Dayforce Inc. (DAY)

Debt-to-assets 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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	659,300	660,700	662,100
Total assets	US$ in thousands	9,010,900	8,943,200	8,118,800	10,061,500	8,463,500	8,006,400	9,082,300	11,059,500	7,166,200	9,001,500	6,807,000	7,798,800	6,701,300	5,918,000	5,853,900	6,470,100	6,085,700	5,436,200	6,729,300	7,259,100
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.12	0.10	0.09

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. remained consistently low at 0.00% throughout the year 2023, indicating that the company did not have any debt relative to its total assets during that period. However, looking back at the data from previous years, there has been a slight increase in the debt-to-assets ratio compared to prior years, with ratios of 0.12% at the end of 2019, 0.10% at the end of 2020, and 0.09% at the end of 2021. This trend suggests that Dayforce Inc. has gradually taken on more debt relative to its total assets over the past few years. Overall, the consistent 0.00% debt-to-assets ratio in 2023 may signify a strategic decision by the company to maintain a debt-free financial structure during that period.