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
These 4 Measures Indicate That Dayforce (NYSE:DAY) Is Using Debt Extensively
Dec 17
Does Dayforce (NYSE:DAY) Have A Healthy Balance Sheet?
Sep 16We 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 13Recent updates
What Is Dayforce Inc.'s (NYSE:DAY) Share Price Doing?
Dec 31These 4 Measures Indicate That Dayforce (NYSE:DAY) Is Using Debt Extensively
Dec 17With EPS Growth And More, Dayforce (NYSE:DAY) Makes An Interesting Case
Dec 04Dayforce 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: Maintaining Its Strong Growth Momentum
Oct 25Ceridian HCM Ups Guidance As Large Deals Beckon
Sep 26Ceridian: Recurring Revenue Growth To Drive Margin Expansion
Jul 05Financial 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).
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/06 21:48 |
| End of Day Share Price | 2025/01/03 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Dayforce Inc. is covered by 35 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark Marcon | Baird |
| Raimo Lenschow | Barclays |
| Keith Bachman | BMO Capital Markets Equity Research |