Healthequity (HQY) Debt Ratio (2019 - 2026)
Healthequity's (HQY) Debt Ratio stood at 0.28 in fiscal Q2 2027 (quarter ended Jul 31, 2026), down 3.4% from 0.29 a year earlier and down 0.2% from the prior quarter.
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Analysis
Healthequity (HQY) Debt Ratio (2019 - 2026) Analysis & Trends
Starting with fiscal Q3 2020, Healthequity's Debt Ratio history includes 28 quarters.
- Across earlier fiscal years, Debt Ratio came in at 0.31 in FY2025 (+10.8%), 0.28 in FY2024 (-7.7%), 0.30 in FY2023 (unchanged) and 0.30 in FY2022 (-17.7%).
- Quarterly Debt Ratio has ranged from 0.28 in fiscal Q4 2024 to 0.31 in fiscal Q2 2025 over the past five years.
- On a year-over-year basis, Debt Ratio has declined for five consecutive quarters, with an average decline of 0.3% over the last eight quarters.
- Peak year-over-year performance for Debt Ratio in the last five years was growth of 10.8% in fiscal Q4 2025, against a decline of 20.4% in fiscal Q3 2022 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 0.29 (Q1 2027), 0.28 (Q4 2026) and 0.29 (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.14 Bn | 82.23 Bn | - | - |
| 2 | Bank of New York Mellon | 98.14 Bn | 37.51 Bn | - | 0.01 |
| 3 | Cme | 94.12 Bn | 94.12 Bn | - | 0.02 |
| 4 | Intercontinental Exchange | 85.35 Bn | 79.16 Bn | - | 0.11 |
| 5 | Nasdaq | 51.71 Bn | 49.14 Bn | 1.50 Bn | 0.32 |
| 6 | State Street | 47.94 Bn | 47.94 Bn | - | - |
| 7 | Interactive Brokers | 38.49 Bn | 31.95 Bn | - | 0.00 |
| 8 | Northern Trust | 30.99 Bn | 30.99 Bn | - | 0.05 |
| 9 | Cboe Global Markets | 28.76 Bn | 20.41 Bn | 731.60 Mn | 0.14 |
| 10 | Healthequity | 7.33 Bn | 6.18 Bn | 257.95 Mn | 0.28 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 0.28 |
| 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 |
API Access
Healthequity 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=HQY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "HQY", "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=HQY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();