HQY (HealthEquity) Effective Interest Rate on Debt % : 5.44% (As of Jan. 2025)

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What is HealthEquity Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. HealthEquity's annualized positive value of Interest Expense for the quarter that ended in Jan. 2025 was $61 Mil. HealthEquity's average total debt for the quarter that ended in Jan. 2025 was $1,122 Mil. Therefore, HealthEquity's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2025 was 5.44%.

HealthEquity Effective Interest Rate on Debt % Historical Data

The historical data trend for HealthEquity's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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HealthEquity Effective Interest Rate on Debt % Chart

HealthEquity Annual Data

Trend

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Jan25

Effective Interest Rate on Debt %

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2.94

3.51

4.84

5.75

5.94

HealthEquity Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.84	4.92	5.76	6.34	5.44

Competitive Comparison of HealthEquity's Effective Interest Rate on Debt %

For the Health Information Services subindustry, HealthEquity's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

HealthEquity's Effective Interest Rate on Debt % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, HealthEquity's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where HealthEquity's Effective Interest Rate on Debt % falls into.

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HealthEquity Effective Interest Rate on Debt % Calculation

HealthEquity's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jan. 2024 )	+	Total Debt (A: Jan. 2025 ))	/ count )
=	-1 * -60.634	/	( (933.142	+	1108.521)	/ 2 )
=	-1 * -60.634	/	1020.8315
=	5.94 %

where

	Total Debt (A: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	923.738	+	9.404
=	933.142

	Total Debt (A: Jan. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1098.52	+	10.001
=	1108.521

HealthEquity's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2024 )	+	Total Debt (Q: Jan. 2025 ))	/ count )
=	-1 * -61.028	/	( (1135.189	+	1108.521)	/ 2 )
=	-1 * -61.028	/	1121.855
=	5.44 %

where

	Total Debt (Q: Oct. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1125.241	+	9.948
=	1135.189

	Total Debt (Q: Jan. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1098.52	+	10.001
=	1108.521

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Jan. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

HealthEquity (NAS:HQY) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

HealthEquity Effective Interest Rate on Debt % Related Terms

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HealthEquity Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » HealthEquity Inc (NAS:HQY) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

2HE:Germany

Address

15 West Scenic Pointe Drive, Suite 100, Draper, UT, USA, 84020

Website

https://www.healthequity.com

HealthEquity Inc provides solutions that allow consumers to make healthcare saving and spending decisions. It provides payment processing services, personalized benefit information, the ability to earn wellness incentives, and investment advice to grow their tax-advantaged healthcare savings. It manages consumers' tax-advantaged health savings accounts (HSAs) and other consumer-directed benefits (CDBs) offered by employers, including flexible spending accounts and health reimbursement arrangements (FSAs and HRAs), and administers Consolidated Omnibus Budget Reconciliation Act (COBRA), commuter and other benefits. It also provides investment advisory services to customers whose account balances exceed a certain threshold. HealthEquity generates its revenue in the United States.

Executives

Robert W Selander	director	MASTERCARD INTERNATIONAL, 2000 PURCHASE STREET, PURCHASE NY 10577
Stuart B. Parker	director	200 EAST RANDOLPH STREET, SUITE 3300, CHICAGO IL 60601
Elimelech Rosner	officer: EVP, Chief Technology Officer	5196 BELMORE COURT, SUWANEE GA 30024
Debra Charlotte Mccowan	director	1436 CABRILLO AVENUE, BURLINGAME CA 94010
Frank Corvino	director	GREENWICH HOSPITAL, 5 PERRYRIDGE ROAD, GREENWICH CT 06830
Jon Kessler	director, officer: President and CEO	15 W. SCENIC POINTE DR., STE. 100, DRAPER UT 84020
Stephen Neeleman	director, officer: Founder and Vice Chairman	15 W. SCENIC POINTE DR., STE. 100, DRAPER UT 84020
Gayle Furgurson Wellborn	director	123 TORRENCE CHAPEL ROAD, MOORESVILLE NC 28117
Evelyn S Dilsaver	director	C/O LONGS DRUG STORES CORPORATION, 141 NORTH CIVIC DRIVE, WALNUT CREEK CA 94596
Delano Ladd	officer: Executive VP, GC & Corp. Secy.	15W. SCENIC POINTE DR., SUITE 100, DRAPER UT 84020
Ian Sacks	director	TOWERBROOK CAP., PARK AVENUE TOWER, 65 E 55TH ST., 27TH FLOOR, NEW YORK NY 10022
Tyson D. Murdock	officer: EVP & CFO	2275 S. 2200 E., SALT LAKE CITY UT 84109
Larry L Trittschuh	officer: EVP Chief Security Officer	1051 RUNNYMEDE ROAD, OAKWOOD OH 45419
James M Lucania	officer: EVP & CFO	101 WOLF DRIVE, THOROFARE NJ 08086
Paul Black	director	400 WOOD ROAD, BRAINTREE MA 02184