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 Apr. 2023 was 1.94.
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 Apr. 2023.
The historical rank and industry rank for Workday's Cash-to-Debt or its related term are showing as below:
WDAY'
s Cash-to-Debt Range Over the Past 10 Years
Min: 1.24 Med: 2.61 Max: 37.76
Current: 1.94
During the past 13 years, Workday's highest Cash to Debt Ratio was 37.76. The lowest was 1.24. And the median was 2.61.
WDAY's Cash-to-Debt is ranked worse than 55.6% of 2761
companies
in the Software industry
Industry Median: 2.75
vs WDAY: 1.94
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.
* Premium members only.
Workday Annual Data
Trend
Jan14
Jan15
Jan16
Jan17
Jan18
Jan19
Jan20
Jan21
Jan22
Jan23
Cash-to-Debt
1.48
1.24
1.58
1.73
1.88
Workday Quarterly Data
Jul18
Oct18
Jan19
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Jul22
Oct22
Jan23
Apr23
Cash-to-Debt
1.43
1.42
1.68
1.88
1.94
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 in comparison to its industry or sector. The grey bar indicates the Cash-to-Debt's extreme value range as defined by GuruFocus.
* 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.
Workday (NAS:WDAY) 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 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.
Create New Portfolio
Portfolio Contest
Personalize
Premium Gurus 
1.05(0.52%) Volume: 2,512,668 4:00PM EDT
Email Alerts
Stock PDF
RSS
Website
Filings
Download
Manual of Stocks™ Web APP
WDAY has been successfully added to your 
