As of May 27, 2025, Healthequity Inc (HQY) reports a Current Ratio of 3.06.
Current Ratio assesses a company's ability to pay short-term debts by comparing liquid assets to liabilities, with higher ratios signaling better financial health.
Historical Trend of Healthequity Inc's Current Ratio
Over recent years, Healthequity Inc's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2025-01-31 | 3.06 |
| 2024-01-31 | 4.76 |
| 2023-01-31 | 2.92 |
| 2022-01-31 | 2.29 |
| 2021-01-31 | 2.25 |
This steady improvement highlights how Healthequity Inc manages its short-term assets and liabilities over time.
Comparing Healthequity Inc's Current Ratio to Peers
To better understand Healthequity Inc's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Healthequity Inc (HQY) | 3.06 |
| Pacific Health Care Organization Inc (PFHO) | 16.54 |
| Alarm.com Holdings Inc (ALRM) | 7.85 |
| Upwork Inc (UPWK) | 3.39 |
| 1Life Healthcare Inc (ONEM) | 3.03 |
| Magellan Health Inc (MGLN) | 2.92 |
Compared to its competitors, Healthequity Inc's Current Ratio is among the highest compared to peers, indicating strong short-term financial flexibility but potentially excess cash that could be invested.