculation (quarterly data)
| Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | Jan 31, 2019 | Oct 31, 2018 | Jul 31, 2018 | Apr 30, 2018 | Jan 31, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||||||
| Current assets | 21,427) | 20,244) | 18,948) | 17,655) | 17,560) | 18,234) | 20,506) | 19,521) | 18,172) | 19,342) | 18,878) | 18,745) | 16,703) | 16,072) | 16,556) | 21,383) | 17,983) | 14,751) | 15,143) | 15,117) | 15,000) | 15,432) | 17,272) | 17,467) | 19,792) | 20,499) | ||||||||
| Current liabilities | 23,750) | 22,635) | 21,882) | 20,170) | 20,251) | 21,476) | 23,174) | 21,299) | 20,190) | 20,473) | 20,687) | 19,641) | 17,980) | 17,931) | 18,738) | 21,610) | 20,197) | 18,754) | 19,159) | 17,158) | 16,077) | 16,459) | 17,198) | 17,407) | 19,084) | 19,343) | ||||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||||||||
| Current ratio1 | 0.90 | 0.89 | 0.87 | 0.88 | 0.87 | 0.85 | 0.88 | 0.92 | 0.90 | 0.94 | 0.91 | 0.95 | 0.93 | 0.90 | 0.88 | 0.99 | 0.89 | 0.79 | 0.79 | 0.88 | 0.93 | 0.94 | 1.00 | 1.00 | 1.04 | 1.06 | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Current Ratio, Competitors2 | ||||||||||||||||||||||||||||||||||
| Apple Inc. | 1.04 | 1.07 | 0.99 | 0.98 | 0.94 | 0.94 | 0.88 | 0.86 | 0.93 | 1.04 | 1.07 | 1.06 | 1.14 | 1.16 | 1.36 | 1.47 | 1.50 | 1.60 | 1.54 | 1.50 | 1.32 | 1.30 | 1.12 | 1.31 | 1.46 | 1.24 | ||||||||
| Arista Networks Inc. | 4.55 | 5.01 | 4.39 | 4.15 | 4.14 | 3.96 | 4.29 | 4.01 | 3.70 | 3.73 | 4.34 | 5.06 | 5.03 | 5.09 | 4.99 | 5.50 | 5.59 | 5.82 | 5.81 | 5.91 | 5.77 | 5.34 | — | — | — | — | ||||||||
| Cisco Systems Inc. | 1.37 | 1.47 | 1.38 | 1.39 | 1.41 | 1.45 | 1.43 | 1.49 | 1.42 | 1.62 | 1.49 | 1.53 | 1.61 | 1.59 | 1.72 | 1.59 | 1.81 | 1.70 | 1.51 | 1.69 | 1.80 | 2.11 | — | — | — | — | ||||||||
| Super Micro Computer Inc. | 2.43 | 2.23 | 2.31 | 2.49 | 2.89 | 2.13 | 1.91 | 1.79 | 1.91 | 1.85 | 1.93 | 2.10 | 2.29 | 2.51 | 2.25 | 2.10 | 2.26 | 2.41 | 2.35 | 2.40 | 2.10 | 2.02 | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-K (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-K (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31), 10-K (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-K (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30), 10-Q (reporting date: 2018-01-31).
