Healthequity Debt Current vs Total Assets Analysis

HQY
 Stock
  

USD 65.15  1.60  2.40%   

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 Debt Current and its Total Assets accounts. Please check Risk vs Return Analysis.

Debt Current vs Total Assets

Debt Current vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Healthequity Debt Current account and Total Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between Healthequity's Debt Current and Total Assets is 0.21. Overlapping area represents the amount of variation of Debt Current that can explain the historical movement of Total Assets in the same time period over historical financial statements of Healthequity, assuming nothing else is changed. The correlation between historical values of Healthequity's Debt Current and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Debt Current of Healthequity are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Debt Current i.e., Healthequity's Debt Current and Total Assets go up and down completely randomly.

Correlation Coefficient

0.21
Relationship DirectionPositive 
Relationship StrengthVery Weak

Debt Current

The current portion of Total Debt; reported if the company operates a classified balance sheet that segments current and non-current liabilities.

Total Assets

Total assets refers to the total amount of Healthequity assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Healthequity books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Major components are Cash and Equivalents; Investments; Goodwill and Intangible Assets; Property Plant and Equipment Net; Tax Assets and Trade and Non Trade Receivables.
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

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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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

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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
5.6 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.