Healthequity (HQY) Debt Ratio (2019 - 2026)
Healthequity (HQY) posted Debt Ratio of 0.28 for Q3 2026, little changed on a QoQ basis from 0.29 in Q2 2026, and down 3.42% year-over-year from 0.29 in Q3 2025.
Analysis
Healthequity (HQY) Debt Ratio (2019 - 2026) Analysis & Trends
Healthequity has reported Debt Ratio for 8 years, with the latest figure at 0.28 in Q3 2026.
- On a quarterly basis, Debt Ratio fell 3.42% year-over-year to 0.28 in Q3 2026; TTM through Jul 2026 was 0.28, a 3.42% decrease from a year earlier, with the FY2026 full-year figure at 0.28, down 7.54% from the prior year.
- Debt Ratio was 0.28 for Q3 2026 at Healthequity, roughly flat 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 0.29 recorded in 2025.
- The sharpest annual moves came in 2022 and 2025: Debt Ratio retreated 21.88% in 2022, then grew 10.76% in 2025.
- Over 5 years, Debt Ratio stood at 0.31 in 2022, then fell by 8.06% 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 fell by 1.53% to 0.28 in 2026.
- The last three Debt Ratio figures came in at 0.28 (Q3 2026), 0.29 (Q2 2026), and 0.28 (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank of New York Mellon | 111.85 Bn | 51.23 Bn | - | 0.07 |
| 2 | State Street | 53.36 Bn | 53.36 Bn | - | - |
| 3 | Northern Trust | 34.15 Bn | 34.15 Bn | - | 0.05 |
| 4 | Sei Investments | 13.24 Bn | 13.16 Bn | - | 0.01 |
| 5 | Healthequity | 7.97 Bn | 7.71 Bn | 257.95 Mn | 0.28 |
| 6 | AtlasClear Holdings | 28.46 Mn | -12.04 Mn | - | 0.19 |
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 | 0.31 |
| 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 |