Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
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Over the five-year period 2021–2025 Hewlett Packard Enterprise’s balance sheet expanded materially: total assets rose from $57,699m to $75,906m (+$18,207m, +31.6%). That growth was lumpy — essentially flat through 2022–2023, then a large jump in 2024 (+24.7%) and a further +6.5% in 2025. Total liabilities climbed more sharply, from $37,728m to $51,218m (+$13,490m, +35.8%), with the same pronounced increase in 2024–2025 after a modest decline in 2022–2023. Stockholders’ equity increased more modestly overall (from $19,971m to $24,688m, +$4,717m, +23.6%) but was relatively stable year-to-year, dipping slightly in 2022 and again in 2025. The balance-sheet composition shows rising leverage: liabilities as a share of assets moved from ~65% in 2021 to ~67.5% in 2025, while the liabilities-to-equity ratio went from ~1.9x to ~2.1x (peaking in 2025). In plain terms, the company financed most of its asset growth with additional liabilities rather than equity. This pattern is consistent with financing for large investments, M&A, working-capital needs or capital-return programs — all plausible in the networking/server/services sector where periodic capex and strategic deals occur. The increased leverage raises financial-risk sensitivity (interest-rate and liquidity exposure), so monitoring cash flow, interest coverage and the drivers of the 2024 asset/liability spike will be important to judge sustainability.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.