HP Historical Balance Sheet
HPQ Stock | USD 38.13 0.22 0.58% |
Trend analysis of HP Inc balance sheet accounts such as Other Current Liabilities of 11 B or Total Current Liabilities of 25 B provides information on HP's total assets, liabilities, and equity, which is the actual value of HP Inc to its prevalent stockholders. By breaking down trends over time using HP balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining HP Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether HP Inc is a good buy for the upcoming year.
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About HP Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of HP Inc at a specified time, usually calculated after every quarter, six months, or one year. HP Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of HP and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which HP currently owns. An asset can also be divided into two categories, current and non-current.
HP Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of HP assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in HP Inc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on HP balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of HP Inc are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Liabilities And Stockholders Equity
The total of all liabilities and equity in the company, which should equal the company's total assets according to the accounting equation.Most accounts from HP's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into HP Inc current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HP Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. At this time, HP's Net Receivables is relatively stable compared to the past year. As of 11/24/2024, Common Stock Shares Outstanding is likely to grow to about 1.6 B, though Total Stockholder Equity is likely to grow to (1.2 B).
2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 11.0B | 10.7B | 12.3B | 9.3B | Total Assets | 38.6B | 37.0B | 42.6B | 56.0B |
HP balance sheet Correlations
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HP Account Relationship Matchups
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High Negative Relationship
HP balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 34.7B | 38.6B | 38.6B | 37.0B | 42.6B | 56.0B | |
Short Long Term Debt Total | 6.2B | 7.5B | 11.0B | 10.7B | 12.3B | 9.3B | |
Other Current Liab | 8.1B | 10.7B | 9.3B | 7.1B | 8.2B | 11.0B | |
Total Current Liabilities | 26.2B | 29.1B | 26.2B | 24.5B | 28.2B | 25.0B | |
Total Stockholder Equity | (2.2B) | (1.7B) | (2.9B) | (1.1B) | (1.2B) | (1.2B) | |
Property Plant And Equipment Net | 2.6B | 2.5B | 2.8B | 4.0B | 4.6B | 6.0B | |
Net Debt | 1.4B | 3.2B | 7.9B | 7.6B | 8.8B | 9.2B | |
Retained Earnings | (2.0B) | (2.5B) | (4.4B) | (2.4B) | (2.7B) | (2.6B) | |
Cash | 4.9B | 4.3B | 3.1B | 3.2B | 3.7B | 6.9B | |
Non Current Assets Total | 14.0B | 16.4B | 18.8B | 19.0B | 21.9B | 26.6B | |
Non Currrent Assets Other | 2.5B | 7.1B | 7.5B | 1.5B | 1.7B | 1.6B | |
Cash And Short Term Investments | 4.9B | 4.3B | 3.1B | 3.2B | 3.7B | 7.0B | |
Net Receivables | 5.4B | 5.5B | 4.5B | 6.4B | 7.4B | 10.5B | |
Common Stock Shares Outstanding | 1.4B | 1.2B | 1.1B | 1B | 900M | 1.6B | |
Liabilities And Stockholders Equity | 34.7B | 38.6B | 38.6B | 37.0B | 42.6B | 56.0B | |
Non Current Liabilities Total | 10.7B | 11.2B | 15.4B | 13.6B | 15.6B | 12.9B | |
Inventory | 6.0B | 7.9B | 7.6B | 6.9B | 7.9B | 5.8B | |
Other Current Assets | 4.2B | 4.4B | 4.5B | 1.4B | 1.7B | 1.6B | |
Other Stockholder Equity | 963M | 1.1B | 1.2B | 1.5B | 1.7B | 1.6B | |
Total Liab | 36.9B | 40.3B | 41.5B | 38.1B | 43.8B | 37.9B | |
Total Current Assets | 20.6B | 22.2B | 19.8B | 18.0B | 20.7B | 29.4B | |
Short Term Debt | 949M | 1.5B | 218M | 660M | 759M | 721.1M | |
Accounts Payable | 14.7B | 16.1B | 15.3B | 14.0B | 16.2B | 9.6B | |
Current Deferred Revenue | 1.2B | 1.3B | 1.4B | 1.4B | 1.6B | 1.6B | |
Common Stock Total Equity | 15M | 13M | 11M | 10M | 9M | 8.6M | |
Property Plant And Equipment Gross | 3.7B | 8.7B | 8.8B | 8.9B | 10.2B | 7.8B | |
Accumulated Other Comprehensive Income | (1.2B) | (260M) | 313M | (223M) | (256.5M) | (269.3M) | |
Common Stock | 15M | 13M | 11M | 10M | 9M | 8.6M | |
Other Liab | 4.2B | 4.8B | 4.6B | 3.4B | 4.0B | 3.8B | |
Other Assets | 3.3B | 7.1B | 7.5B | 4.7B | 5.4B | 7.6B | |
Long Term Debt | 5.5B | 6.4B | 10.8B | 9.3B | 10.6B | 9.6B | |
Good Will | 6.4B | 6.8B | 8.5B | 8.6B | 7.7B | 14.0B | |
Intangible Assets | 540M | 784M | 1.9B | 1.6B | 1.4B | 1.4B | |
Property Plant Equipment | 2.6B | 2.5B | 2.8B | 4.0B | 3.6B | 5.4B | |
Deferred Long Term Liab | 30M | 34M | 36M | 44M | 50.6M | 82.0M | |
Net Tangible Assets | (8.6B) | (8.5B) | (11.5B) | (11.3B) | (12.9B) | (13.6B) |
Pair Trading with HP
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if HP position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in HP will appreciate offsetting losses from the drop in the long position's value.Moving together with HP Stock
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Moving against HP Stock
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The ability to find closely correlated positions to HP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HP when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back HP - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling HP Inc to buy it.
The correlation of HP is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as HP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HP Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for HP can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for HP Stock Analysis
When running HP's price analysis, check to measure HP's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy HP is operating at the current time. Most of HP's value examination focuses on studying past and present price action to predict the probability of HP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HP's price. Additionally, you may evaluate how the addition of HP to your portfolios can decrease your overall portfolio volatility.