Dayforce Inc. (DAY)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,546,300K
= 0.00
Based on the data provided for Dayforce Inc., the debt-to-equity ratio has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0 indicates that the company has no debt in its capital structure relative to its equity. This suggests that Dayforce Inc. is primarily funded by equity rather than debt, indicating a lower financial risk and less reliance on external borrowing. However, it's important to note that a debt-to-equity ratio of 0 may also imply missed opportunities for leveraging debt for potential growth or tax advantages. Overall, the stable 0.00 debt-to-equity ratio over the years signifies a conservative financial approach by Dayforce Inc., prioritizing a strong equity base in its capital structure.
Peer comparison
Dec 31, 2024