What is HealthEquity's quick ratio?

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

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

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

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

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

What does quick ratio mean?

Current assets excluding inventory, divided by current liabilities at the quarter end (the 'acid-test'). A stricter liquidity measure that excludes the least-liquid current asset.

HealthEquity HQY Quick ratio

Quick ratio at other companies

UnitedHealth GroupUNH

0.8×-0.1×

Willis Towers WatsonWTW

1.2×0.0×

CVS HealthCVS

0.7×0.0×

CenteneCNC

1.1×0.0×

Oscar HealthOSCR

1.1×+0.2×

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$97.5M+50.6%

CapEx$362.0K+321%

Free cash flow$97.2M+50.3%

Valuation

See full

Market cap$7.12B-6.7%

Enterprise value$7.84B-7.2%

P/E30.9×-31.8×

P/S5.3×-0.8×

Profitability

See full

Gross margin70.7%+5.2pp

Operating margin25.6%+9.2pp

Net margin17.3%+7.5pp

FCF margin36.5%+9.3pp

Returns & leverage

See full

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.

quick 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 →

Ask your AI about HealthEquity's quick ratio.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is HealthEquity's quick ratio?: HealthEquity (HQY) reported quick ratio of 3.4× in Q1 2026.
How has HealthEquity's quick ratio changed year-over-year?: HealthEquity's quick ratio decreased by 15.4% year-over-year, from 4.1× to 3.4×.
What is the long-term trend for HealthEquity's quick ratio?: Over 5 years (2021 to 2026), HealthEquity's quick ratio has grown at a 7.8% compound annual growth rate (CAGR), from 2.2× to 3.3×.
What does quick ratio mean?: Current assets excluding inventory, divided by current liabilities at the quarter end (the 'acid-test'). A stricter liquidity measure that excludes the least-liquid current asset.