1 Q2 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 21,427 ÷ 23,750 = 0.90
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Hewlett Packard Enterprise Co. current ratio improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
Quick Ratio
Hewlett Packard Enterprise Co., quick ratio calculation (quarterly data)
| Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | Jan 31, 2019 | Oct 31, 2018 | Jul 31, 2018 | Apr 30, 2018 | Jan 31, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||||||
| Cash and cash equivalents | 2,676) | 3,758) | 4,270) | 2,919) | 2,781) | 2,530) | 4,163) | 3,762) | 3,027) | 3,861) | 3,996) | 5,293) | 4,625) | 4,165) | 4,233) | 8,465) | 5,131) | 3,171) | 3,753) | 3,693) | 3,585) | 3,781) | 4,880) | 5,193) | 6,986) | 7,673) | ||||||||
| Accounts receivable, net of allowances | 3,840) | 3,781) | 3,481) | 3,448) | 3,711) | 4,201) | 4,101) | 3,367) | 3,122) | 3,432) | 3,979) | 3,297) | 2,936) | 2,933) | 3,386) | 2,856) | 2,610) | 2,864) | 2,957) | 2,965) | 3,143) | 3,183) | 3,263) | 2,906) | 3,099) | 3,098) | ||||||||
| Financing receivables, net of allowances | 3,646) | 3,629) | 3,543) | 3,718) | 3,716) | 3,726) | 3,522) | 3,607) | 3,655) | 3,815) | 3,932) | 3,814) | 3,845) | 3,883) | 3,794) | 3,797) | 3,630) | 3,591) | 3,572) | 3,567) | 3,453) | 3,487) | 3,396) | 3,435) | 3,503) | 3,515) | ||||||||
| Total quick assets | 10,162) | 11,168) | 11,294) | 10,085) | 10,208) | 10,457) | 11,786) | 10,736) | 9,804) | 11,108) | 11,907) | 12,404) | 11,406) | 10,981) | 11,413) | 15,118) | 11,371) | 9,626) | 10,282) | 10,225) | 10,181) | 10,451) | 11,539) | 11,534) | 13,588) | 14,286) | ||||||||
| Current liabilities | 23,750) | 22,635) | 21,882) | 20,170) | 20,251) | 21,476) | 23,174) | 21,299) | 20,190) | 20,473) | 20,687) | 19,641) | 17,980) | 17,931) | 18,738) | 21,610) | 20,197) | 18,754) | 19,159) | 17,158) | 16,077) | 16,459) | 17,198) | 17,407) | 19,084) | 19,343) | ||||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||||||||
| Quick ratio1 | 0.43 | 0.49 | 0.52 | 0.50 | 0.50 | 0.49 | 0.51 | 0.50 | 0.49 | 0.54 | 0.58 | 0.63 | 0.63 | 0.61 | 0.61 | 0.70 | 0.56 | 0.51 | 0.54 | 0.60 | 0.63 | 0.63 | 0.67 | 0.66 | 0.71 | 0.74 | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Quick Ratio, Competitors2 | ||||||||||||||||||||||||||||||||||
| Apple Inc. | 0.87 | 0.92 | 0.84 | 0.81 | 0.76 | 0.77 | 0.71 | 0.70 | 0.76 | 0.88 | 0.91 | 0.89 | 0.97 | 1.02 | 1.22 | 1.31 | 1.30 | 1.44 | 1.38 | 1.35 | 1.13 | 1.14 | 0.99 | 1.10 | 1.24 | 1.11 | ||||||||
| Arista Networks Inc. | 3.47 | 3.67 | 3.16 | 2.86 | 2.73 | 2.65 | 3.05 | 2.89 | 2.73 | 2.97 | 3.54 | 4.23 | 4.24 | 4.33 | 4.25 | 4.73 | 4.94 | 5.22 | 5.22 | 5.28 | 4.95 | 4.46 | — | — | — | — | ||||||||
| Cisco Systems Inc. | 1.10 | 1.18 | 1.13 | 1.11 | 1.13 | 1.16 | 1.16 | 1.23 | 1.20 | 1.41 | 1.32 | 1.35 | 1.46 | 1.45 | 1.58 | 1.46 | 1.64 | 1.54 | 1.39 | 1.56 | 1.67 | 1.97 | — | — | — | — | ||||||||
| Super Micro Computer Inc. | 1.12 | 0.87 | 1.16 | 0.95 | 1.17 | 0.72 | 0.75 | 0.62 | 0.62 | 0.66 | 0.72 | 0.75 | 0.95 | 1.06 | 0.87 | 0.81 | 1.00 | 1.01 | 1.06 | 0.88 | 0.76 | 0.75 | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-K (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-K (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31), 10-K (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-K (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30), 10-Q (reporting date: 2018-01-31).
