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HPQHP Inc.
$22.64$20.7B
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HomeStocksHPQBalance Sheet

HP Inc. (HPQ) Balance Sheet

30Y historyFree accessUpdated daily

The company maintains a vulnerable capital structure characterized by a negative equity position of $144 million and a current ratio of 0.79, suggesting limited liquidity buffers.

HPQ Balance Sheet

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly
MetricTTMOct'25Oct'24Oct'23Oct'22Oct'21Oct'20Oct'19Oct'18Oct'17Oct'16Oct'15Oct'14Oct'13Oct'12Oct'11Oct'10Oct'09Oct'08Oct'07Oct'06Oct'05Oct'04Oct'03Oct'02Oct'01Oct'00Oct'99Oct'98Oct'97Oct'96
Total Current Assets23.98B22.45B20.76B17.98B19.74B22.17B20.65B20.18B21.39B22.32B18.47B51.79B50.15B50.36B50.64B51.02B54.18B52.54B51.73B47.4B48.26B43.33B42.9B40.95B36.08B21.3B23.24B21.64B18.51B20.95B17.99B
Cash & Short-Term Investments3.7B3.69B3.24B3.11B3.15B4.3B5.14B4.54B5.88B8.15B6.29B7.58B15.13B12.16B11.3B8.04B10.93B13.33B10.25B11.45B16.42B13.93B12.97B14.59B11.43B4.34B4.01B5.59B4.07B4.57B3.33B
Cash Only3.7B3.69B3.24B3.11B3.15B4.3B4.86B4.54B5.17B7B6.29B7.58B15.13B12.16B11.3B8.04B10.93B13.28B10.15B11.29B16.4B13.91B12.66B14.19B11.19B4.2B3.42B5.41B4.05B3.07B2.88B
Short-Term Investments000000274M0711M1.15B000000055M93M152M22M18M311M403M237M139M592M179M21M1.5B442M
Accounts Receivable6.13B8.66B8.32B6.44B6.89B8.87B8.44B8.94B8B7.16B6.61B7.08B21.32B24.02B25.51B26.63B21.47B25.3B19.24B21.58B18.55B17.36B18.01B16.15B11.91B6.67B8.57B7.85B6.6B7.26B7.13B
Days Sales Outstanding49.5857.1656.7343.7439.9851.0454.4155.5349.9650.2250.0150.24137.478.0877.3576.3862.1780.6259.3475.5473.8973.182.2780.776.8153.8463.9967.661.0974.7767.7
Inventory9.2B8.51B7.72B6.86B7.61B7.93B5.96B5.73B6.06B5.79B4.48B4.29B6.42B6.05B6.32B7.49B6.47B6.13B7.88B8.03B7.75B6.88B7.07B6.07B5.8B5.2B5.7B4.86B4.7B6.76B6.4B
Days Inventory Outstanding69.4270.2267.5159.3454.8757.8347.0943.9846.2949.7241.7137.6951.5425.5524.9628.0624.6225.5632.0637.4240.7437.7842.4441.150.8957.1159.7559.7261.72100.6691.63
Other Current Assets4.95B1.59B1.48B1.57B-84M-27M0000031.64B2.75B3.89B3.78B5.37B11.94B4.98B10.12B4.61B4.14B3.61B3.74B4.14B6.94B5.09B4.97B3.34B3.14B2.35B1.14B
Total Non-Current Assets18.95B19.32B19.15B19.03B18.76B16.44B14.03B13.29B13.23B10.6B10.54B55.09B53.06B55.31B58.13B78.5B70.32B62.26B61.6B41.3B33.72B33.98B33.24B33.71B34.63B11.28B10.77B13.65B12.09B10.8B9.71B
Property, Plant & Equipment3.08B4.18B4.08B4.01B4.01B3.74B3.73B2.79B2.2B1.88B1.74B1.49B11.34B11.46B11.95B12.29B11.76B11.26B10.84B7.8B6.86B6.45B6.65B6.48B6.92B4.4B4.5B4.33B4.88B6.31B5.54B
Fixed Asset Turnover14.78x13.23x13.13x13.38x15.69x16.98x15.17x21.03x26.60x27.72x27.79x34.49x5.00x9.80x10.07x10.35x10.71x10.17x10.92x13.37x13.36x13.44x12.02x11.27x8.17x10.29x10.86x9.78x8.08x5.62x6.94x
Goodwill8.73B8.71B8.63B8.59B8.54B6.8B6.38B6.37B5.97B5.62B5.62B5.68B31.14B31.12B31.07B44.55B38.48B33.11B32.34B21.77B16.85B16.44B000000000
