Workday Inc (WDAY)
Current ratio
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 10,545,000 | 9,939,000 | 8,108,000 | 5,214,060 | 4,802,060 |
| Total current liabilities | US$ in thousands | 5,548,000 | 5,055,000 | 4,628,000 | 5,067,860 | 4,282,650 |
| Current ratio | 1.90 | 1.97 | 1.75 | 1.03 | 1.12 |
January 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $10,545,000K ÷ $5,548,000K
= 1.90
Workday Inc's current ratio has fluctuated over the past five years. In January 2021, the current ratio was 1.12, indicating that the company's current assets were slightly higher than its current liabilities. However, by January 2022, the current ratio had decreased to 1.03, suggesting a potential liquidity concern as current liabilities were almost equal to current assets.
There was a significant improvement in the current ratio in January 2023, where it rose to 1.75, reflecting a healthier liquidity position with current assets now being 1.75 times the current liabilities. This positive trend continued into January 2024 and 2025, with current ratios of 1.97 and 1.90, respectively. These ratios indicate that Workday Inc has maintained a strong ability to meet its short-term obligations with its current assets and demonstrates improved liquidity over the years.
Overall, the current ratio for Workday Inc has shown variability, but the recent upward trend suggests an improved liquidity position and a better ability to cover short-term liabilities.
Peer comparison
Jan 31, 2025