Healthequity (HQY) Debt Ratio (2019 - 2026)
Healthequity's (HQY) quarterly Debt Ratio came in at 0.29 in Q2 2026, down 7.81% year-on-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.
- On a quarterly basis, Debt Ratio fell 7.81% year-over-year to 0.29 in Q2 2026; TTM through Apr 2026 was 0.29, a 7.81% decrease from a year earlier, with the FY2026 full-year figure at 0.28, down 7.54% from the prior year.
- Debt Ratio climbed to 0.29 in Q2 2026 per HQY's latest filing, from 0.28 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.31 in Q3 2024 and bottomed at 0.28 in Q1 2024.
- The 5-year median for Debt Ratio is 0.3 (2022), against an average of 0.3.
- Across the five-year window, Debt Ratio decreased 17.71% in 2022 and increased 10.76% in 2025, its largest moves.
- Year by year, Debt Ratio stood at 0.31 in 2022, then declined by 8.06% to 0.28 in 2023, then increased by 9.65% to 0.31 in 2024, then retreated by 6.74% to 0.29 in 2025, then slipped by 1.35% to 0.29 in 2026.
- Per Business Quant, the three latest HQY Debt Ratio figures stand at 0.29 (Q2 2026), 0.28 (Q1 2026), and 0.29 (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 29.34 Bn | 22.03 Bn | 662.02 Mn | - |
| 2 | BrightSpring Health Services | 13.49 Bn | 12.59 Bn | 482.22 Mn | 0.40 |
| 3 | Healthequity | 7.96 Bn | 7.70 Bn | 256.31 Mn | 0.29 |
| 4 | 10x Genomics | 6.17 Bn | 5.63 Bn | 106.18 Mn | - |
| 5 | Hinge Health | 6.02 Bn | 5.70 Bn | 154.23 Mn | - |
| 6 | MiniMed | 4.19 Bn | 3.89 Bn | 480.00 Mn | - |
| 7 | Waystar Holding | 4.14 Bn | 4.07 Bn | 216.84 Mn | 0.25 |
| 8 | Doximity | 3.82 Bn | 3.08 Bn | 125.97 Mn | - |
| 9 | Privia Health | 3.10 Bn | 2.73 Bn | - | - |
| 10 | Omnicell | 1.81 Bn | 1.57 Bn | 140.36 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 | 0.31 |
| 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 |