Workday (LTS:0M18) Cash-to-Debt

: 2.37 (As of Jan. 2024)

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Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Workday's cash to debt ratio for the quarter that ended in Jan. 2024 was 2.37.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Workday could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

The historical rank and industry rank for Workday's Cash-to-Debt or its related term are showing as below:

LTS:0M18' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.24 Med: 2.04 Max: 3.88
Current: 2.37

During the past 13 years, Workday's highest Cash to Debt Ratio was 3.88. The lowest was 1.24. And the median was 2.04.

LTS:0M18's Cash-to-Debt is ranked worse than
50.47% of 2790 companies
in the Software industry
Industry Median: 2.44 vs LTS:0M18: 2.37

Workday Cash-to-Debt Historical Data

The historical data trend for Workday's Cash-to-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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Workday Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash-to-Debt

1.24

1.58

1.73

1.88

2.37

Workday Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt																1.88	1.94	2.04	2.10	2.37

Competitive Comparison

For the Software - Application subindustry, Workday's Cash-to-Debt, along with its competitors' market caps and Cash-to-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.

Workday Cash-to-Debt Distribution

For the Software industry and Technology sector, Workday's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Workday's Cash-to-Debt falls into.

Workday Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Workday's Cash to Debt Ratio for the fiscal year that ended in Jan. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	7813	/	(89	+	3207)
	=	2.37

Workday's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	7813	/	(89	+	3207)
	=	2.37

Workday (LTS:0M18) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Workday Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Workday's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Workday (LTS:0M18) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Workday Inc (LTS:0M18) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

WDAY:USA WDAY:Mexico 1WDAY:Italy 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.

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