HealthEquity Inc (HQY)
Debt-to-equity 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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-equity ratio | 0.50 | 0.51 | 0.51 | 0.44 | 0.43 | 0.44 | 0.45 | 0.45 | 0.48 | 0.48 | 0.49 | 0.50 | 0.50 | 0.49 | 0.48 | 0.49 | 0.67 | 0.69 | 0.71 | 1.12 |
January 31, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,056,300K ÷ $2,114,910K
= 0.50
The debt-to-equity ratio of HealthEquity Inc has shown a declining trend from 1.12 as of April 30, 2020, to 0.50 as of January 31, 2025. This indicates that the company has been reducing its reliance on debt financing in relation to equity over the years. A decreasing debt-to-equity ratio typically suggests that the company is becoming less leveraged and more financially stable. However, the ratio slightly increased to 0.51 as of July 31, 2024, which may be an indication of a slight uptick in debt relative to equity at that point in time. Overall, the decreasing trend in the debt-to-equity ratio of HealthEquity Inc reflects a positive financial position in terms of managing its debt levels compared to equity.
Peer comparison
Jan 31, 2025