Dayforce Balance Sheet Health
Financial Health criteria checks 4/6
Dayforce has a total shareholder equity of $2.6B and total debt of $1.2B, which brings its debt-to-equity ratio to 47.4%. Its total assets and total liabilities are $8.1B and $5.6B respectively. Dayforce's EBIT is $106.2M making its interest coverage ratio 2.5. It has cash and short-term investments of $494.1M.
Key information
47.4%
Debt to equity ratio
US$1.21b
Debt
| Interest coverage ratio | 2.5x |
| Cash | US$494.10m |
| Equity | US$2.56b |
| Total liabilities | US$5.56b |
| Total assets | US$8.12b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CQL's short term assets ($4.9B) exceed its short term liabilities ($4.3B).
Long Term Liabilities: CQL's short term assets ($4.9B) exceed its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: CQL's net debt to equity ratio (28%) is considered satisfactory.
Reducing Debt: CQL's debt to equity ratio has increased from 35.9% to 47.4% over the past 5 years.
Debt Coverage: CQL's debt is well covered by operating cash flow (24%).
Interest Coverage: CQL's interest payments on its debt are not well covered by EBIT (2.5x coverage).