What is Health Catalyst's cash ratio?

Health Catalyst (HCAT) reported cash ratio of 0.6× in Q1 2026.

How has Health Catalyst's cash ratio changed year-over-year?

Health Catalyst's cash ratio decreased by 44.8% year-over-year, from 1× to 0.6×.

What is the long-term trend for Health Catalyst's cash ratio?

Over 5 years (2020 to 2025), Health Catalyst's cash ratio has grown at a -11.5% compound annual growth rate (CAGR), from 1× to 0.6×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Health Catalyst HCAT Cash ratio

Cash ratio at other companies

International Business MachinesIBM

0.3×0.0×

OracleORCL

0.9×+0.4×

Definitive Healthcare Corp.DH

1.1×+0.4×

CareCloud, Inc.CCLD

0.1×-0.3×

National Research CorporationNRC

0.1×0.0×

Evolent Health, Inc.EVH

0.4×0.0×

Other financials

Income statement

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Revenue$70.8M-10.9%

Gross profit$35.5M-2.1%

Operating income-$106.5M-428%

Net income-$111.0M-368%

EPS (diluted)-$1.53-337%

Balance sheet

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Cash & equivalents$59.9M-82.5%

Total debt$170.6M-57.6%

Total equity$138.1M-63.3%

Total assets$412.2M-53.8%

Cash flow

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Operating cash flow$18.5M+6,511%

CapEx$338.0K-49.6%

Free cash flow$18.2M+4,760%

Valuation

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Market cap$147.05M-43.6%

Enterprise value$257.76M-32.7%

P/S0.5×-0.3×

Profitability

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Gross margin49.9%+4.7pp

Operating margin-81.7%-127pp

Net margin-87.7%-138pp

FCF margin-0.8%-0.4pp

Returns & leverage

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Return on equity-103%-135pp

Debt / equity1.2×+0.2×

Current ratio1.7×+0.4×

Where this comes from

Calculated from Health Catalyst’s reported figures.

cash and equivalents/total current liabilities=0.6×

Based on the most recent quarter.

The official record: Health Catalyst’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Health Catalyst's cash ratio?: Health Catalyst (HCAT) reported cash ratio of 0.6× in Q1 2026.
How has Health Catalyst's cash ratio changed year-over-year?: Health Catalyst's cash ratio decreased by 44.8% year-over-year, from 1× to 0.6×.
What is the long-term trend for Health Catalyst's cash ratio?: Over 5 years (2020 to 2025), Health Catalyst's cash ratio has grown at a -11.5% compound annual growth rate (CAGR), from 1× to 0.6×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.