What is HealthEquity's debt-to-assets?

HealthEquity (HQY) reported debt-to-assets of 0.3× in Q1 2026.

How has HealthEquity's debt-to-assets changed year-over-year?

HealthEquity's debt-to-assets decreased by 8.1% year-over-year, from 0.3× to 0.3×.

What is the long-term trend for HealthEquity's debt-to-assets?

Over 5 years (2021 to 2026), HealthEquity's debt-to-assets has grown at a -5.7% compound annual growth rate (CAGR), from 0.4× to 0.3×.

What does debt-to-assets mean?

Total debt divided by total assets at the quarter end. Measures the share of the asset base financed by debt.

HealthEquity HQY Debt-to-assets

Debt-to-assets at other companies

UnitedHealth GroupUNH

0.2×0.0×

Webster Financial CorporationWBS

0.1×0.0×

Willis Towers WatsonWTW

0.2×0.0×

CVS HealthCVS

0.1×0.0×

CenteneCNC

0.2×0.0×

Voya FinancialVOYA

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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×

Current ratio3.4×-0.6×

Where this comes from

Calculated from HealthEquity’s reported figures.

total debt/total assets=0.3×

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 debt-to-assets?: HealthEquity (HQY) reported debt-to-assets of 0.3× in Q1 2026.
How has HealthEquity's debt-to-assets changed year-over-year?: HealthEquity's debt-to-assets decreased by 8.1% year-over-year, from 0.3× to 0.3×.
What is the long-term trend for HealthEquity's debt-to-assets?: Over 5 years (2021 to 2026), HealthEquity's debt-to-assets has grown at a -5.7% compound annual growth rate (CAGR), from 0.4× to 0.3×.
What does debt-to-assets mean?: Total debt divided by total assets at the quarter end. Measures the share of the asset base financed by debt.