Dayforce Inc. (DAY)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 579,700 | 494,100 | 466,200 | 392,500 | 570,300 | 510,300 | 486,600 | 428,600 | 431,900 | 408,400 | 371,200 | 354,800 | 367,500 | 378,800 | 335,200 | 339,600 | 188,200 | 554,600 | 526,900 | 255,300 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 3,649,500 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 290,600 | 4,277,900 | 5,280,300 | 7,049,000 | 5,334,900 | 5,411,500 | 4,604,200 | 6,591,400 | 4,533,500 | 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 |
| Quick ratio | 1.99 | 0.12 | 0.09 | 0.06 | 0.11 | 0.09 | 0.11 | 0.07 | 0.10 | 0.09 | 0.07 | 0.05 | 0.10 | 0.07 | 0.10 | 0.08 | 0.05 | 0.20 | 0.19 | 1.04 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($579,700K
+ $—K
+ $—K)
÷ $290,600K
= 1.99
The quick ratio of Dayforce Inc. indicates the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio of 1 or higher is generally considered healthy as it suggests the company has enough liquid assets to cover its current liabilities.
Based on the provided data, Dayforce Inc.'s quick ratio has fluctuated over time. The ratio was above 1 as of December 31, 2024, indicating a strong ability to cover short-term liabilities with liquid assets. However, the ratio experienced significant fluctuations in the preceding periods, dropping to as low as 0.05 on December 31, 2020.
Overall, the quick ratio trend for Dayforce Inc. displays periods of weakness and strength in its short-term liquidity position. Investors and stakeholders may want to closely monitor this ratio to assess the company's ability to meet its immediate financial obligations.
Peer comparison
Dec 31, 2024