Healthequity (HQY) Debt to Equity (2019 - 2026)
Healthequity (HQY) recorded quarterly Debt to Equity of $0.46 in Q2 2026, up 1.34% quarter-over-quarter from $0.45 in Q1 2026, and down 7.45% on a YoY basis from $0.5 in Q2 2025.
Healthequity (HQY) Debt to Equity (2019 - 2026) Analysis & Trends
Healthequity's Debt to Equity history runs 8 years deep, the most recent figure standing at $0.46 for Q2 2026.
- In Q2 2026, Debt to Equity fell 7.45% year-over-year to $0.46; the TTM figure through Apr 2026 stood at $0.46 (down 7.45% YoY), while the FY2026 annual figure was $0.45, down 9.03% from the prior year.
- Debt to Equity was $0.46 for Q2 2026 at Healthequity, up from $0.45 in the prior quarter.
- In the past five years, Debt to Equity ranged from a high of $0.51 in Q3 2024 to a low of $0.43 in Q1 2024.
- Historically, Debt to Equity has averaged $0.48 across 5 years, with a median of $0.48 in 2025.
- The sharpest annual moves came in 2022 and 2025: Debt to Equity fell 29.79% in 2022, then climbed 16.16% in 2025.
- A 5-year view of Debt to Equity shows it stood at $0.49 in 2022, then dropped by 10.64% to $0.44 in 2023, then grew by 15.69% to $0.51 in 2024, then dropped by 9.55% to $0.46 in 2025, then gained by 0.04% to $0.46 in 2026.
- The last three Debt to Equity figures came in at $0.46 (Q2 2026), $0.45 (Q1 2026), and $0.46 (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 24.83 Bn | 17.52 Bn | 662.02 Mn | - |
| 2 | BrightSpring Health Services | 13.57 Bn | 12.69 Bn | 482.22 Mn | 1.26 |
| 3 | Healthequity | 7.20 Bn | 6.93 Bn | 256.31 Mn | 0.46 |
| 4 | Hinge Health | 5.42 Bn | 5.11 Bn | 154.23 Mn | - |
| 5 | 10x Genomics | 4.46 Bn | 3.92 Bn | 106.18 Mn | - |
| 6 | Doximity | 3.81 Bn | 3.06 Bn | 125.97 Mn | - |
| 7 | Waystar Holding | 3.52 Bn | 3.36 Bn | 268.04 Mn | 0.37 |
| 8 | Privia Health | 2.94 Bn | 2.57 Bn | 595.71 Mn | - |
| 9 | Omnicell | 1.76 Bn | 1.59 Bn | 140.36 Mn | - |
| 10 | Teladoc Health | 1.45 Bn | 696.57 Mn | 562.57 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 0.46 |
| Jan 31, 2026 | 0.45 |
| Oct 31, 2025 | 0.46 |
| Jul 31, 2025 | 0.47 |
| Apr 30, 2025 | 0.50 |
| Jan 31, 2025 | 0.50 |
| Oct 31, 2024 | 0.51 |
| Jul 31, 2024 | 0.51 |
| Apr 30, 2024 | 0.44 |
| Jan 31, 2024 | 0.43 |
| Oct 31, 2023 | 0.44 |
| Jul 31, 2023 | 0.45 |
| Apr 30, 2023 | 0.45 |
| Jan 31, 2023 | 0.49 |
| Oct 31, 2022 | 0.49 |
| Jul 31, 2022 | 0.50 |
| Apr 30, 2022 | 0.50 |
| Jan 31, 2022 | 0.50 |
| Oct 31, 2021 | 0.50 |
| Jul 31, 2021 | 0.52 |