Intangible Assets01.01B1.32B1.59B1.93B784M540M661M453M3M02.01B2.13B3.17B4.51B10.9B7.85B6.6B7.96B4.08B3.35B3.59B19.93B19.25B19.95B756M00000
Long-Term Investments26M0000058M56M53M61M55M00000000000000000000
Other Non-Current Assets7.14B2.1B1.81B1.67B2.11B2.2B806M787M2.13B2.69B2.85B47.71B7.71B8.21B9.01B9.47B10.15B9.54B9.68B6.69B5.17B5.24B6.66B8.03B7.76B6.13B6.26B9.32B8.32B4.49B4.17B
Total Assets42.94B41.77B39.91B37B38.49B38.6B34.68B33.47B34.62B32.91B29.01B106.88B103.21B105.68B108.77B129.52B124.5B114.8B113.33B88.7B81.98B77.32B76.14B74.71B70.71B32.58B34.01B35.3B33.67B31.75B27.7B
Asset Turnover1.38x1.32x1.34x1.45x1.63x1.64x1.63x1.76x1.69x1.58x1.66x0.48x0.55x1.06x1.11x0.98x1.01x1.00x1.04x1.18x1.12x1.12x1.05x0.98x0.80x1.39x1.44x1.20x1.17x1.12x1.39x
Asset Growth %26.73%4.66%7.85%-3.87%-0.29%11.31%3.63%-3.34%5.19%13.45%-72.86%3.56%-2.34%-2.84%-16.02%4.03%8.45%1.3%27.77%8.19%6.03%1.55%1.91%5.65%117.01%-4.19%-3.65%4.82%6.06%14.62%13.4%
Total Current Liabilities30.21B29.26B28.69B24.49B26.19B29.1B26.22B25.29B25.13B22.41B18.81B42.19B43.73B45.52B46.67B50.44B49.4B43B52.94B39.26B35.85B31.46B28.59B26.63B24.31B13.96B15.2B14.32B13.47B11.22B10.62B
Accounts Payable19.17B18.05B16.9B14.05B15.3B16.07B14.7B14.79B14.82B13.28B11.1B10.19B15.9B14.02B13.35B14.75B14.37B14.81B14.14B11.79B12.1B10.22B9.38B9.29B7.01B3.79B5.05B3.52B2.77B3.19B2.38B
Days Payables Outstanding144.45148.9147.81121.46110.28117.22116.13113.47113.13114.1103.2889.61127.7759.2452.7455.2654.761.7657.5354.9163.6256.1656.2862.9361.5541.652.9443.1936.3647.434
Short-Term Debt810M845M1.41B230M218M1.11B674M357M1.46B1.07B78M2.19B3.49B5.98B6.65B8.08B7.05B1.85B10.18B3.19B2.71B1.83B2.51B1.08B1.79B1.72B1.55B3.1B1.25B1.23B2.13B
Deferred Revenue (Current)4.8B1.61B1.45B1.42B1.39B1.28B1.21B1.18B1.09B1.01B919M1.05B6.14B6.48B7.49B7.45B6.73B6.18B6.29B5.03B4.31B3.81B2.96B3.66B3.26B1.87B1.76B1.44B1.45B1.15B951M
Other Current Liabilities10.22B6.8B6.96B7.15B7.52B8.73B8.09B7.67B1.14B894M759M22.27B4.21B4.44B4.06B4B4.26B11.29B05.36B5.05B4.71B3.92B3.35B3.54B3.29B6.83B6.26B6.61B5.66B5.17B
Current Ratio0.79x0.77x0.72x0.73x0.75x0.76x0.79x0.80x0.85x1.00x0.98x1.23x1.15x1.11x1.09x1.01x1.10x1.22x0.98x1.21x1.35x1.38x1.50x1.54x1.48x1.53x1.53x1.51x1.37x1.87x1.69x
Quick Ratio0.49x0.48x0.45x0.45x0.46x0.49x0.56x0.57x0.61x0.74x0.74x1.13x1.00x0.97x0.95x0.86x0.97x1.08x0.83x1.00x1.13x1.16x1.25x1.31x1.25x1.15x1.15x1.17x1.02x1.26x1.09x
Cash Conversion Cycle-25.45-21.53-23.57-18.38-15.43-8.36-14.62-13.96-16.88-14.17-11.56-1.6861.1744.3949.5649.1832.0944.4133.8758.0551.0154.7268.4358.8866.1569.3570.8184.1386.46128.02125.33
Total Non-Current Liabilities12.87B12.86B12.54B13.59B15.33B11.19B10.69B9.37B10.13B13.91B14.07B36.54B32.34B32.5B39.27B40.07B34.32B31.03B21.45B10.91B7.99B8.68B9.99B10.33B10.14B4.67B4.6B2.68B2.92B4.38B3.64B
Long-Term Debt8.07B8.82B8.26B9.25B10.8B6.39B5.54B4.78B4.52B6.75B6.74B6.68B16.04B16.61B21.79B22.55B15.26B13.98B7.68B5B2.49B3.39B4.62B6.49B6.04B3.73B3.4B1.76B2.06B3.16B2.58B
