Healthequity Cash and Equivalents vs Total Liabilities Analysis

HQY
 Stock
  

USD 57.67  3.72  6.06%   

Healthequity financial indicator trend analysis is much more than just examining Healthequity latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Healthequity is a good investment. Please check the relationship between Healthequity Cash and Equivalents and its Total Liabilities accounts. Please check Risk vs Return Analysis.

Cash and Equivalents vs Total Liabilities

Cash and Equivalents vs Total Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Healthequity Cash and Equivalents account and Total Liabilities. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Healthequity's Cash and Equivalents and Total Liabilities is 0.54. Overlapping area represents the amount of variation of Cash and Equivalents that can explain the historical movement of Total Liabilities in the same time period over historical financial statements of Healthequity, assuming nothing else is changed. The correlation between historical values of Healthequity's Cash and Equivalents and Total Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash and Equivalents of Healthequity are associated (or correlated) with its Total Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liabilities has no effect on the direction of Cash and Equivalents i.e., Healthequity's Cash and Equivalents and Total Liabilities go up and down completely randomly.

Correlation Coefficient

0.54
Relationship DirectionPositive 
Relationship StrengthWeak

Cash and Equivalents

A component of Total Assets representing the amount of currency on hand as well as demand deposits with banks or financial institutions.

Total Liabilities

Deferred Income Tax is recorded on Healthequity balance sheet and a result of income already earned and recognized for accounting, but not tax, purposes. Also, differences between tax laws and accounting methods can result in a temporary difference in the amount of income tax payable by a company. This difference is recorded on Healthequity books as deferred income tax. Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Principal components are Total Debt; [DeferredRev]; Trade and Non Trade Payables; Deposit Liabilities; and Tax Liabilities.
Most indicators from Healthequity fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Healthequity current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Please check Risk vs Return Analysis.Healthequity Selling General and Administrative Expense is fairly stable at the moment as compared to the past year. Healthequity reported Selling General and Administrative Expense of 142.98 Million in 2021. Issuance Purchase of Equity Shares is likely to rise to about 503.2 M in 2022, whereas Net Cash Flow Business Acquisitions and Disposals is likely to drop (489.9 M) in 2022.
 2019 2020 2021 2022 (projected)
Interest Expense24.77 M34.88 M36.57 M39.46 M
Gross Profit325.91 M415.33 M423.71 M457.16 M

Healthequity fundamental ratios Correlations

-0.44-0.25-0.45-0.36-0.44-0.350.310.250.36-0.41-0.440.18-0.3-0.3-0.46-0.47-0.45-0.25-0.46-0.440.050.25
-0.440.770.990.780.980.660.310.25-0.860.990.980.620.790.790.960.960.950.770.941.0-0.81-0.74
-0.250.770.750.420.760.330.14-0.14-0.790.840.770.470.990.990.620.590.621.00.530.77-0.56-0.99
-0.450.990.750.731.00.610.250.21-0.870.981.00.560.780.780.970.970.970.750.961.0-0.82-0.73
-0.360.780.420.730.670.980.570.6-0.620.770.670.780.460.460.670.760.660.420.720.78-0.67-0.37
-0.440.980.761.00.670.540.20.16-0.860.971.00.520.780.780.980.960.980.760.950.99-0.8-0.74
-0.350.660.330.610.980.540.570.61-0.510.660.530.740.360.360.540.630.520.330.590.65-0.59-0.27
0.310.310.140.250.570.20.570.88-0.10.290.20.840.110.110.220.240.220.140.250.31-0.41-0.06
0.250.25-0.140.210.60.160.610.88-0.110.210.150.69-0.13-0.130.230.310.22-0.140.310.24-0.380.21
0.36-0.86-0.79-0.87-0.62-0.86-0.51-0.1-0.11-0.91-0.86-0.45-0.82-0.82-0.77-0.85-0.76-0.79-0.76-0.860.670.8
-0.410.990.840.980.770.970.660.290.21-0.910.970.630.860.860.910.920.90.840.880.99-0.79-0.82
-0.440.980.771.00.671.00.530.20.15-0.860.970.510.790.790.980.960.970.770.950.99-0.8-0.75
0.180.620.470.560.780.520.740.840.69-0.450.630.510.470.470.480.510.480.470.490.62-0.62-0.41
-0.30.790.990.780.460.780.360.11-0.13-0.820.860.790.471.00.640.630.640.990.570.8-0.55-0.99
-0.30.790.990.780.460.780.360.11-0.13-0.820.860.790.471.00.640.630.640.990.570.8-0.55-0.99
-0.460.960.620.970.670.980.540.220.23-0.770.910.980.480.640.640.981.00.620.990.96-0.81-0.59
-0.470.960.590.970.760.960.630.240.31-0.850.920.960.510.630.630.980.970.590.990.96-0.81-0.57
-0.450.950.620.970.660.980.520.220.22-0.760.90.970.480.640.641.00.970.620.990.95-0.81-0.59
-0.250.771.00.750.420.760.330.14-0.14-0.790.840.770.470.990.990.620.590.620.530.77-0.56-0.99
-0.460.940.530.960.720.950.590.250.31-0.760.880.950.490.570.570.990.990.990.530.94-0.8-0.51
-0.441.00.771.00.780.990.650.310.24-0.860.990.990.620.80.80.960.960.950.770.94-0.81-0.74
0.05-0.81-0.56-0.82-0.67-0.8-0.59-0.41-0.380.67-0.79-0.8-0.62-0.55-0.55-0.81-0.81-0.81-0.56-0.8-0.810.52
0.25-0.74-0.99-0.73-0.37-0.74-0.27-0.060.210.8-0.82-0.75-0.41-0.99-0.99-0.59-0.57-0.59-0.99-0.51-0.740.52
Click cells to compare fundamentals

