HealthEquity Free Cash Flow vs Interest Coverage Analysis

HQY Stock  USD 81.63  1.91  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 Free Cash Flow and its Interest Coverage accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HealthEquity. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index.
For more information on how to buy HealthEquity Stock please use our How to Invest in HealthEquity guide.

Free Cash Flow vs Interest Coverage

Free Cash Flow vs Interest Coverage Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HealthEquity Free Cash Flow account and Interest Coverage. At this time, the significance of the direction appears to have no relationship.
The correlation between HealthEquity's Free Cash Flow and Interest Coverage is 0.04. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Interest Coverage in the same time period over historical financial statements of HealthEquity, assuming nothing else is changed. The correlation between historical values of HealthEquity's Free Cash Flow and Interest Coverage is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of HealthEquity are associated (or correlated) with its Interest Coverage. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Coverage has no effect on the direction of Free Cash Flow i.e., HealthEquity's Free Cash Flow and Interest Coverage go up and down completely randomly.

Correlation Coefficient

0.04
Relationship DirectionPositive 
Relationship StrengthInsignificant

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Interest Coverage

Most indicators from HealthEquity's 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. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HealthEquity. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index.
For more information on how to buy HealthEquity Stock please use our How to Invest in HealthEquity guide.Selling General Administrative is likely to rise to about 108.8 M in 2024. Tax Provision is likely to rise to about 20.3 M in 2024
 2021 2022 2023 2024 (projected)
Gross Profit423.7M490.1M529.9M556.4M
Total Revenue756.6M861.7M999.6M1.0B

HealthEquity fundamental ratios Correlations

0.910.890.980.970.670.690.610.990.760.91-0.760.950.910.930.760.920.850.840.831.00.670.940.750.920.97
0.910.990.850.950.610.720.760.880.740.85-0.750.920.980.970.770.910.960.90.90.920.680.940.770.970.84
0.890.990.810.940.550.660.780.850.70.82-0.720.90.970.940.720.90.980.920.870.890.620.90.720.960.79
0.980.850.810.90.720.720.540.980.770.9-0.730.910.830.890.770.910.740.730.80.970.710.930.760.831.0
0.970.950.940.90.570.620.630.950.680.87-0.740.960.960.930.70.90.940.920.840.970.590.90.70.960.88
0.670.610.550.720.570.430.610.660.590.57-0.480.50.60.740.550.590.480.550.510.690.40.720.560.60.73
0.690.720.660.720.620.430.490.640.770.84-0.650.680.620.650.870.690.580.410.90.640.990.760.870.610.7
0.610.760.780.540.630.610.490.530.580.62-0.60.510.740.770.570.580.770.710.690.620.440.690.570.720.53
0.990.880.850.980.950.660.640.530.720.88-0.740.940.890.910.710.910.810.830.780.990.610.920.70.90.97
0.760.740.70.770.680.590.770.580.720.75-0.560.680.70.760.870.70.640.570.780.730.780.810.870.70.76
0.910.850.820.90.870.570.840.620.880.75-0.840.870.820.830.780.830.780.690.930.890.820.870.770.820.88
-0.76-0.75-0.72-0.73-0.74-0.48-0.65-0.6-0.74-0.56-0.84-0.74-0.72-0.72-0.44-0.7-0.69-0.63-0.81-0.75-0.6-0.73-0.44-0.72-0.72
0.950.920.90.910.960.50.680.510.940.680.87-0.740.880.860.690.970.860.80.810.940.660.870.680.880.9
0.910.980.970.830.960.60.620.740.890.70.82-0.720.880.970.710.840.960.970.850.920.580.930.711.00.81
0.930.970.940.890.930.740.650.770.910.760.83-0.720.860.970.750.870.910.920.840.950.610.980.750.970.88
0.760.770.720.770.70.550.870.570.710.870.78-0.440.690.710.750.710.670.560.840.730.890.821.00.710.76
0.920.910.90.910.90.590.690.580.910.70.83-0.70.970.840.870.710.830.750.780.910.660.860.70.840.9
0.850.960.980.740.940.480.580.770.810.640.78-0.690.860.960.910.670.830.940.840.860.540.840.670.960.72
0.840.90.920.730.920.550.410.710.830.570.69-0.630.80.970.920.560.750.940.70.870.360.840.560.970.72
0.830.90.870.80.840.510.90.690.780.780.93-0.810.810.850.840.840.780.840.70.810.880.870.840.840.77
1.00.920.890.970.970.690.640.620.990.730.89-0.750.940.920.950.730.910.860.870.810.610.940.720.930.96
0.670.680.620.710.590.40.990.440.610.780.82-0.60.660.580.610.890.660.540.360.880.610.730.890.570.68
0.940.940.90.930.90.720.760.690.920.810.87-0.730.870.930.980.820.860.840.840.870.940.730.820.940.92
0.750.770.720.760.70.560.870.570.70.870.77-0.440.680.710.751.00.70.670.560.840.720.890.820.710.75
0.920.970.960.830.960.60.610.720.90.70.82-0.720.881.00.970.710.840.960.970.840.930.570.940.710.82
0.970.840.791.00.880.730.70.530.970.760.88-0.720.90.810.880.760.90.720.720.770.960.680.920.750.82
Click cells to compare fundamentals

