Healthequity (HQY) Debt Ratio (2019 - 2026)
Healthequity's quarterly Debt Ratio came in at 0.28 in Q1 2026, down 7.54% year-on-year from 0.31 in Q1 2025, and down 2.01% quarter-over-quarter from 0.29 in Q4 2025.
Healthequity has reported Debt Ratio for 8 years, with the latest figure at 0.28 in Q1 2026.
- For the quarter ending Q1 2026, Debt Ratio fell 7.54% year-over-year to 0.28; the trailing twelve-month figure through Jan 2026 stood at 0.28 (down 7.54% YoY), and the FY2026 full-year result was 0.28, down 7.54% from the prior year.
- Debt Ratio for Q1 2026 stood at 0.28, down from 0.29 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.
- Average Debt Ratio over 5 years is 0.3, with a median of 0.3 recorded in 2023.
- Year-over-year, Debt Ratio decreased 17.71% in 2022 and increased 10.76% in 2025.
- Tracing HQY's Debt Ratio over 5 years: stood at 0.3 in 2022, then fell by 6.54% to 0.28 in 2023, then rose by 9.65% to 0.31 in 2024, then decreased by 6.74% to 0.29 in 2025, then dropped by 2.01% to 0.28 in 2026.
- The last three Debt Ratio figures came in at 0.28 (Q1 2026), 0.29 (Q4 2025), and 0.29 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | - |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 0.40 |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 0.29 |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | - |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | - |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 0.25 |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | - |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | - |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | - |
| 10 | Teladoc Health | 1.42 Bn | 672.39 Mn | 562.57 Mn | - |
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 | 0.30 |
| Oct 31, 2022 | 0.30 |
| Jul 31, 2022 | 0.30 |
| Apr 30, 2022 | 0.30 |
| Jan 31, 2022 | 0.30 |
| Oct 31, 2021 | 0.30 |
| Jul 31, 2021 | 0.31 |
| Apr 30, 2021 | 0.31 |
| Jan 31, 2021 | 0.36 |
| Oct 31, 2020 | 0.38 |
| Jul 31, 2020 | 0.38 |
| Apr 30, 2020 | 0.47 |
| Jan 31, 2020 | 0.48 |
| Oct 31, 2019 | 0.48 |