HP Inc (HPQ) — Working Capital to Net Assets Ratio
HP Inc (HPQ) has a Working Capital to Net Assets ratio of -207.3% as of January 2026. Working capital of $-7.06 Billion (current assets of $22.23 Billion minus current liabilities of $29.29 Billion) is measured against net assets of $3.41 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how leveraged is HP Inc's balance sheet to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
HP Inc Working Capital to Net Assets (1985–2025)
This chart shows how HP Inc's Working Capital to Net Assets ratio has evolved across 41 annual periods from 1985 to 2025. As of January 2026, the ratio stands at -207.3%, reflecting working capital of $-7.06 Billion against net assets of $3.41 Billion USD. Check HP Inc (HPQ) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for HP Inc (1985–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for HP Inc from 1985 to 2025, covering 41 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see HPQ market cap overview.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 1966.8% | $-6.80 Billion | $-346.00 Million | $22.45 Billion | $29.26 Billion | ▲ +1367.6 pp |
| 2024 | 599.2% | $-7.93 Billion | $-1.32 Billion | $20.76 Billion | $28.69 Billion | ▼ -9.9 pp |
| 2023 | 609.1% | $-6.51 Billion | $-1.07 Billion | $17.98 Billion | $24.49 Billion | ▲ +391.4 pp |
| 2022 | 217.7% | $-6.35 Billion | $-2.92 Billion | $19.80 Billion | $26.15 Billion | ▼ -203.7 pp |
| 2021 | 421.4% | $-6.93 Billion | $-1.64 Billion | $22.17 Billion | $29.10 Billion | ▲ +171.3 pp |
| 2020 | 250.1% | $-5.57 Billion | $-2.23 Billion | $20.65 Billion | $26.22 Billion | ▼ -178.7 pp |
| 2019 | 428.8% | $-5.12 Billion | $-1.19 Billion | $20.18 Billion | $25.29 Billion | ▼ -157.1 pp |
| 2018 | 585.9% | $-3.74 Billion | $-639.00 Million | $21.39 Billion | $25.13 Billion | ▲ +583.2 pp |
| 2017 | 2.8% | $-94.00 Million | $-3.41 Billion | $22.32 Billion | $22.41 Billion | ▼ -6.0 pp |
| 2016 | 8.7% | $-340.00 Million | $-3.89 Billion | $18.47 Billion | $18.81 Billion | ▼ -25.3 pp |
| 2015 | 34.1% | $9.60 Billion | $28.15 Billion | $51.79 Billion | $42.19 Billion | ▲ +10.5 pp |
| 2014 | 23.6% | $6.41 Billion | $27.13 Billion | $50.15 Billion | $43.73 Billion | ▲ +6.1 pp |
| 2013 | 17.5% | $4.84 Billion | $27.66 Billion | $50.36 Billion | $45.52 Billion | ▲ +0.1 pp |
| 2012 | 17.4% | $3.97 Billion | $22.83 Billion | $50.64 Billion | $46.67 Billion | ▲ +15.9 pp |
| 2011 | 1.5% | $579.00 Million | $39.00 Billion | $51.02 Billion | $50.44 Billion | ▼ -10.2 pp |
| 2010 | 11.7% | $4.78 Billion | $40.78 Billion | $54.18 Billion | $49.40 Billion | ▼ -11.8 pp |
| 2009 | 23.5% | $9.54 Billion | $40.52 Billion | $52.54 Billion | $43.00 Billion | ▲ +26.6 pp |
| 2008 | -3.1% | $-1.21 Billion | $38.94 Billion | $51.73 Billion | $52.94 Billion | ▼ -24.2 pp |
| 2007 | 21.1% | $8.14 Billion | $38.53 Billion | $47.40 Billion | $39.26 Billion | ▼ -11.4 pp |
| 2006 | 32.5% | $12.41 Billion | $38.14 Billion | $48.26 Billion | $35.85 Billion | ▲ +0.6 pp |
| 2005 | 31.9% | $11.87 Billion | $37.18 Billion | $43.33 Billion | $31.46 Billion | ▼ -6.2 pp |
| 2004 | 38.1% | $14.31 Billion | $37.56 Billion | $42.90 Billion | $28.59 Billion | ▲ +0.2 pp |
| 2003 | 37.9% | $14.32 Billion | $37.75 Billion | $40.95 Billion | $26.63 Billion | ▲ +5.5 pp |
| 2002 | 32.4% | $11.77 Billion | $36.26 Billion | $36.08 Billion | $24.31 Billion | ▼ -20.2 pp |
| 2001 | 52.6% | $7.34 Billion | $13.95 Billion | $21.30 Billion | $13.96 Billion | ▼ -4.0 pp |
| 2000 | 56.6% | $8.05 Billion | $14.21 Billion | $23.24 Billion | $15.20 Billion | ▲ +16.6 pp |
| 1999 | 40.0% | $7.32 Billion | $18.30 Billion | $21.64 Billion | $14.32 Billion | ▲ +10.3 pp |
| 1998 | 29.8% | $5.03 Billion | $16.92 Billion | $18.51 Billion | $13.47 Billion | ▼ -30.5 pp |
| 1997 | 60.2% | $9.73 Billion | $16.16 Billion | $20.95 Billion | $11.22 Billion | ▲ +5.4 pp |
| 1996 | 54.8% | $7.37 Billion | $13.44 Billion | $17.99 Billion | $10.62 Billion | ▲ +10.1 pp |
| 1995 | 44.7% | $5.29 Billion | $11.84 Billion | $16.24 Billion | $10.94 Billion | ▲ +1.6 pp |
| 1994 | 43.1% | $4.28 Billion | $9.93 Billion | $12.51 Billion | $8.23 Billion | ▲ +3.5 pp |
| 1993 | 39.6% | $3.37 Billion | $8.51 Billion | $10.24 Billion | $6.87 Billion | ▲ +5.1 pp |
| 1992 | 34.5% | $2.58 Billion | $7.50 Billion | $7.68 Billion | $5.09 Billion | ▼ -2.0 pp |
| 1991 | 36.5% | $2.65 Billion | $7.27 Billion | $6.72 Billion | $4.06 Billion | ▲ +4.0 pp |
| 1990 | 32.5% | $2.07 Billion | $6.36 Billion | $6.51 Billion | $4.44 Billion | ▼ -4.0 pp |
| 1989 | 36.5% | $1.99 Billion | $5.45 Billion | $5.73 Billion | $3.74 Billion | ▼ -4.3 pp |
| 1988 | 40.8% | $1.85 Billion | $4.53 Billion | $4.42 Billion | $2.57 Billion | ▼ -14.0 pp |
| 1987 | 54.9% | $2.75 Billion | $5.02 Billion | $5.49 Billion | $2.73 Billion | ▲ +2.4 pp |
| 1986 | 52.5% | $2.30 Billion | $4.37 Billion | $3.81 Billion | $1.52 Billion | ▲ +3.1 pp |
| 1985 | 49.4% | $1.97 Billion | $3.98 Billion | $3.34 Billion | $1.38 Billion | — |