HealthEquity Account Relationship Matchups

HealthEquity fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.6B2.7B3.1B3.1B3.2B3.4B
Other Current Liab96.7M126.2M104.7M89.5M95.6M54.8M
Total Current Liabilities152.1M204.3M153.2M131.1M117.1M79.0M
Total Stockholder Equity1.0B1.4B1.9B1.9B2.0B2.1B
Other Liab133.1M128.5M114.0M95.4M109.7M115.2M
Accounts Payable4.0M1.6M27.5M13.9M12.0M6.9M
Cash191.7M328.8M225.4M254.3M404.0M212.6M
Other Assets35.1M37.4M49.8M52.2M1.00.95
Good Will1.3B1.3B1.6B1.6B1.9B2.0B
Common Stock Shares Outstanding68.5M75.7M83.1M84.4M87.0M68.4M
Other Current Assets33.8M58.6M38.5M31.8M48.6M51.0M
Total Liab1.5B1.3B1.3B1.2B1.2B609.8M
Intangible Assets783.3M767.0M973.1M936.4M835.9M428.2M
Property Plant Equipment33.5M118.6M87.0M69.3M79.7M83.7M
Property Plant And Equipment Net116.7M118.6M87.0M69.3M54.4M47.5M
Net Debt1.1B746.2M782.8M740.2M529.2M299.8M
Retained Earnings211.5M220.3M176.1M149.9M205.6M121.8M
Non Current Assets Total2.3B2.2B2.8B2.7B2.7B2.8B
Cash And Short Term Investments191.7M328.8M225.4M254.3M404.0M243.5M
Net Receivables70.5M72.8M87.4M96.8M104.9M52.6M
Liabilities And Stockholders Equity2.6B2.7B3.1B3.1B3.2B1.6B
Non Current Liabilities Total1.4B1.1B1.1B1.1B1.1B578.7M
Other Stockholder Equity818.8M1.2B1.7B1.7B1.8B1.9B
Property Plant And Equipment Gross116.7M118.6M87.0M69.3M95.4M51.6M
Total Current Assets296.0M460.2M351.3M382.9M557.4M320.0M
Net Tangible Assets(1.1B)(715.1M)(766.4M)(688.9M)(620.0M)(589.0M)
Non Currrent Assets Other35.1M37.4M49.8M52.2M(768.1M)(729.7M)
Retained Earnings Total Equity85.3M171.9M211.5M220.3M253.4M266.1M
Capital Surpluse261.2M305.2M818.8M1.2B1.3B1.4B
Non Current Liabilities Other1.4B8.8M14.2M12.7M19.3M18.3M
Net Invested Capital2.3B2.4B2.8B2.8B2.9B2.2B
Net Working Capital145.4M255.5M198.2M251.8M440.3M298.8M

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When determining whether HealthEquity offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of HealthEquity's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Healthequity Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Healthequity Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HealthEquity. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index.
For more information on how to buy HealthEquity Stock please use our How to Invest in HealthEquity guide.
You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Complementary Tools for HealthEquity Stock analysis

When running HealthEquity's price analysis, check to measure HealthEquity's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy HealthEquity is operating at the current time. Most of HealthEquity's value examination focuses on studying past and present price action to predict the probability of HealthEquity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HealthEquity's price. Additionally, you may evaluate how the addition of HealthEquity to your portfolios can decrease your overall portfolio volatility.
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Portfolio Analyzer
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Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Equity Valuation
Check real value of public entities based on technical and fundamental data
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
(0.96)
Earnings Share
0.64
Revenue Per Share
11.682
Quarterly Revenue Growth
0.122
Return On Assets
0.0256
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 if HealthEquity is a good investment 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.