Dayforce Inc. (DAY)

Debt-to-assets ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands
Total assets US$ in thousands 9,117,000 9,010,900 7,917,200 7,166,200 6,701,300
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $9,117,000K
= 0.00

The debt-to-assets ratio of Dayforce Inc. has been consistently zero from December 31, 2020, to December 31, 2024. This indicates that the company does not have any debt obligations in relation to its total assets during these years. A debt-to-assets ratio of zero implies that Dayforce Inc. relies solely on equity financing to support its operations and growth, without taking on any external debt. This financial position suggests a strong financial stability and a lower risk of financial distress associated with debt repayment. It also reflects positively on the company's ability to fund its operations and investments using its own resources, which can enhance investor confidence and financial health.