1 Q2 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 10,162 ÷ 23,750 = 0.43
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Hewlett Packard Enterprise Co. quick ratio deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
Cash Ratio
Hewlett Packard Enterprise Co., cash ratio calculation (quarterly data)
| Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | Jan 31, 2019 | Oct 31, 2018 | Jul 31, 2018 | Apr 30, 2018 | Jan 31, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||||||
| Cash and cash equivalents | 2,676) | 3,758) | 4,270) | 2,919) | 2,781) | 2,530) | 4,163) | 3,762) | 3,027) | 3,861) | 3,996) | 5,293) | 4,625) | 4,165) | 4,233) | 8,465) | 5,131) | 3,171) | 3,753) | 3,693) | 3,585) | 3,781) | 4,880) | 5,193) | 6,986) | 7,673) | ||||||||
| Total cash assets | 2,676) | 3,758) | 4,270) | 2,919) | 2,781) | 2,530) | 4,163) | 3,762) | 3,027) | 3,861) | 3,996) | 5,293) | 4,625) | 4,165) | 4,233) | 8,465) | 5,131) | 3,171) | 3,753) | 3,693) | 3,585) | 3,781) | 4,880) | 5,193) | 6,986) | 7,673) | ||||||||
| Current liabilities | 23,750) | 22,635) | 21,882) | 20,170) | 20,251) | 21,476) | 23,174) | 21,299) | 20,190) | 20,473) | 20,687) | 19,641) | 17,980) | 17,931) | 18,738) | 21,610) | 20,197) | 18,754) | 19,159) | 17,158) | 16,077) | 16,459) | 17,198) | 17,407) | 19,084) | 19,343) | ||||||||
| Liquidity Ratio | ||||||||||||||||||||||||||||||||||
| Cash ratio1 | 0.11 | 0.17 | 0.20 | 0.14 | 0.14 | 0.12 | 0.18 | 0.18 | 0.15 | 0.19 | 0.19 | 0.27 | 0.26 | 0.23 | 0.23 | 0.39 | 0.25 | 0.17 | 0.20 | 0.22 | 0.22 | 0.23 | 0.28 | 0.30 | 0.37 | 0.40 | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Cash Ratio, Competitors2 | ||||||||||||||||||||||||||||||||||
| Apple Inc. | 0.54 | 0.55 | 0.42 | 0.50 | 0.47 | 0.37 | 0.31 | 0.37 | 0.40 | 0.43 | 0.50 | 0.57 | 0.66 | 0.58 | 0.86 | 0.98 | 0.98 | 1.05 | 0.95 | 1.05 | 0.85 | 0.80 | 0.57 | 0.80 | 0.98 | 0.67 | ||||||||
| Arista Networks Inc. | 2.90 | 3.06 | 2.62 | 2.41 | 2.26 | 2.10 | 2.34 | 2.37 | 2.27 | 2.50 | 3.07 | 3.79 | 3.82 | 3.85 | 3.74 | 4.28 | 4.35 | 4.60 | 4.56 | 4.46 | 4.30 | 3.96 | — | — | — | — | ||||||||
| Cisco Systems Inc. | 0.83 | 0.87 | 0.84 | 0.81 | 0.81 | 0.79 | 0.75 | 0.83 | 0.81 | 1.00 | 0.93 | 0.97 | 1.12 | 1.11 | 1.16 | 1.10 | 1.23 | 1.14 | 1.05 | 1.24 | 1.37 | 1.61 | — | — | — | — | ||||||||
| Super Micro Computer Inc. | 0.36 | 0.34 | 0.32 | 0.33 | 0.33 | 0.18 | 0.18 | 0.17 | 0.21 | 0.25 | 0.24 | 0.23 | 0.47 | 0.51 | 0.30 | 0.38 | 0.46 | 0.41 | 0.41 | 0.30 | 0.16 | 0.14 | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-K (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-K (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31), 10-K (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-K (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30), 10-Q (reporting date: 2018-01-31).
1 Q2 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 2,676 ÷ 23,750 = 0.11
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Hewlett Packard Enterprise Co. cash ratio deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |