A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Workday's Debt-to-Equity or its related term are showing as below:
WDAY'
s Debt-to-Equity Range Over the Past 10 Years
Min: -0.09 Med: 0.53 Max: 0.96
Current: 0.55
During the past 13 years, the highest Debt-to-Equity Ratio of Workday was 0.96. The lowest was -0.09. And the median was 0.53.
WDAY's Debt-to-Equity is ranked worse than 73.48% of 2089
companies
in the Software industry
Industry Median: 0.22
vs WDAY: 0.55
Workday Debt-to-Equity Historical Data
The historical data trend for Workday's Debt-to-Equity 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
Debt-to-Equity
0.62
0.63
0.68
0.46
0.58
Workday Quarterly Data
Jul18
Oct18
Jan19
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Jul22
Oct22
Jan23
Apr23
Debt-to-Equity
0.92
0.86
0.60
0.58
0.55
Competitive Comparison
For the Software - Application subindustry, Workday's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution
For the Software industry and Technology sector, Workday's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Workday's Debt-to-Equity falls in comparison to its industry or sector. The grey bar indicates the Debt-to-Equity's extreme value range as defined by GuruFocus.
Workday Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
Workday's Debt to Equity Ratio for the fiscal year that ended in Jan. 2023 is calculated as
* 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.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Workday Debt-to-Equity Related Terms
Thank you for viewing the detailed overview of Workday's Debt-to-Equity 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.
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