Dayforce Inc. (DAY)

Current ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	5,955,200	5,914,600	5,067,200	7,041,700	5,440,300	5,007,200	6,037,500	7,978,000	4,144,100	5,963,600	3,755,700	4,832,200	4,122,600	3,371,300	3,350,000	4,056,500	3,623,700	3,004,300	4,351,800	4,890,100
Total current liabilities	US$ in thousands	5,334,900	5,411,500	4,604,200	6,591,400	5,079,800	4,675,700	5,699,200	7,628,900	3,741,900	5,554,800	3,374,000	4,420,500	3,863,900	2,741,400	2,744,500	3,752,700	3,371,700	2,743,200	4,093,300	4,683,700
Current ratio		1.12	1.09	1.10	1.07	1.07	1.07	1.06	1.05	1.11	1.07	1.11	1.09	1.07	1.23	1.22	1.08	1.07	1.10	1.06	1.04

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $5,955,200K ÷ $5,334,900K
= 1.12

The current ratio of Dayforce Inc. has shown fluctuations over the past five years, ranging from a low of 1.04 to a high of 1.23. The ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 typically indicates that the company has more current assets than current liabilities, suggesting good short-term financial health.

Based on the data provided, the current ratio has generally remained above 1, indicating that Dayforce Inc. has been able to meet its short-term obligations with its current assets. However, there are variations in the ratio over time, suggesting potential changes in the company's liquidity position. It is important to further analyze the components of current assets and liabilities to fully understand the company's liquidity and financial position.