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
Does Dayforce (NYSE:DAY) Have A Healthy Balance Sheet?
Sep 16
We Think Dayforce (NYSE:DAY) Can Stay On Top Of Its Debt
May 21We Think Dayforce (NYSE:DAY) Can Stay On Top Of Its Debt
Feb 13Does Ceridian HCM Holding (NYSE:CDAY) Have A Healthy Balance Sheet?
Sep 12Recent updates
Dayforce Inc. (NYSE:DAY) Stocks Shoot Up 33% But Its P/S Still Looks Reasonable
Nov 07Dayforce: Improved Outlook On Accelerating Trends (Rating Upgrade)
Nov 03Dayforce (NYSE:DAY) Has Some Way To Go To Become A Multi-Bagger
Oct 31When Should You Buy Dayforce Inc. (NYSE:DAY)?
Oct 01Does Dayforce (NYSE:DAY) Have A Healthy Balance Sheet?
Sep 16Estimating The Intrinsic Value Of Dayforce Inc. (NYSE:DAY)
Sep 01Dayforce: Decent Performance, But Now This Company Is Fully Valued (Rating Downgrade)
Aug 28Investors Appear Satisfied With Dayforce Inc.'s (NYSE:DAY) Prospects
Aug 16There's Been No Shortage Of Growth Recently For Dayforce's (NYSE:DAY) Returns On Capital
Jul 31Dayforce: After Rebrand, A Balanced Bull And Bear Case (Rating Upgrade)
Jun 15What Does Dayforce Inc.'s (NYSE:DAY) Share Price Indicate?
Jun 05We Think Dayforce (NYSE:DAY) Can Stay On Top Of Its Debt
May 21Why Investors Shouldn't Be Surprised By Dayforce Inc.'s (NYSE:DAY) P/S
Apr 30There's Been No Shortage Of Growth Recently For Dayforce's (NYSE:DAY) Returns On Capital
Mar 30A Look At The Intrinsic Value Of Dayforce Inc. (NYSE:DAY)
Feb 29We Think Dayforce (NYSE:DAY) Can Stay On Top Of Its Debt
Feb 13Ceridian HCM: A Rebound Story For Growth Investors
Jan 27Ceridian HCM Holding Inc. (NYSE:CDAY) Shares Could Be 29% Below Their Intrinsic Value Estimate
Nov 06Ceridian HCM Holding: Maintaining Its Strong Growth Momentum
Oct 25There's Been No Shortage Of Growth Recently For Ceridian HCM Holding's (NYSE:CDAY) Returns On Capital
Oct 02Ceridian HCM Ups Guidance As Large Deals Beckon
Sep 26Does Ceridian HCM Holding (NYSE:CDAY) Have A Healthy Balance Sheet?
Sep 12Is Now An Opportune Moment To Examine Ceridian HCM Holding Inc. (NYSE:CDAY)?
Aug 18Estimating The Fair Value Of Ceridian HCM Holding Inc. (NYSE:CDAY)
Aug 04Ceridian: Recurring Revenue Growth To Drive Margin Expansion
Jul 05Returns At Ceridian HCM Holding (NYSE:CDAY) Appear To Be Weighed Down
Jul 04Ceridian HCM Holding Inc. (NYSE:CDAY) Not Lagging Industry On Growth Or Pricing
Jun 16Does Ceridian HCM Holding (NYSE:CDAY) Have A Healthy Balance Sheet?
Apr 17Financial Position Analysis
Short Term Liabilities: DAY's short term assets ($4.9B) exceed its short term liabilities ($4.3B).
Long Term Liabilities: DAY's short term assets ($4.9B) exceed its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: DAY's net debt to equity ratio (28%) is considered satisfactory.
Reducing Debt: DAY's debt to equity ratio has increased from 35.9% to 47.4% over the past 5 years.
Debt Coverage: DAY's debt is well covered by operating cash flow (24%).
Interest Coverage: DAY's interest payments on its debt are not well covered by EBIT (2.5x coverage).