HealthEquity Inc (HQY)

Current ratio

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020
Total current assets	US$ in thousands	477,749	495,246	495,627	404,902	557,436	474,408	422,557	358,409	382,893	332,160	308,586	278,923	351,337	764,131	860,614	865,111	460,177	396,030	383,127	283,783
Total current liabilities	US$ in thousands	156,323	154,539	120,908	92,217	117,091	96,236	103,271	89,656	131,061	110,375	125,517	117,651	153,187	107,074	185,124	192,304	204,701	151,359	153,776	134,605
Current ratio		3.06	3.20	4.10	4.39	4.76	4.93	4.09	4.00	2.92	3.01	2.46	2.37	2.29	7.14	4.65	4.50	2.25	2.62	2.49	2.11

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 fluctuation over the past few years based on the provided data. The current ratio indicates the company's ability to cover its short-term liabilities with its current assets.

From January 31, 2021, to January 31, 2025, the current ratio ranged from a low of 2.25 to a high of 4.76. The lowest current ratio was observed on January 31, 2021, indicating the company had just enough current assets to cover its short-term liabilities.

The current ratio significantly improved by April 30, 2021, reaching 4.50, and continued to increase to 7.14 by October 31, 2021. This suggests that HealthEquity Inc had a strong ability to meet its short-term obligations with its current assets during this period.

However, the current ratio gradually decreased from its peak on October 31, 2021, to a low of 3.06 on January 31, 2025. Despite the fluctuations, HealthEquity Inc generally maintained a current ratio above 2, indicating a healthy liquidity position to meet its short-term obligations.

Investors and creditors may further analyze the factors contributing to the fluctuations in the current ratio to assess the company's liquidity and financial health over the years.