HealthEquity Inc (HQY)
Current ratio
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 477,749 | 557,436 | 382,893 | 351,337 | 460,177 |
| Total current liabilities | US$ in thousands | 156,323 | 117,091 | 131,061 | 153,187 | 204,701 |
| Current ratio | 3.06 | 4.76 | 2.92 | 2.29 | 2.25 |
January 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $477,749K ÷ $156,323K
= 3.06
HealthEquity Inc's current ratio has shown a consistent improvement over the past years, starting at 2.25 as of January 31, 2021, and gradually increasing to 2.29 by January 31, 2022. The ratio experienced a significant jump to 2.92 by January 31, 2023, indicating the company's ability to meet its short-term obligations with its current assets. Further, by January 31, 2024, the current ratio surged to 4.76, reflecting a robust financial position with ample current assets to cover current liabilities. However, there was a slight decline in the current ratio to 3.06 as of January 31, 2025, although it remains above 2, suggesting continued strength in liquidity. Overall, the increasing trend in the current ratio signifies HealthEquity Inc's sound liquidity position and ability to manage short-term financial obligations effectively.
Peer comparison
Jan 31, 2025