Healthequity Account Relationship Matchups

Healthequity fundamental ratios Accounts

201720182019202020212022 (projected)
Receivables21.6 M25.67 M70.86 M72.77 M87.43 M94.33 M
Accounts Payable2.42 M3.52 M3.98 M1.61 M27.54 M29.72 M
Total Assets369.16 M510.02 M2.56 B2.71 B3.11 B3.35 B
Current Assets265.4 M394.68 M297.3 M460.18 M351.34 M316.71 M
Assets Non Current103.76 M115.34 M2.27 B2.25 B2.76 B2.97 B
Cash and Equivalents199.47 M361.48 M191.73 M328.8 M225.41 M214.87 M
Cash and Equivalents USD199.47 M361.48 M191.73 M328.8 M225.41 M214.87 M
Shareholders Equity346.27 M477.08 M1.03 B1.38 B1.85 B2 B
Shareholders Equity USD346.27 M477.08 M1.03 B1.38 B1.85 B2 B
Goodwill and Intangible Assets88.29 M84.32 M2.12 B2.09 B2.62 B2.83 B
Total Liabilities22.89 M32.94 M1.53 B1.33 B1.25 B1.35 B
Current Liabilities20.49 M29.05 M151.94 M204.7 M153.19 M165.28 M
Liabilities Non Current2.4 M3.88 M1.38 B1.13 B1.1 B1.19 B
Trade and Non Trade Payables2.42 M3.52 M3.98 M1.61 M27.54 M29.72 M
Property Plant and Equipment Net7.84 M8.22 M116.66 M118.61 M86.98 M93.85 M
Trade and Non Trade Receivables21.6 M25.67 M70.86 M72.77 M87.43 M94.33 M
Accumulated Retained Earnings Deficit85.3 M171.85 M211.51 M220.35 M176.06 M141.49 M
Tax Assets1.61 M5.46 M1.68 M18 K16.2 K16.63 K

Healthequity Investors Sentiment

The influence of Healthequity's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Healthequity. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Healthequity Implied Volatility

    
  37.77  
Healthequity's implied volatility exposes the market's sentiment of Healthequity stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Healthequity's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Healthequity stock will not fluctuate a lot when Healthequity's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Healthequity in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Healthequity's short interest history, or implied volatility extrapolated from Healthequity options trading.

Current Sentiment - HQY

Healthequity Investor Sentiment

Greater number of Macroaxis users are currently bullish on Healthequity. What is your judgment towards investing in Healthequity? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

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Please check Risk vs Return Analysis. Note that the Healthequity information on this page should be used as a complementary analysis to other Healthequity's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

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Is Healthequity's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Healthequity. If investors know Healthequity will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Healthequity listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.96
Market Capitalization
4.9 B
Quarterly Revenue Growth YOY
0.12
Return On Assets
0.0059
Return On Equity
-0.0299
The market value of Healthequity is measured differently than its book value, which is the value of Healthequity that is recorded on the company's balance sheet. Investors also form their own opinion of Healthequity's value that differs from its market value or its book value, called intrinsic value, which is Healthequity's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Healthequity's market value can be influenced by many factors that don't directly affect Healthequity's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Healthequity's value and its price as these two are different measures arrived at by different means. Investors typically determine Healthequity value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Healthequity's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.