Dayforce Inc. (DAY)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,398,200 | 2,109,400 | 2,227,500 | 2,098,200 | 1,882,300 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,398,200K
= 0.00
The debt-to-equity ratio of Dayforce Inc. has been consistently reported as 0.00 for the past five years from 2019 to 2023. This indicates that the company has not utilized any debt to finance its operations, and has relied solely on equity financing during this period. A debt-to-equity ratio of 0.00 suggests that the company has no financial leverage and is not exposed to the risks associated with debt repayment obligations. This strong equity position signifies a conservative financial structure, where the company's operations are being funded primarily by equity capital, potentially reducing financial risk and enhancing financial stability.
Peer comparison
Dec 31, 2023