Health Catalyst (HCAT) Debt Ratio (2018 - 2026)
Health Catalyst's (HCAT) quarterly Debt Ratio came in at 0.38 in Q1 2026, down 45.44% YoY from 0.69 in Q1 2025, and up 23.33% on a QoQ basis from 0.3 in Q4 2025.
Health Catalyst (HCAT) Debt Ratio (2018 - 2026) Analysis & Trends
Health Catalyst (HCAT) has 9 years of Debt Ratio data on file, last reported at 0.38 in Q1 2026.
- Quarterly Debt Ratio fell 45.44% year-over-year to 0.38 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.38 (down 45.44% YoY) and the FY2025 annual result came in at 0.3, down 31.51% from the prior year.
- Debt Ratio climbed to 0.38 in Q1 2026, from 0.3 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 0.71 in Q3 2024 to a low of 0.25 in Q2 2025.
- A 5-year average of 0.36 and a median of 0.31 in 2023 frame the typical range for Debt Ratio.
- Annual changes were most pronounced in 2022 — Debt Ratio jumped 887.5% — and 2025, when it sank 62.76%.
- Tracing HCAT's Debt Ratio over 5 years: stood at 0.3 in 2022, then climbed by 7.91% to 0.32 in 2023, then soared by 37.01% to 0.45 in 2024, then tumbled by 31.51% to 0.3 in 2025, then climbed by 23.33% to 0.38 in 2026.
- The last three Debt Ratio figures came in at 0.38 (Q1 2026), 0.3 (Q4 2025), and 0.26 (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | - |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 0.37 |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 0.29 |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | - |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | - |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | - |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 0.25 |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | - |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | - |
| 10 | Health Catalyst | 138.20 Mn | 34.76 Mn | 34.86 Mn | 0.43 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.43 |
| Mar 31, 2026 | 0.38 |
| Dec 31, 2025 | 0.30 |
| Sep 30, 2025 | 0.26 |
| Jun 30, 2025 | 0.25 |
| Mar 31, 2025 | 0.69 |
| Dec 31, 2024 | 0.45 |
| Sep 30, 2024 | 0.71 |
| 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 |