What is HealthEquity's current ratio?

HealthEquity (HQY) reported current ratio of 3.4× in Q1 2026.

How has HealthEquity's current ratio changed year-over-year?

HealthEquity's current ratio decreased by 15.4% year-over-year, from 4.1× to 3.4×.

What is the long-term trend for HealthEquity's current ratio?

Over 5 years (2021 to 2026), HealthEquity's current ratio has grown at a 7.8% compound annual growth rate (CAGR), from 2.2× to 3.3×.

What does current ratio mean?

Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.

HealthEquity HQY Current ratio

Current ratio at other companies

UnitedHealth GroupUNH

0.8×-0.1×

Willis Towers WatsonWTW

1.2×0.0×

CVS HealthCVS

0.9×0.0×

CenteneCNC

1.1×0.0×

Oscar HealthOSCR

1.1×+0.2×

Other financials

Income statement

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Revenue$354.6M+7.2%

Gross profit$256.3M+14.3%

Operating income$103.0M+23.9%

Net income$69.4M+28.8%

EPS (diluted)$0.82+34.4%

Balance sheet

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Cash & equivalents$265.4M-7.8%

Total debt$984.7M-11.0%

Total equity$2.0B-3.6%

Total assets$3.3B-3.2%

Cash flow

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Operating cash flow$97.5M+50.6%

CapEx$362.0K+321%

Free cash flow$97.2M+50.3%

Valuation

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Market cap$7.12B-6.7%

Enterprise value$7.84B-7.2%

P/E30.9×-31.8×

P/S5.3×-0.8×

Profitability

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Gross margin70.7%+5.2pp

Operating margin25.6%+9.2pp

Net margin17.3%+7.5pp

FCF margin36.5%+9.3pp

Returns & leverage

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Return on equity11.1%+5.3pp

Debt / equity0.5×0.0×

Where this comes from

Calculated from HealthEquity’s reported figures.

total current assets/total current liabilities=3.4×

Based on the most recent quarter.

The official record: HealthEquity’s 10-Q, filed May 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is HealthEquity's current ratio?: HealthEquity (HQY) reported current ratio of 3.4× in Q1 2026.
How has HealthEquity's current ratio changed year-over-year?: HealthEquity's current ratio decreased by 15.4% year-over-year, from 4.1× to 3.4×.
What is the long-term trend for HealthEquity's current ratio?: Over 5 years (2021 to 2026), HealthEquity's current ratio has grown at a 7.8% compound annual growth rate (CAGR), from 2.2× to 3.3×.
What does current ratio mean?: Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.