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%. Its total assets and total liabilities are $10.8B and $8.3B respectively. Dayforce's EBIT is $136.7M making its interest coverage ratio 3.4. It has cash and short-term investments of $392.5M.
Key information
50.0%
Debt to equity ratio
US$1.22b
Debt
| Interest coverage ratio | 3.4x |
| Cash | US$392.50m |
| Equity | US$2.43b |
| Total liabilities | US$8.34b |
| Total assets | US$10.78b |
Recent financial health updates
We Think Dayforce (NYSE:DAY) Can Stay On Top Of Its Debt
Feb 13
Does Ceridian HCM Holding (NYSE:CDAY) Have A Healthy Balance Sheet?
Sep 12Does Ceridian HCM Holding (NYSE:CDAY) Have A Healthy Balance Sheet?
Apr 17Is Ceridian HCM Holding (NYSE:CDAY) A Risky Investment?
Oct 20Recent updates
Why 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 17Investors Could Be Concerned With Ceridian HCM Holding's (NYSE:CDAY) Returns On Capital
Mar 05Ceridian HCM GAAP EPS of -$0.03 beats by $0.05, revenue of $336.1M beats by $11.01M
Feb 08Ceridian HCM Non-GAAP EPS of $0.20 beats by $0.08, revenue of $315.6M beats by $10.04M
Nov 02Is Ceridian HCM Holding (NYSE:CDAY) A Risky Investment?
Oct 20Ceridian: Can't Justify Its Valuation
Sep 18Is Ceridian HCM Holding (NYSE:CDAY) Weighed On By Its Debt Load?
Jul 21Ceridian: Slightly More Positive Story, But Not Yet A Buy
Jul 02Ceridian: Dim Prospects, Even After Correction
Apr 19Ceridian HCM Holding (NYSE:CDAY) Is Carrying A Fair Bit Of Debt
Mar 22Financial Position Analysis
Short Term Liabilities: DAY's short term assets ($7.6B) exceed its short term liabilities ($7.0B).
Long Term Liabilities: DAY's short term assets ($7.6B) exceed its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: DAY's net debt to equity ratio (33.9%) is considered satisfactory.
Reducing Debt: DAY's debt to equity ratio has increased from 39.7% to 50% over the past 5 years.
Debt Coverage: DAY's debt is not well covered by operating cash flow (17.9%).
Interest Coverage: DAY's interest payments on its debt are well covered by EBIT (3.4x coverage).