Dayforce Balance Sheet Health
Financial Health criteria checks 3/6
Dayforce has a total shareholder equity of $2.5B and total debt of $1.2B, which brings its debt-to-equity ratio to 48.9%. Its total assets and total liabilities are $9.0B and $6.6B respectively. Dayforce's EBIT is $109.8M making its interest coverage ratio 2.6. It has cash and short-term investments of $465.4M.
Key information
48.9%
Debt to equity ratio
US$1.21b
Debt
| Interest coverage ratio | 2.6x |
| Cash | US$465.40m |
| Equity | US$2.48b |
| Total liabilities | US$6.57b |
| Total assets | US$9.05b |
Recent financial health updates
We Think Dayforce (NYSE:DAY) Can Stay On Top Of Its Debt
May 21
We Think Dayforce (NYSE:DAY) Can Stay On Top Of Its Debt
Feb 13Does Ceridian HCM Holding (NYSE:CDAY) Have A Healthy Balance Sheet?
Sep 12Does Ceridian HCM Holding (NYSE:CDAY) Have A Healthy Balance Sheet?
Apr 17Recent updates
Estimating 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 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 08Financial Position Analysis
Short Term Liabilities: DAY's short term assets ($5.8B) exceed its short term liabilities ($5.3B).
Long Term Liabilities: DAY's short term assets ($5.8B) exceed its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: DAY's net debt to equity ratio (30.1%) is considered satisfactory.
Reducing Debt: DAY's debt to equity ratio has increased from 38% to 48.9% over the past 5 years.
Debt Coverage: DAY's debt is not well covered by operating cash flow (19.4%).
Interest Coverage: DAY's interest payments on its debt are not well covered by EBIT (2.6x coverage).