HP Net Debt vs Long Term Debt Analysis

HPQ Stock

USD 34.66 4.44 11.36%

HP financial indicator trend analysis is much more than just examining HP Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HP Inc is a good investment. Please check the relationship between HP Net Debt and its Long Term Debt accounts. 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.

Net Debt vs Long Term Debt

Net Debt vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HP Inc Net Debt account and Long Term Debt. At this time, the significance of the direction appears to have very strong relationship.

The correlation between HP's Net Debt and Long Term Debt is 0.87. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of HP Inc, assuming nothing else is changed. The correlation between historical values of HP's Net Debt and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of HP Inc are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Net Debt i.e., HP's Net Debt and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.87

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Long Term Debt

Long-term debt is a debt that HP Inc has held for over one year. Long-term debt appears on HP Inc balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on HP Inc balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Most indicators from HP's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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 Selling General Administrative is relatively stable compared to the past year. As of 11/28/2024, Sales General And Administrative To Revenue is likely to grow to 0.13, though Discontinued Operations is likely to grow to (145.3 M).

	2021	2022	2023	2024 (projected)
Interest Expense	359M	548M	630.2M	598.7M
Depreciation And Amortization	228.5K	841M	967.2M	918.8M

Interest Expense Depreciation And Amortization

HP fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Current Deferred Revenue	Common Stock Total Equity	Short Term Investments	Property Plant And Equipment Gross
Total Assets		0.96	0.94	0.93	0.92	0.75	0.55	0.91	0.86	1.0	0.46	0.86	0.87	0.43	0.97	0.18	0.85	0.83	0.97	0.99	0.85	0.24	0.8	-0.38	-0.54	0.76
Short Long Term Debt Total	0.96		0.89	0.91	0.86	0.72	0.67	0.84	0.76	0.97	0.45	0.76	0.83	0.31	0.98	0.24	0.81	0.86	0.97	0.93	0.84	0.26	0.79	-0.39	-0.57	0.81
Other Current Liab	0.94	0.89		0.88	0.86	0.49	0.35	0.88	0.7	0.92	0.72	0.7	0.65	0.36	0.92	0.13	0.7	0.64	0.92	0.94	0.68	0.21	0.56	-0.4	-0.53	0.69
Total Current Liabilities	0.93	0.91	0.88		0.77	0.7	0.57	0.75	0.81	0.92	0.37	0.81	0.84	0.18	0.92	0.48	0.85	0.77	0.98	0.94	0.8	0.56	0.76	-0.63	-0.61	0.72
Total Stockholder Equity	0.92	0.86	0.86	0.77		0.7	0.35	0.99	0.78	0.93	0.48	0.78	0.76	0.62	0.88	-0.13	0.8	0.79	0.84	0.89	0.82	-0.03	0.76	-0.03	-0.33	0.69
Property Plant And Equipment Net	0.75	0.72	0.49	0.7	0.7		0.74	0.63	0.81	0.77	-0.21	0.82	0.97	0.38	0.7	0.23	0.8	0.92	0.71	0.72	0.86	0.22	0.97	-0.18	-0.4	0.67
Net Debt	0.55	0.67	0.35	0.57	0.35	0.74		0.27	0.39	0.59	-0.15	0.39	0.74	-0.08	0.56	0.47	0.47	0.78	0.57	0.49	0.65	0.27	0.7	-0.3	-0.54	0.72
Retained Earnings	0.91	0.84	0.88	0.75	0.99	0.63	0.27		0.78	0.91	0.54	0.78	0.71	0.63	0.88	-0.16	0.78	0.72	0.83	0.89	0.77	-0.03	0.71	-0.04	-0.3	0.64
Cash	0.86	0.76	0.7	0.81	0.78	0.81	0.39	0.78		0.83	0.1	1.0	0.87	0.57	0.82	0.15	0.89	0.75	0.83	0.88	0.8	0.29	0.85	-0.38	-0.35	0.48
