Healthequity Investments vs Shareholders Equity Analysis

HQY
 Stock
  

USD 61.68  1.11  1.83%   

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 Investments and its Shareholders Equity accounts. Please check Risk vs Return Analysis.

Investments vs Shareholders Equity

Investments vs Shareholders Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Healthequity Investments account and Shareholders Equity. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Healthequity's Investments and Shareholders Equity is 0.86. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Shareholders Equity in the same time period over historical financial statements of Healthequity, assuming nothing else is changed. The correlation between historical values of Healthequity's Investments and Shareholders Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Investments of Healthequity are associated (or correlated) with its Shareholders Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Shareholders Equity has no effect on the direction of Investments i.e., Healthequity's Investments and Shareholders Equity go up and down completely randomly.

Correlation Coefficient

0.86
Relationship DirectionPositive 
Relationship StrengthStrong

Investments

A component of Total Assets representing the total amount of marketable and non-marketable securties; loans receivable and other invested assets.

Shareholders Equity

A principal component of the balance sheet; in addition to Total Liabilities and Total Assets; that represents the total of all stockholders' equity (deficit) items; net of receivables from officers; directors; owners; and affiliates of the entity which are attributable to the parent.
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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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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
5.2 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.