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 49.7%. Its total assets and total liabilities are $10.8B and $8.3B respectively. Dayforce's EBIT is $133.2M making its interest coverage ratio 3.3. It has cash and short-term investments of $392.5M.
Key information
49.7%
Debt to equity ratio
US$1.21b
Debt
Interest coverage ratio | 3.3x |
Cash | US$392.50m |
Equity | US$2.43b |
Total liabilities | US$8.34b |
Total assets | US$10.78b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CQL's short term assets ($7.6B) exceed its short term liabilities ($7.0B).
Long Term Liabilities: CQL's short term assets ($7.6B) exceed its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: CQL's net debt to equity ratio (33.6%) is considered satisfactory.
Reducing Debt: CQL's debt to equity ratio has increased from 39.7% to 49.7% over the past 5 years.
Debt Coverage: CQL's debt is not well covered by operating cash flow (18%).
Interest Coverage: CQL's interest payments on its debt are well covered by EBIT (3.3x coverage).