Dayforce Inc. (DAY)
Debt-to-equity ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,546,300 | 2,556,000 | 2,475,800 | 2,432,800 | 2,398,200 | 2,266,900 | 2,240,200 | 2,194,200 | 2,109,400 | 2,051,200 | 2,094,300 | 2,140,800 | 2,227,500 | 2,221,800 | 2,199,800 | 2,159,300 | 2,098,200 | 2,036,300 | 1,985,700 | 1,885,600 |
| Debt-to-equity 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 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,546,300K
= 0.00
The debt-to-equity ratio for Dayforce Inc. has consistently remained at 0.00 from March 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 indicates that the company has no debt on its balance sheet relative to its equity. This can suggest that Dayforce Inc. is financing its operations primarily through equity rather than debt, which may indicate financial stability and a lower financial risk profile. However, it is important to note that a very low or zero debt-to-equity ratio may also limit the company's financial flexibility and potential for leveraging debt for growth opportunities. Overall, the stable and low debt-to-equity ratio of 0.00 demonstrates Dayforce Inc.'s conservative financing strategy and strong capital structure with minimal reliance on debt financing.
Peer comparison
Dec 31, 2024