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.
Peer comparison
Dec 31, 2023