HealthEquity Inc (HQY)
Debt-to-assets ratio
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,056,300 | 874,972 | 907,838 | 922,077 | 924,217 |
| Total assets | US$ in thousands | 3,448,550 | 3,163,790 | 3,088,900 | 3,107,100 | 2,710,410 |
| Debt-to-assets ratio | 0.31 | 0.28 | 0.29 | 0.30 | 0.34 |
January 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,056,300K ÷ $3,448,550K
= 0.31
HealthEquity Inc's debt-to-assets ratio has shown a consistent decrease from 0.34 in January 31, 2021, to 0.30 in January 31, 2022, further declining to 0.29 in January 31, 2023, and 0.28 in January 31, 2024, before slightly increasing to 0.31 in January 31, 2025. This trend indicates that the company has been effectively managing its debt in relation to its total assets over this period. A lower debt-to-assets ratio suggests a lower level of financial risk and better financial health, as the company has a smaller proportion of assets financed by debt. However, the slight increase in the ratio in 2025 may warrant closer monitoring to ensure the company's debt levels remain sustainable relative to its asset base.
Peer comparison
Jan 31, 2025