HealthEquity Inc (HQY)
Financial leverage ratio
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,448,550 | 3,163,790 | 3,088,900 | 3,107,100 | 2,710,410 |
| Total stockholders’ equity | US$ in thousands | 2,114,910 | 2,035,020 | 1,895,640 | 1,852,580 | 1,378,730 |
| Financial leverage ratio | 1.63 | 1.55 | 1.63 | 1.68 | 1.97 |
January 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,448,550K ÷ $2,114,910K
= 1.63
HealthEquity Inc's financial leverage ratio has been gradually decreasing over the years, indicating an improvement in the company's financial structure. The ratio decreased from 1.97 as of January 31, 2021, to 1.63 as of January 31, 2025. This suggests that the company is relying less on debt financing and becoming more reliant on equity financing. A lower financial leverage ratio generally indicates lower financial risk and greater financial stability for the company. HealthEquity Inc's trend of decreasing financial leverage ratio is a positive signal for investors and indicates a healthier balance sheet structure.
Peer comparison
Jan 31, 2025