Healthequity (HQY) Debt Ratio (2019 - 2026)
Healthequity (HQY) posted quarterly Debt Ratio of 0.29 for Q2 2026, down 7.81% year-over-year from 0.31 in Q2 2025, and up 0.67% quarter-over-quarter from 0.28 in Q1 2026.
Healthequity (HQY) Debt Ratio (2019 - 2026) Analysis & Trends
Healthequity's Debt Ratio history runs 8 years deep, the most recent figure standing at 0.29 for Q2 2026.
- In Q2 2026, Debt Ratio fell 7.81% year-over-year to 0.29; the TTM figure through Apr 2026 stood at 0.29 (down 7.81% YoY), while the FY2026 annual figure was 0.28, down 7.54% from the prior year.
- Debt Ratio for Q2 2026 stood at 0.29, up from 0.28 in the prior quarter.
- The five-year high for Debt Ratio was 0.31 in Q3 2024, with the low at 0.28 in Q1 2024.
- The 5-year median for Debt Ratio is 0.3 (2022), against an average of 0.3.
- The sharpest annual moves came in 2022 and 2025: Debt Ratio declined 17.71% in 2022, then advanced 10.76% in 2025.
- Healthequity's Debt Ratio stood at 0.31 in 2022, then dropped by 8.06% to 0.28 in 2023, then grew by 9.65% to 0.31 in 2024, then fell by 6.74% to 0.29 in 2025, then decreased by 1.35% to 0.29 in 2026.
- Business Quant data shows HQY's Debt Ratio at 0.29 in Q2 2026, 0.28 in Q1 2026, and 0.29 in Q4 2025.
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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 | Privia Health | 2.78 Bn | 2.42 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 0.29 |
| Jan 31, 2026 | 0.28 |
| Oct 31, 2025 | 0.29 |
| Jul 31, 2025 | 0.29 |
| Apr 30, 2025 | 0.31 |
| Jan 31, 2025 | 0.31 |
| Oct 31, 2024 | 0.31 |
| Jul 31, 2024 | 0.31 |
| Apr 30, 2024 | 0.29 |
| Jan 31, 2024 | 0.28 |
| Oct 31, 2023 | 0.28 |
| Jul 31, 2023 | 0.28 |
| Apr 30, 2023 | 0.29 |
| Jan 31, 2023 | 0.31 |
| Oct 31, 2022 | 0.31 |
| Jul 31, 2022 | 0.31 |
| Apr 30, 2022 | 0.31 |
| Jan 31, 2022 | 0.30 |
| Oct 31, 2021 | 0.30 |
| Jul 31, 2021 | 0.31 |