Health Catalyst (HCAT) Debt Ratio (2018 - 2026)
Health Catalyst's (HCAT) Debt Ratio was 0.43 for Q2 2026, up 72.3% from 0.25 a year earlier and up 15.0% from the prior quarter.
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Analysis
Health Catalyst (HCAT) Debt Ratio (2018 - 2026) Analysis & Trends
For FY2025, Debt Ratio at Health Catalyst was 0.30, down 31.5% from FY2024.
- By year, Debt Ratio came in at 0.45 in FY2024 (+37.0%), 0.32 in FY2023 (+7.9%), 0.30 in FY2022 (+38.5%) and 0.22 in FY2021 (-25.7%).
- The Q2 2026 figure ranks as the highest quarterly Debt Ratio since Q1 2025.
- Year over year, Debt Ratio gained in four of the last eight quarters, with growth averaging 8.1%.
- The high point for year-over-year Debt Ratio in five years was Q2 2026 (growth of 72.3%); the low point was Q3 2025 (a decline of 38.5%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 0.37 (Q1 2026), 0.30 (Q4 2025) and 0.26 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | 72.83 |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn | - |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn | - |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn | - |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn | 0.00 |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | 0.17 |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn | - |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn | - |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn | 0.10 |
| 10 | Health Catalyst | 132.23 Mn | -267.31 Mn | 34.86 Mn | 0.43 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.43 |
| Mar 31, 2026 | 0.37 |
| Dec 31, 2025 | 0.30 |
| Sep 30, 2025 | 0.26 |
| Jun 30, 2025 | 0.25 |
| Mar 31, 2025 | 0.43 |
| Dec 31, 2024 | 0.45 |
| Sep 30, 2024 | 0.42 |
| Jun 30, 2024 | 0.33 |
| Mar 31, 2024 | 0.33 |
| Dec 31, 2023 | 0.32 |
| Sep 30, 2023 | 0.32 |
| Jun 30, 2023 | 0.31 |
| Mar 31, 2023 | 0.30 |
| Dec 31, 2022 | 0.30 |
| Sep 30, 2022 | 0.29 |
| Jun 30, 2022 | 0.28 |
| Mar 31, 2022 | 0.27 |
| Dec 31, 2021 | 0.22 |
| Sep 30, 2021 | 0.21 |
API Access
Health Catalyst Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=HCAT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "HCAT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=HCAT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();