Capital Lease Obligations3.18B815M787M825M875M936M904M000000000000000000000000
Deferred Tax Liabilities48M16M31M44M121M57M25M60M100M1.41B1.12B1.81B1.12B2.67B2.95B5.16B5.24B4.23B3.16B000000000000
Other Non-Current Liabilities4.02B1.57B1.98B2.14B2.37B2.71B3.15B3.46B4.5B4.83B5.35B27.24B11.25B9.32B11.16B8.9B10.52B9.57B7.46B5.92B5.5B5.29B5.36B3.84B4.1B938M1.2B917M852M1.22B1.06B
Total Liabilities43.08B42.12B41.23B38.07B41.52B40.25B36.91B34.66B35.26B36.32B32.9B78.73B76.08B78.02B85.94B90.51B83.72B74.28B74.39B50.17B43.84B40.14B38.57B36.96B34.45B18.63B19.8B17B16.75B15.59B14.26B
Total Debt9.67B10.88B10.9B10.74B12.29B8.78B7.4B5.14B5.99B7.82B6.81B8.87B19.52B22.59B28.44B30.63B22.3B15.83B17.85B8.18B5.2B5.22B7.13B7.57B7.83B5.45B4.96B4.87B3.31B4.38B4.7B
Net Debt5.96B7.19B7.66B7.63B9.15B4.48B2.53B600M821M822M525M1.29B4.39B10.42B17.14B22.59B11.38B2.55B7.7B-3.11B-11.21B-8.69B-5.53B-6.61B-3.36B1.25B1.54B-542M-738M1.31B1.82B
Debt / Equity-67.13x----------0.32x0.72x0.82x1.25x0.79x0.55x0.39x0.46x0.21x0.14x0.14x0.19x0.20x0.22x0.39x0.35x0.27x0.20x0.27x0.35x
Debt / EBITDA2.41x2.40x2.34x2.49x2.30x1.43x1.75x1.11x1.37x2.10x1.76x1.11x2.27x1.92x-2.09x1.37x1.06x1.29x0.72x0.58x0.90x1.08x1.40x7.07x1.94x0.94x0.97x0.69x0.96x0.94x
Net Debt / EBITDA1.49x1.58x1.65x1.77x1.71x0.73x0.60x0.13x0.19x0.22x0.14x0.16x0.51x0.89x-1.54x0.70x0.17x0.56x-0.27x-1.26x-1.49x-0.83x-1.22x-3.04x0.45x0.29x-0.11x-0.15x0.29x0.36x
Interest Coverage6.78x6.27x6.40x5.29x13.04x30.80x14.44x11.43x10.66x11.60x14.78x22.15x11.28x13.11x10.60x16.39x25.58x14.06x-------------
Total Equity-144M-346M-1.32B-1.07B-3.02B-1.64B-2.23B-1.19B-639M-3.41B-3.89B28.15B27.13B27.66B22.83B39B40.78B40.76B38.94B38.53B38.14B37.18B37.56B37.75B36.26B13.95B14.21B18.3B16.92B16.16B13.44B
Equity Growth %226.38%73.85%-23.76%64.66%-84%26.21%-86.76%-86.7%81.25%12.37%-113.81%3.77%-1.91%21.12%-41.46%-4.36%0.04%4.68%1.08%1%2.6%-1.03%-0.48%4.09%159.89%-1.8%-22.33%8.13%4.73%20.22%13.51%
Book Value per Share-0.16-0.36-1.34-1.07-2.88-1.35-1.57-0.78-0.39-2.00-2.2315.3314.1914.1811.5718.3317.1916.7315.1714.1813.3712.7812.3012.3214.517.076.848.697.897.646.39
Total Shareholders' Equity-144M-346M-1.32B-1.07B-3.02B-1.64B-2.23B-1.19B-639M-3.41B-3.89B27.77B26.73B27.27B22.44B38.63B40.45B40.52B38.94B38.53B38.14B37.18B37.56B37.75B36.26B13.95B14.21B18.3B16.92B16.16B13.44B
Common Stock09M9M10M10M11M13M15M16M16M17M18M18M19M20M20M22M24M24M26M27M28M29M30M30M19M19M10M10M1.19B1.01B
Retained Earnings0-2.03B-2.68B-2.36B-4.49B-2.47B-1.96B-818M-473M-2.39B-3.5B32.09B29.16B25.56B21.52B35.27B32.7B29.94B24.97B21.56B20.73B16.68B15.65B13.33B11.97B13.69B14.1B18.29B16.91B14.97B12.42B
Treasury Stock0000000000000000000000000000000
Accumulated OCI0-457M-434M-223M285M-245M-1.24B-1.23B-845M-1.42B-1.44B-6.3B-5.88B-3.78B-5.56B-3.5B-3.84B-3.25B-64M559M-578M-21M-243M-203M-401M41M93M-4.59B-6.21B-5.46B-4.66B
Minority Interest00000000000383M396M387M397M379M332M00000000000000

