HealthEquity Balance Sheet Health
Financial Health criteria checks 3/6
HealthEquity has a total shareholder equity of $2.0B and total debt of $875.0M, which brings its debt-to-equity ratio to 43%. Its total assets and total liabilities are $3.2B and $1.1B respectively. HealthEquity's EBIT is $128.1M making its interest coverage ratio 3. It has cash and short-term investments of $404.0M.
Key information
43.0%
Debt to equity ratio
US$874.97m
Debt
Interest coverage ratio | 3x |
Cash | US$403.98m |
Equity | US$2.04b |
Total liabilities | US$1.13b |
Total assets | US$3.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2HE's short term assets ($557.4M) exceed its short term liabilities ($117.1M).
Long Term Liabilities: 2HE's short term assets ($557.4M) do not cover its long term liabilities ($1.0B).
Debt to Equity History and Analysis
Debt Level: 2HE's net debt to equity ratio (23.1%) is considered satisfactory.
Reducing Debt: 2HE's debt to equity ratio has increased from 0% to 43% over the past 5 years.
Debt Coverage: 2HE's debt is well covered by operating cash flow (27.8%).
Interest Coverage: 2HE's interest payments on its debt are not well covered by EBIT (3x coverage).