Workday Inc (WDAY)

Debt-to-assets 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
Long-term debt	US$ in thousands	2,984,000	2,983,000	2,982,000	2,981,000	2,980,000	2,978,800	2,977,840	2,976,890	2,976,000	2,974,980	2,974,020	2,973,070	617,354	635,994	654,633	673,273	691,913	701,178	1,752,000	1,508,780
Total assets	US$ in thousands	17,977,000	16,424,000	16,234,000	15,941,000	16,452,000	13,925,900	13,735,300	13,252,800	13,486,000	12,389,800	13,249,600	12,799,100	10,498,500	9,440,880	9,113,840	8,624,010	8,718,410	7,845,030	7,501,450	7,227,500
Debt-to-assets ratio		0.17	0.18	0.18	0.19	0.18	0.21	0.22	0.22	0.22	0.24	0.22	0.23	0.06	0.07	0.07	0.08	0.08	0.09	0.23	0.21

January 31, 2025 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,984,000K ÷ $17,977,000K
= 0.17

The debt-to-assets ratio of Workday Inc has been showing a decreasing trend over the past few years, starting at 0.21 in April 2020 and declining to 0.17 by January 2025. This decreasing trend indicates that the company has been effectively managing its debt levels in relation to its total assets. A lower debt-to-assets ratio suggests that the company relies less on debt financing and has a healthier balance sheet in terms of financial risk. Workday Inc's consistent reduction in the debt-to-assets ratio over time may indicate a strengthening financial position and improved ability to meet its financial obligations. However, there was a slight increase in the ratio in the most recent periods (April 2022 to October 2024), suggesting a potential change in the company's debt management strategy that may warrant further investigation and monitoring. Overall, the decreasing trend in the debt-to-assets ratio for Workday Inc showcases the company's prudent approach to managing its debt levels relative to its total assets.