Key Metrics

Growth RegimeMixed
ProfitabilityStrained
Balance SheetVulnerable
Cash FlowMixed
Top Statement Risk

Negative equity position

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q2)

Persistent Negative Equity Position Trends

As reported in recent financial filings, HPQ has maintained a negative equity position for ten consecutive quarters, with the deficit reaching $144 million in 2026Q2, suggesting that aggressive capital return programs have consistently outpaced the company's ability to generate and retain organic earnings over this period.

The persistence of negative equity indicates that the firm's capital allocation strategy, heavily weighted toward share repurchases and dividends, has eroded the book value of the company. Investors should monitor whether this trend reflects a deliberate balance sheet optimization or a structural inability to build retained earnings through core operations.

Tight Liquidity Buffers Constrain Flexibility

According to quarterly balance sheet data, HPQ's current ratio has remained consistently below 1.0, hovering between 0.71 and 0.79 over the last ten quarters, which implies a limited margin of safety for meeting short-term obligations without relying on external financing or rapid inventory turnover.

A current ratio consistently below unity suggests that the company operates with a lean liquidity profile, leaving little room for error during periods of supply chain disruption or demand volatility. This reliance on operational cash flow to cover immediate liabilities warrants further investigation into the company's working capital management efficiency.

Goodwill Concentration Risks Asset Quality

Based on the provided balance sheet figures, goodwill remains a significant component of total assets at $8.7 billion as of 2026Q2, representing a substantial portion of the company's $42.9 billion asset base and highlighting potential vulnerability to future impairment charges if acquisition synergies fail to materialize.

The high concentration of intangible assets relative to total assets suggests that the company's valuation is heavily dependent on the successful integration of past M&A activity. If the performance of acquired units does not meet expectations, the resulting goodwill write-downs could further exacerbate the existing negative equity position.

Capital Allocation Distorts Equity Quality

As indicated by the financial statements, the company's decision to prioritize shareholder returns has resulted in a cumulative deficit in retained earnings, which stood at $0 in 2026Q2 after years of negative balances, signaling that the balance sheet is being managed for yield rather than capital preservation.

The absence of positive retained earnings suggests that the company is effectively returning capital to shareholders that it has not generated through cumulative net income. This strategy may be sustainable in a stable environment but could leave the firm with limited internal resources to navigate a prolonged industry downturn or significant technological shift.

HPQ — Frequently Asked Questions

Quick answers to the most common questions about buying HPQ stock.

What are the total assets of HP Inc. (HPQ)?

As of 2025, HP Inc. (HPQ) had total assets of $41.77B including $22.45B in current assets.

How much debt does HP Inc. (HPQ) have?

HP Inc. (HPQ) carries total debt of $10.88B, offset by $3.69B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.

What is the book value or shareholders' equity of HP Inc.?

HP Inc. (HPQ) has total shareholders' equity (book value) of $-346.0M ($-0.36 book value per share). Book value represents the net worth of the company belonging to common stock holders.

What is HP Inc.'s current ratio and liquidity?

HP Inc. (HPQ) reported a current ratio of 0.77x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.