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.