Dayforce Balance Sheet Health
Financial Health criteria checks 4/6
Dayforce has a total shareholder equity of $2.4B and total debt of $1.2B, which brings its debt-to-equity ratio to 50.5%. Its total assets and total liabilities are $9.0B and $6.6B respectively. Dayforce's EBIT is $134.4M making its interest coverage ratio 3.7. It has cash and short-term investments of $570.3M.
Key information
50.5%
Debt to equity ratio
US$1.21b
Debt
Interest coverage ratio | 3.7x |
Cash | US$570.30m |
Equity | US$2.40b |
Total liabilities | US$6.61b |
Total assets | US$9.01b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DAY's short term assets ($6.0B) exceed its short term liabilities ($5.3B).
Long Term Liabilities: DAY's short term assets ($6.0B) exceed its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: DAY's net debt to equity ratio (26.7%) is considered satisfactory.
Reducing Debt: DAY's debt to equity ratio has increased from 41.5% to 50.5% over the past 5 years.
Debt Coverage: DAY's debt is not well covered by operating cash flow (18.1%).
Interest Coverage: DAY's interest payments on its debt are well covered by EBIT (3.7x coverage).