Non Current Assets Total	1.0	0.97	0.92	0.92	0.93	0.77	0.59	0.91	0.83		0.45	0.83	0.87	0.41	0.97	0.17	0.83	0.86	0.96	0.97	0.85	0.21	0.81	-0.33	-0.56	0.81
Non Currrent Assets Other	0.46	0.45	0.72	0.37	0.48	-0.21	-0.15	0.54	0.1	0.45		0.1	-0.03	0.14	0.48	-0.15	0.12	0.02	0.44	0.46	0.09	-0.1	-0.12	-0.13	-0.25	0.34
Cash And Short Term Investments	0.86	0.76	0.7	0.81	0.78	0.82	0.39	0.78	1.0	0.83	0.1		0.88	0.57	0.82	0.15	0.89	0.75	0.83	0.88	0.79	0.29	0.85	-0.38	-0.35	0.48
Net Receivables	0.87	0.83	0.65	0.84	0.76	0.97	0.74	0.71	0.87	0.87	-0.03	0.88		0.4	0.81	0.27	0.86	0.94	0.84	0.85	0.91	0.29	0.96	-0.33	-0.47	0.69
Common Stock Shares Outstanding	0.43	0.31	0.36	0.18	0.62	0.38	-0.08	0.63	0.57	0.41	0.14	0.57	0.4		0.39	-0.67	0.52	0.43	0.29	0.45	0.52	-0.51	0.45	0.36	0.28	-0.03
Non Current Liabilities Total	0.97	0.98	0.92	0.92	0.88	0.7	0.56	0.88	0.82	0.97	0.48	0.82	0.81	0.39		0.2	0.85	0.82	0.98	0.96	0.83	0.27	0.78	-0.41	-0.54	0.73
Inventory	0.18	0.24	0.13	0.48	-0.13	0.23	0.47	-0.16	0.15	0.17	-0.15	0.15	0.27	-0.67	0.2		0.21	0.15	0.35	0.19	0.14	0.92	0.21	-0.79	-0.53	0.36
Other Current Assets	0.85	0.81	0.7	0.85	0.8	0.8	0.47	0.78	0.89	0.83	0.12	0.89	0.86	0.52	0.85	0.21		0.85	0.87	0.86	0.92	0.35	0.91	-0.34	-0.31	0.51
Other Stockholder Equity	0.83	0.86	0.64	0.77	0.79	0.92	0.78	0.72	0.75	0.86	0.02	0.75	0.94	0.43	0.82	0.15	0.85		0.81	0.79	0.95	0.15	0.95	-0.17	-0.45	0.71
Total Liab	0.97	0.97	0.92	0.98	0.84	0.71	0.57	0.83	0.83	0.96	0.44	0.83	0.84	0.29	0.98	0.35	0.87	0.81		0.97	0.83	0.43	0.79	-0.53	-0.59	0.74
Total Current Assets	0.99	0.93	0.94	0.94	0.89	0.72	0.49	0.89	0.88	0.97	0.46	0.88	0.85	0.45	0.96	0.19	0.86	0.79	0.97		0.83	0.28	0.77	-0.44	-0.51	0.69
Short Term Debt	0.85	0.84	0.68	0.8	0.82	0.86	0.65	0.77	0.8	0.85	0.09	0.79	0.91	0.52	0.83	0.14	0.92	0.95	0.83	0.83		0.19	0.93	-0.19	-0.3	0.62
Accounts Payable	0.24	0.26	0.21	0.56	-0.03	0.22	0.27	-0.03	0.29	0.21	-0.1	0.29	0.29	-0.51	0.27	0.92	0.35	0.15	0.43	0.28	0.19		0.25	-0.86	-0.43	0.21
Current Deferred Revenue	0.8	0.79	0.56	0.76	0.76	0.97	0.7	0.71	0.85	0.81	-0.12	0.85	0.96	0.45	0.78	0.21	0.91	0.95	0.79	0.77	0.93	0.25		-0.2	-0.37	0.64
Common Stock Total Equity	-0.38	-0.39	-0.4	-0.63	-0.03	-0.18	-0.3	-0.04	-0.38	-0.33	-0.13	-0.38	-0.33	0.36	-0.41	-0.79	-0.34	-0.17	-0.53	-0.44	-0.19	-0.86	-0.2		0.55	-0.2
Short Term Investments	-0.54	-0.57	-0.53	-0.61	-0.33	-0.4	-0.54	-0.3	-0.35	-0.56	-0.25	-0.35	-0.47	0.28	-0.54	-0.53	-0.31	-0.45	-0.59	-0.51	-0.3	-0.43	-0.37	0.55		-0.69
Property Plant And Equipment Gross	0.76	0.81	0.69	0.72	0.69	0.67	0.72	0.64	0.48	0.81	0.34	0.48	0.69	-0.03	0.73	0.36	0.51	0.71	0.74	0.69	0.62	0.21	0.64	-0.2	-0.69

Click cells to compare fundamentals

HP Account Relationship Matchups

HP fundamental ratios 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	1.6B	1.8B	1.7B
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	989M	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	674M	775.1M	736.3M
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

0.64

Knowles Cor

Pair Corr

Moving against HP Stock

0.69	LGMK	LogicMark	Pair Corr
0.54	AVNW	Aviat Networks	Pair Corr
0.43	CDW	CDW Corp	Pair Corr
0.39	AUDC	AudioCodes	Pair Corr
0.36	IVDAW	Iveda Solutions Warrant	Pair Corr

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.

Pair Correlation Correlation Matching

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC