HealthEquity Balance Sheet Health
Financial Health criteria checks 4/6
HealthEquity has a total shareholder equity of $2.2B and total debt of $1.1B, which brings its debt-to-equity ratio to 51.1%. Its total assets and total liabilities are $3.5B and $1.4B respectively. HealthEquity's EBIT is $179.2M making its interest coverage ratio 4.6. It has cash and short-term investments of $326.9M.
Key information
51.1%
Debt to equity ratio
US$1.10b
Debt
| Interest coverage ratio | 4.6x |
| Cash | US$326.89m |
| Equity | US$2.16b |
| Total liabilities | US$1.36b |
| Total assets | US$3.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2HE's short term assets ($495.6M) exceed its short term liabilities ($120.9M).
Long Term Liabilities: 2HE's short term assets ($495.6M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: 2HE's net debt to equity ratio (35.9%) is considered satisfactory.
Reducing Debt: 2HE's debt to equity ratio has increased from 0% to 51.1% over the past 5 years.
Debt Coverage: 2HE's debt is well covered by operating cash flow (27.9%).
Interest Coverage: 2HE's interest payments on its debt are well covered by EBIT (4.6x coverage).