Workday Inc (WDAY)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	9,034,000	8,624,000	8,345,000	8,163,000	8,082,000	6,625,000	6,274,000	5,942,000	5,585,000	5,409,110	5,127,810	4,780,810	4,535,080	4,215,820	3,867,990	3,405,440	3,277,830	3,078,050	2,838,480	2,602,000
Debt-to-capital ratio		0.25	0.26	0.26	0.27	0.27	0.31	0.32	0.33	0.35	0.35	0.37	0.38	0.12	0.13	0.14	0.17	0.17	0.19	0.38	0.37

January 31, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,984,000K ÷ ($2,984,000K + $9,034,000K)
= 0.25

Workday Inc's debt-to-capital ratio has shown a decreasing trend over the past few years, indicating improved financial health and lower leverage. The ratio was 0.37 as of April 30, 2020, and gradually decreased to 0.25 as of January 31, 2025.

This decreasing trend suggests that Workday Inc has been reducing its reliance on debt to finance its operations relative to its capital structure. A lower debt-to-capital ratio typically indicates less financial risk and greater stability for the company.

Overall, the decreasing debt-to-capital ratio for Workday Inc reflects positively on its financial strength and ability to manage its debt levels effectively over the analyzed period.