Dayforce Inc. (DAY)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 9,010,900 | 8,463,500 | 7,166,200 | 6,701,300 | 6,085,700 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $9,010,900K
= 0.00
The debt-to-assets ratio for Dayforce Inc. has consistently been at 0.00 over the past five years, indicating that the company has not utilized debt to finance its operations during this period. This suggests that Dayforce Inc. has been funding its activities primarily through equity or retains earnings, rather than by taking on debt. While a low or zero debt-to-assets ratio can be considered a positive indicator of financial stability and solvency, it may also imply missed opportunities for leveraging debt to potentially enhance returns. In assessing the financial health of Dayforce Inc., it would be important to consider the company's reasons for maintaining a debt-free capital structure and evaluate the long-term implications of this strategy on its growth and profitability.
Peer comparison
Dec 31, 2023