Workday (NAS:WDAY) Effective Interest Rate on Debt %

: 3.51% (As of Apr. 2023)

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Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Workday's annualized positive value of Interest Expense for the quarter that ended in Apr. 2023 was $114 Mil. Workday's average total debt for the quarter that ended in Apr. 2023 was $3,252 Mil. Therefore, Workday's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2023 was 3.51%.

Workday Effective Interest Rate on Debt % Historical Data

The historical data trend for Workday's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Workday Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Effective Interest Rate on Debt %

4.47

4.23

3.61

0.76

3.82

Workday Quarterly Data
	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23
Effective Interest Rate on Debt %																1.73	2.74	3.08	3.51	3.51

Competitive Comparison

For the Software - Application subindustry, Workday's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Annual Data Quarterly Data

Workday Effective Interest Rate on Debt % Distribution

For the Software industry and Technology sector, Workday's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Workday's Effective Interest Rate on Debt % falls in comparison to its industry or sector. The grey bar indicates the Effective Interest Rate on Debt %'s extreme value range as defined by GuruFocus.

Workday Effective Interest Rate on Debt % Calculation

Workday's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jan. 2022 )	+	Total Debt (A: Jan. 2023 ))	/ count )
=	-1 * -102.353	/	( (2102.756	+	3249.076)	/ 2 )
=	-1 * -102.353	/	2675.916
=	3.82 %

where

	Total Debt (A: Jan. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	799.81	+	1302.946
=	2102.756

	Total Debt (A: Jan. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3157.733	+	91.343
=	3249.076

Workday's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jan. 2023 )	+	Total Debt (Q: Apr. 2023 ))	/ count )
=	-1 * -114.184	/	( (3249.076	+	3254.912)	/ 2 )
=	-1 * -114.184	/	3251.994
=	3.51 %

where

	Total Debt (Q: Jan. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3157.733	+	91.343
=	3249.076

	Total Debt (Q: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3159.904	+	95.008
=	3254.912

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Apr. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Workday (NAS:WDAY) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Workday Effective Interest Rate on Debt % Related Terms

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Workday (NAS:WDAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Workday Inc (NAS:WDAY) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

WDAY:Mexico W7D:Germany W1DA34:Brazil

Address

6110 Stoneridge Mall Road, Pleasanton, CA, USA, 94588

Website

https://www.workday.com

Workday is a software company that offers human capital management, or HCM, financial management, and business planning solutions. Known for being a cloud-only software provider, Workday is headquartered in Pleasanton, California. Founded in 2005, Workday now employs over 12,000 employees.

Executives

Frederick Wayne A.i.	director	500 W MAIN ST., LOUISVILLE KY 40202
David A Duffield	10 percent owner	C/O WORKDAY, INC., 6230 STONERIDGE MALL ROAD, PLEASANTON CA 94588
Michael M Mcnamara	director	C/O FLEXTRONICS INTERNATIONAL LTD, 2090 FORTUNE DRIVE, SAN JOSE CA 95131
Thomas F Bogan	director	C/O WORKDAY, INC., 6110 STONERIDGE MALL RD, PLEASANTON CA 94588
Barbara A Larson	officer: Chief Financial Officer	6110 STONERIDGE MALL ROAD, PLEASANTON CA 94588
Douglas A. Robinson	officer: Co-President	6110 STONERIDGE MALL ROAD, PLEASANTON CA 94588
Lynne M Doughtie	director	C/O THE BOEING COMPANY, 100 RIVERSIDE PLAZA, MC 5003-1001, CHICAGO IL 60606-1596
Michael C Bush	director	6110 STONERIDGE MALL ROAD, PLEASANTON CA 94588
Richard Harry Sauer	officer: EVP, General Counsel & Secty	6110 STONERIDGE MALL ROAD, PLEASANTON CA 94588
Ann Marie Campbell	director	2455 PACES FERRY ROAD, ATLANTA GA 30339
Petros Dermetzis	officer: Chief Products Officer	321 LIVORNA HEIGHTS ROAD, ALAMO CA 94507
Carl M. Eschenbach	director	C/O SEQUOIA CAPITAL, 2800 SAND HILL ROAD, SUITE 101, PALO ALTO CA 94025
Gomez Luciano Fernandez	officer: Co-President	1A SHAWFIELD STREET,, RICHARDSON HOUSE, LONDON X0 SW3 4BA
Styslinger Lee J Iii	director	2826 BALMORAL ROAD, BIRMINGHAM AL 35223
Robynne Sisco	officer: Chief Financial Officer	3401 HILLVIEW AVENUE, PALO ALTO CA 94304