Workday Inc (WDAY)

Current ratio

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020
Total current assets	US$ in thousands	10,545,000	9,078,000	9,200,000	8,874,000	9,939,000	8,574,160	8,381,690	7,873,090	8,108,000	6,970,280	7,804,660	7,443,230	5,214,060	4,693,710	4,461,110	3,905,800	4,802,060	3,958,240	3,714,180	3,450,370
Total current liabilities	US$ in thousands	5,548,000	4,422,000	4,513,000	4,428,000	5,055,000	4,029,390	4,181,960	4,044,090	4,628,000	3,723,400	4,857,860	4,781,390	5,067,860	4,275,050	4,274,100	4,210,760	4,282,650	3,625,200	2,553,120	2,770,960
Current ratio		1.90	2.05	2.04	2.00	1.97	2.13	2.00	1.95	1.75	1.87	1.61	1.56	1.03	1.10	1.04	0.93	1.12	1.09	1.45	1.25

January 31, 2025 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $10,545,000K ÷ $5,548,000K
= 1.90

The current ratio of Workday Inc has shown fluctuations over the past few years. It increased steadily from April 2020 to July 2022, indicating the company's ability to meet its short-term obligations with its current assets. There was a significant drop in the current ratio from July 2022 to April 2023, which might have raised concerns regarding the company's short-term liquidity position.

However, from April 2023 onwards, the current ratio has been consistently increasing, surpassing 2.0 by October 2024. This upward trend suggests that Workday Inc has improved its liquidity position and can comfortably cover its short-term liabilities with its current assets.

Overall, the current ratio of Workday Inc has shown variability in the past, but the recent trend indicates a strengthened liquidity position, providing a favorable outlook for the company's ability to meet its short-term financial obligations.