HealthEquity Inc (HQY)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,448,550 | 3,488,350 | 3,514,470 | 3,246,480 | 3,163,790 | 3,093,500 | 3,066,460 | 3,035,010 | 3,088,900 | 3,064,760 | 3,074,020 | 3,065,070 | 3,107,100 | 3,099,610 | 3,148,630 | 3,161,870 | 2,710,410 | 2,657,260 | 2,664,380 | 2,562,480 |
| 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 |
| Financial leverage ratio | 1.63 | 1.64 | 1.63 | 1.55 | 1.55 | 1.56 | 1.57 | 1.58 | 1.63 | 1.63 | 1.65 | 1.65 | 1.68 | 1.66 | 1.69 | 1.71 | 1.97 | 1.96 | 1.99 | 2.46 |
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 shown a general downward trend over the period from April 2020 to January 2025. The financial leverage ratio decreased from 2.46 in April 2020 to 1.63 in January 2025.
A lower financial leverage ratio indicates that the company is relying less on debt to finance its operations and growth, which can be viewed positively as it reduces the financial risk associated with high levels of debt. This decreasing trend suggests that HealthEquity Inc has been reducing its reliance on debt over time.
A financial leverage ratio of 1.63 in January 2025 suggests that for every dollar of equity, the company has $1.63 of debt, which indicates a moderate level of leverage. Overall, the decreasing trend in the financial leverage ratio reflects a prudent financial management strategy of balancing debt and equity to support the company's operations and growth.
Peer comparison
Jan 31, 2025