Company name:

HealthEquity Inc

  • IPO SHARE PRICE:
    $14.00
  • IPO DATE:
    31 July 2014
  • TICKER:
    HQY
  • MAIN STOCK EXCHANGE:
    NASDAQ
  • CURRENT HQ LOCATION:
    15 West Scenic Pointe Drive Suite 100 Draper Utah 84020
  • FISCAL YEAR END:
    January 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

HealthEquity Inc

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Balance Sheet

Quarterly Annual
(USD in thousand)
12.1%
Selected Year:
31-Jan
2021
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
17.0%
12.1% —

Cash and cash equivalents

2.7% —

Accounts Receivable

2.2% —

Other short-term assets

Liquidity
Selected Year:
The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
Cash and cash equivalents
$45,679
$45,679
$45,679
$45,679
 $199,472 $361,475 $191,726 $328,803
Short-term passive investments
-
$45,679
$45,679
$45,679
 40,797 - - -
Total cash cash equivalents and marketable securities
-
$45,679
$45,679
$45,679
 240,269 - - -
Accounts Receivable
$45,679
$45,679
$45,679
$45,679
 21,602 25,668 70,863 72,767
Inventory
$45,679
$45,679
$45,679
$45,679
 - - - -
Deferred tax assets
$45,679
$45,679
$45,679
-
 - - - -
Prepaid expenses
$45,679
-
-
-
 - - - -
Other short-term assets
-
$45,679
$45,679
$45,679
 3,525 7,534 34,711 58,607
Total current assets
$45,679
$45,679
$45,679
$45,679
 $265,396 $394,677 $297,300 $460,177
3.3% 28.3% 49.0%
Selected Year:
31-Jan
2021
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
83.0%
49.0% —

Goodwill

28.3% —

Intangible assets

3.3% —

Operating lease - right-of-use assets

1.4% —

Other assets non-current

1.1% —

Property and equipment net
Selected Year:
Property and equipment net
45,679
45,679
45,679
45,679
 7,836 8,223 33,486 29,106
Operating lease - right-of-use assets
-
-
-
-
 - - 83,178 89,508
Deferred tax assets
-
-
45,679
45,679
 5,461 1,677 18 -
Intangible assets
45,679
45,679
45,679
45,679
 83,635 79,666 783,279 767,003
Goodwill
45,679
45,679
45,679
45,679
 4,651 4,651 1,332,631 1,327,193
Other investments
45,679
-
-
-
 - - - -
Other assets non-current
-
-
-
-
 - - 35,089 37,420
Other non-current assets
-
45,679
45,679
45,679
 2,180 21,122 35,089 -
Total non-current assets
45,679
45,679
45,679
45,679
 103,763 115,339 2,267,681 2,250,230
Total assets
45,679
45,679
45,679
45,679
 $369,159 $510,016 $2,564,981 $2,710,407
4.4% 34.1% 8.1% 42.7%
Selected Year:
31-Jan
2021
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
7.6%
2.8% —

Accrued liabilities

2.3% —

Current maturities of long-term debt

1.9% —

Accrued employee compensation

0.5% —

Current portion of Operating leases

0.1% —

Accounts payable
Selected Year:
Accounts payable
$45,679
$45,679
$45,679
$45,679
 $2,420 $3,520 $3,980 $1,614
Accrued employee compensation
$45,679
$45,679
$45,679
$45,679
 12,549 16,981 50,121 50,670
Accrued liabilities
$45,679
$45,679
$45,679
$45,679
 5,521 8,552 46,372 75,880
Current maturities of long-term debt
-
-
-
-
 - - 39,063 62,500
Current portion of Operating leases
-
-
-
-
 - - 12,401 14,037
Total current liabilities
$45,679
$45,679
$45,679
$45,679
 $20,490 $29,053 $151,937 $204,701
Selected Year:
31-Jan
2021
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
41.6%
34.1% —

Long-term debt

4.4% —

Deferred tax liability

2.7% —

Operating leases

0.3% —

Other non-current liabilities
Selected Year:
Deferred tax liability
$45,679
$45,679
$45,679
$45,679
 - 916 130,492 119,729
Deferred rent
$45,679
$45,679
-
-
 - - - -
Series D-3 redeemable convertible preferred stock derivative liability
$45,679
-
-
-
 - - - -
Long-term debt
-
-
-
-
 - - 1,181,615 924,217
Operating leases
-
-
-
-
 - - 68,017 74,224
Other non-current liabilities
-
-
$45,679
$45,679
 2,395 2,968 2,625 8,808
Total long-term liabilities
$45,679
$45,679
$45,679
$45,679
 $2,395 $3,884 $1,382,749 $1,126,978
Total Liabilities
$45,679
$45,679
$45,679
$45,679
 $22,885 $32,937 $1,534,686 $1,331,679
Selected Year:
31-Jan
2021
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
50.9%
42.7% —

Additional paid-in capital

8.1% —

Retained earnings

0.0% —

Common stock
Selected Year:
Redeemable convertible preferred stock
$45,679
-
-
-
 - - - -
Convertible preferred stock
$45,679
-
-
-
 - - - -
Preferred Stock
$45,679
$45,679
$45,679
$45,679
 - - - -
Common stock warrants
$45,679
-
-
-
 - - - -
Common stock
$45,679
$45,679
$45,679
$45,679
 6 6 7 8
Retained earnings
-
$45,679
$45,679
$45,679
 85,300 171,850 211,514 220,348
Accumulated deficit
$45,679
-
-
-
 - - - -
Additional paid-in capital
$45,679
$45,679
$45,679
$45,679
 261,237 305,223 818,774 1,158,372
Accumulated other comprehensive loss
-
$45,679
$45,679
$45,679
 (269) - - -
Total Equity
$45,679
$45,679
$45,679
$45,679
 $346,274 $477,079 $1,030,295 $1,378,728
Total Liabilities and Equity
$45,679
$45,679
$45,679
$45,679
 $369,159 $510,016 $2,564,981 $2,710,407