Workday Inc (WDAY)

Debt-to-equity ratio

		Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021
Long-term debt	US$ in thousands	2,984,000	2,980,000	2,976,000	617,354	691,913
Total stockholders’ equity	US$ in thousands	9,034,000	8,082,000	5,585,000	4,535,080	3,277,830
Debt-to-equity ratio		0.33	0.37	0.53	0.14	0.21

January 31, 2025 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,984,000K ÷ $9,034,000K
= 0.33

The debt-to-equity ratio of Workday Inc has been fluctuating over the past five years, ranging from 0.14 to 0.53. In January 2021, the ratio was relatively low at 0.21, indicating a conservative level of debt compared to equity. However, by January 2023, the ratio had significantly increased to 0.53, suggesting a higher reliance on debt financing relative to equity.

Subsequently, the ratio decreased to 0.37 by January 2024, and further dropped to 0.33 by January 2025. These declines may indicate a reduction in debt levels or an increase in equity, potentially signifying a stronger financial position or a shift towards a more balanced capital structure.

Overall, the trend in Workday Inc's debt-to-equity ratio demonstrates variability in the company's capital structure and financial leverage over the analyzed period. It is important for stakeholders to monitor these fluctuations to assess the company's risk exposure and financial stability.