Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 29.68% is in line with its 5-year average of 31.44%, near the low end of its 5-year range (29.18%–33.56%).
As of the fiscal period ended Friday, July 31, 2026. 0.92% below its 12-month average of 29.96%.
Reported quarterly debt to assets ratio; no daily interpolation. Q2 FY2027 (2026-07-31): 29.68%.
DEBT TO ASSETS RATIO
29.68%
DEBT TO ASSETS RATIO AVG TTM
29.96%
DEBT TO ASSETS RATIO AVG 3Y
30.79%
DEBT TO ASSETS RATIO AVG 5Y
31.44%
DEBT TO ASSETS RATIO AVG 10Y
23.88%
DEBT TO ASSETS RATIO AVG 15Y
N/A
DEBT TO ASSETS RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-0.92%
CURRENT VS 3Y AVG
-3.61%
CURRENT VS 5Y AVG
-5.58%
CURRENT VS 10Y AVG
+24.31%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
0.09%
median of 874 covered companies
CURRENT VS SECTOR MEDIAN
+32880.34%
vs the sector median at left
HealthEquity, Inc.
Market Cap
$7.62B
Debt to Assets Ratio
29.68%
TTM Avg
29.96%
3Y Avg
30.79%
5Y Avg
31.44%
Market Cap
$7.58B
Debt to Assets Ratio
0.66%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$7.66B
Debt to Assets Ratio
0.00%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$7.76B
Debt to Assets Ratio
0.37%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$7.30B
Debt to Assets Ratio
0.81%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$7.99B
Debt to Assets Ratio
0.46%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| HealthEquity, Inc. (HQY) | $7.62B | 29.68% | 29.96% | 30.79% | 31.44% |
| Cytokinetics, Incorporated (CYTK)vs › | $7.58B | 0.66% | N/A | N/A | N/A |
| Praxis Precision Medicines, Inc. (PRAX)vs › | $7.66B | 0.00% | N/A | N/A | N/A |
| Hinge Health, Inc. (HNGE)vs › | $7.56B | 0.01% | N/A | N/A | N/A |
| Caris Life Sciences, Inc. (CAI)vs › | $7.76B | 0.37% | N/A | N/A | N/A |
| Ionis Pharmaceuticals, Inc. (IONS)vs › | $7.30B | 0.81% | N/A | N/A | N/A |
| TG Therapeutics, Inc. (TGTX)vs › | $7.99B | 0.46% | N/A | N/A | N/A |
| Alkermes plc (ALKS)vs › | $6.98B | 0.36% | N/A | N/A | N/A |
| Oscar Health, Inc. (OSCR)vs › | $8.40B | 0.04% | N/A | N/A | N/A |
| Chemed Corporation (CHE)vs › | $6.66B | 0.21% | N/A | N/A | N/A |
Debt/Assets
29.7%
Debt/Equity
0.49
Current Ratio
2.99
Interest Coverage
5.6x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-07-31 | 29.68% |
| 2026-04-30 | 29.78% |
| 2026-01-31 | 29.18% |
| 2025-10-31 | 30.26% |
| 2025-07-31 | 30.88% |
| 2025-04-30 | 32.40% |
| 2025-01-31 | 32.14% |
| 2024-10-31 | 32.54% |
| 2024-07-31 | 32.93% |
| 2024-04-30 | 30.30% |
| 2024-01-31 | 29.49% |
| 2023-10-31 | 30.21% |
| 2023-07-31 | 30.52% |
| 2023-04-30 | 31.04% |
| 2023-01-31 | 32.20% |
| 2022-10-31 | 32.57% |
| 2022-07-31 | 32.60% |
| 2022-04-30 | 32.81% |
| 2022-01-31 | 32.45% |
| 2021-10-31 | 32.60% |
| 2021-07-31 | 33.56% |
| 2021-04-30 | 33.46% |
| 2021-01-31 | 39.66% |
| 2020-10-31 | 41.08% |
| 2020-07-31 | 41.30% |
| 2020-04-30 | 51.09% |
| 2020-01-31 | 50.73% |
| 2019-10-31 | 51.22% |
| 2019-07-31 | 3.61% |
| 2019-04-30 | 6.71% |
| 2019-01-31 | 0.00% |
| 2018-10-31 | 0.00% |
| 2018-07-31 | 0.00% |
| 2018-04-30 | 0.00% |
| 2018-01-31 | 0.00% |
| 2017-10-31 | 0.00% |
| 2017-07-31 | 0.00% |
| 2017-04-30 | 0.00% |
| 2017-01-31 | 0.00% |
| 2016-10-31 | 0.00% |
| 2016-07-31 | 0.00% |
| 2016-04-30 | 0.00% |
| 2016-01-31 | 0.00% |
| 2015-10-31 | 0.00% |
| 2015-07-31 | 0.00% |
| 2015-04-30 | 0.00% |
| 2015-01-31 | 0.00% |
| 2014-10-31 | 0.00% |
| 2014-07-31 | 0.00% |
| 2014-04-30 | 0.00% |
| 2014-01-31 | 0.00% |
