HealthEquity Inc

NASDAQ HQY

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HealthEquity Inc Interest Coverage Ratio 2 year CAGR for the year ending January 31, 2024: 56.20%

HealthEquity Inc Interest Coverage Ratio 2 year CAGR is 56.20% for the year ending January 31, 2024, a 233.88% change year over year. The interest coverage ratio is a measure of a company's ability to meet its interest payment obligations on its outstanding debt. It is calculated by dividing the company's earnings before interest and taxes (EBIT) by its interest expense. This ratio indicates the extent to which a company's earnings can cover its interest expenses. A higher interest coverage ratio suggests that the company has a greater capacity to make interest payments, indicating lower financial risk. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • HealthEquity Inc Interest Coverage Ratio for the year ending January 31, 2023 was 0.80, a -15.13% change year over year.
  • HealthEquity Inc Interest Coverage Ratio for the year ending January 31, 2022 was 0.95, a -60.33% change year over year.
  • HealthEquity Inc Interest Coverage Ratio for the year ending January 31, 2021 was 2.39, a -23.20% change year over year.
  • HealthEquity Inc Interest Coverage Ratio for the year ending January 31, 2020 was 3.11.
NASDAQ: HQY

HealthEquity Inc

CEO Mr. Jon Kessler
IPO Date July 31, 2014
Location United States
Headquarters 15 West Scenic Pointe Drive, Draper, UT, United States, 84020
Employees 3,126
Sector Healthcare
Industry Health information services
Description

HealthEquity, Inc. provides technology-enabled services platforms to consumers and employers in the United States. The company offers cloud-based platforms for individuals to make health saving and spending decisions, pay healthcare bills, receive personalized benefit information, earn wellness incentives, grow their savings, and make investment choices; and health savings accounts. It also provides investment platform; and online-only automated investment advisory services through Advisor, a Web-based tool. In addition, the company offers flexible spending accounts; health reimbursement arrangements; and Consolidated Omnibus Budget Reconciliation Act continuation services, as well as administers pre-tax commuter benefit programs. It serves clients through a direct sales force; benefits brokers and advisors; and a network of health plans, benefits administrators, benefits brokers and consultants, and retirement plan record-keepers. HealthEquity, Inc. was incorporated in 2002 and is based in Draper, Utah.

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September 20, 2024

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