Dayforce Inc. (DAY)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,546,300 | 2,398,200 | 2,109,400 | 2,227,500 | 2,098,200 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,546,300K)
= 0.00
The debt-to-capital ratio for Dayforce Inc. has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt financing relative to its total capital during this period. A debt-to-capital ratio of 0.00 suggests that Dayforce Inc. has financed its operations primarily through equity rather than debt, which can be viewed positively as it signifies a low financial risk associated with interest payments and potential default. However, it's important to note that while a low debt-to-capital ratio can be favorable, it may also indicate missed opportunities for leveraging debt to potentially enhance returns. Overall, Dayforce Inc.'s consistent 0.00 debt-to-capital ratio reflects a conservative capital structure strategy over the analyzed period.
Peer comparison
Dec 31, 2024