Workday Inc (WDAY)

Debt-to-equity 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-equity ratio		0.33	0.35	0.36	0.37	0.37	0.45	0.47	0.50	0.53	0.55	0.58	0.62	0.14	0.15	0.17	0.20	0.21	0.23	0.62	0.58

January 31, 2025 calculation

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

Workday Inc's debt-to-equity ratio has been declining over the past few years, indicating a decreasing reliance on debt financing compared to equity. From 0.58 in April 2020, the ratio decreased steadily to 0.33 by January 2025. This downward trend suggests that Workday Inc has been gradually reducing its debt levels relative to its equity, which can be a positive sign for investors concerned about the company's financial leverage. However, the ratio did show some fluctuations, such as a temporary increase in mid-2022 before resuming its downward trajectory. Overall, the decreasing debt-to-equity ratio indicates a strengthening financial position and potentially lower financial risk for Workday Inc.