HP Inc. balance sheet

At the end of fiscal 2025, HP Inc. had total assets of $41.77bn and shareholders' equity of −$346m. It held $3.69bn in cash against $9.72bn of debt: net debt of $6.03bn.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

HP Inc.: balance sheet, annual
Fiscal year	2009Oct 2009	2010Oct 2010	2011Oct 2011	2012Oct 2012	2013Oct 2013	2014Oct 2014	2015Oct 2015	2016Oct 2016	2017Oct 2017	2018Oct 2018	2019Oct 2019	2020Oct 2020	2021Oct 2021	2022Oct 2022	2023Oct 2023	2024Oct 2024	2025Oct 2025	LTMJul 2026
Cash and equivalents	13.3	10.9	8.0	11.3	12.2	15.1	17.4	6.3	7.0	5.2	4.5	4.9	4.3	3.1	3.1	3.2	3.7	4.2
Receivables	16.5	18.5	18.2	16.4	15.9	13.8	4.8	4.1	4.4	5.3	6.0	5.4	5.5	4.5	4.2	5.1	5.7	7.2
Inventory	6.1	6.5	7.5	6.3	6.0	6.4	4.3	4.5	5.8	5.9	5.7	6.0	7.9	7.6	6.9	7.7	8.5	10.3
Total current assets	52.5	54.2	51.0	50.6	50.4	50.1	51.8	18.5	22.3	21.4	20.2	20.6	22.2	19.7	18.0	20.8	22.5	26.7
Goodwill	33.1	38.5	44.6	31.1	31.1	5.7	5.7	5.6	0.3	0.4	6.4	6.4	6.8	8.5	8.6	8.6	8.7	8.7
Total assets	114.8	124.5	129.5	108.8	105.7	103.2	106.9	29.0	32.9	34.6	33.5	34.7	38.6	38.5	37.0	39.9	41.8	45.7
Accounts payable	14.8	14.4	14.8	13.4	14.0	15.9	10.2	11.1	13.3	14.8	14.8	14.7	16.1	15.3	14.0	16.9	18.1	21.4
Deferred revenue (current)	6.2	6.7	7.4	7.5	6.5	6.1	1.1	0.9	1.0	1.1	1.2	1.2	1.3	1.4	1.4	1.4	1.6	1.8
Total current liabilities	43.0	49.4	50.4	46.7	45.5	43.7	42.2	18.8	22.4	25.1	25.3	26.2	29.1	26.2	24.5	28.7	29.3	34.0
Short-term debt	1.9	7.0	8.1	6.6	6.0	3.5	2.2	0.1	1.1	1.5	0.4	0.7	1.1	0.2	0.2	1.4	0.8	1.3
Long-term debt	14.0	16.8	26.3	27.1	16.6	16.0	6.7	6.7	6.7	4.5	4.8	5.5	6.4	10.8	9.3	8.3	8.8	7.9
Total debt	15.8	22.3	30.6	28.4	22.6	19.5	8.9	6.8	7.8	6.0	5.2	6.3	7.6	11.2	9.6	9.7	9.7	9.2
Shareholders' equity	40.5	40.4	38.6	22.4	27.3	26.7	27.8	−3.9	−3.4	−0.6	−1.2	−2.3	−1.6	−3.0	−1.1	−1.3	−0.3	−0.1
Net debt (negative = net cash)	2.6	11.4	22.6	17.1	10.4	4.4	−8.5	0.5	0.8	0.9	0.6	1.4	3.3	8.0	6.5	6.5	6.0	5.0
Shares outstanding	2,365m	2,204m	1,991m	1,963m	1,908m	1,839m	1,804m	1,712m	1,650m	1,560m	1,458m	1,304m	1,092m	980m	989m	939m	921m	903m

US$ billions unless shown otherwise. Fiscal quarters.

HP Inc.: balance sheet, quarterly
Quarter	2024 Q4Oct 2024	2025 Q1Jan 2025	2025 Q2Apr 2025	2025 Q3Jul 2025	2025 Q4Oct 2025	2026 Q1Jan 2026	2026 Q2Apr 2026	2026 Q3Jul 2026
Receivables	5.1	4.2	4.3	5.1	5.7	5.3	6.1	7.2
Inventory	7.7	8.4	8.2	8.4	8.5	8.7	9.2	10.3
Total current assets	20.8	19.8	19.5	20.6	22.5	22.2	24.0	26.7
Goodwill	8.6	8.6	8.7	8.7	8.7	8.7	8.7	8.7
Total assets	39.9	38.9	38.8	39.9	41.8	41.5	42.9	45.7
Accounts payable	16.9	16.5	15.2	17.0	18.1	18.2	19.2	21.4
Deferred revenue (current)	1.4	1.5	1.5	1.5	1.6	1.6	1.7	1.8
Total current liabilities	28.7	27.4	26.6	27.9	29.3	29.3	30.2	34.0
Short-term debt	1.4	1.4	1.4	0.8	0.8	0.9	0.8	1.3
Long-term debt	8.3	8.3	9.3	8.8	8.8	8.8	8.9	7.9
Total debt	9.7	9.7	10.7	9.6	9.7	9.7	9.7	9.2
Shareholders' equity	−1.3	−1.1	−1.3	−0.9	−0.3	−0.8	−0.1	−0.1
Shares outstanding	939m	945m	942m	939m	921m	917m	914m	903m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from HP Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to HP Inc.