HealthEquity Inc (HQY)
Debt-to-capital 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 | ||
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Long-term debt | US$ in thousands | 1,056,300 | 1,081,040 | 1,101,400 | 925,675 | 874,972 | 874,270 | 873,581 | 872,902 | 907,838 | 911,406 | 914,966 | 918,514 | 922,077 | 923,501 | 895,449 | 909,820 | 924,217 | 938,558 | 952,898 | 1,167,190 |
Total stockholders’ equity | US$ in thousands | 2,114,910 | 2,124,690 | 2,157,040 | 2,097,780 | 2,035,020 | 1,987,970 | 1,949,610 | 1,918,590 | 1,895,640 | 1,883,120 | 1,864,900 | 1,855,260 | 1,852,580 | 1,871,850 | 1,862,670 | 1,848,270 | 1,378,730 | 1,355,260 | 1,340,340 | 1,040,650 |
Debt-to-capital ratio | 0.33 | 0.34 | 0.34 | 0.31 | 0.30 | 0.31 | 0.31 | 0.31 | 0.32 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 | 0.32 | 0.33 | 0.40 | 0.41 | 0.42 | 0.53 |
January 31, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,056,300K ÷ ($1,056,300K + $2,114,910K)
= 0.33
HealthEquity Inc's debt-to-capital ratio has shown a declining trend over the past few years, starting at 0.53 in April 2020 and decreasing to 0.33 by January 2025. This indicates that the company has been able to better manage its debt relative to its total capitalization. A lower debt-to-capital ratio suggests that the company has a lower reliance on debt financing compared to equity, which can be seen as a positive sign of financial strength and stability. The decreasing trend in the ratio over time may imply stronger financial health and a reduced risk of financial distress for HealthEquity Inc.
Peer comparison
Jan 31, 2025