Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
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- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Geographic Areas
- Capital Asset Pricing Model (CAPM)
- Return on Equity (ROE) since 2013
- Current Ratio since 2013
- Price to Book Value (P/BV) since 2013
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Workday Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity
Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31).
The composition of liabilities and stockholders’ equity exhibited several notable shifts between 2021 and 2026. Overall, the proportion of total liabilities fluctuated, while stockholders’ equity demonstrated a more complex pattern. A significant trend involves the increasing proportion of treasury stock, particularly in the later years of the period.
- Current Liabilities
- Current liabilities, representing the largest portion of total liabilities, decreased as a percentage of the total from 49.12% in 2021 to a low of 30.73% in 2023. This proportion then increased to 35.29% in 2026. Within current liabilities, unearned revenue consistently represented the largest component, decreasing from 29.32% in 2021 to 24.66% in 2024, before rising to 27.72% in 2026. Accrued compensation also showed an increasing trend, moving from 3.27% to 3.55% over the period. Accounts payable experienced volatility, peaking at 1.14% in 2023 but returning to 0.79% in 2026.
- Noncurrent Liabilities
- Noncurrent liabilities showed a marked increase between 2021 and 2023, rising from 8.53% to 24.27%. While decreasing to 21.53% in 2026, they remained substantially higher than their 2021 level. Debt, noncurrent, was the primary driver of this increase, growing from 5.88% to 22.07% between 2021 and 2023, and settling at 16.53% in 2026. Operating lease liabilities, noncurrent, also contributed to the increase, nearly doubling from 1.74% to 3.90% between 2021 and 2026.
- Stockholders’ Equity
- Stockholders’ equity initially increased from 37.60% in 2021 to 43.20% in 2022, then decreased to 41.42% in 2023, before rising to 50.25% in 2024. By 2026, it had fallen back to 43.18%. A significant factor influencing this trend was the increasing proportion of treasury stock, which moved from -0.14% in 2021 to -23.35% in 2026. This increase was offset by growth in additional paid-in capital, which rose from 71.74% to 70.12% over the period. Accumulated deficit decreased substantially, moving from -33.38% in 2021 to -2.83% in 2026, indicating improved profitability and retained earnings. Accumulated other comprehensive income (loss) fluctuated, ending at -0.75% in 2026.
- Total Liabilities
- Total liabilities as a percentage of the total decreased from 62.40% in 2021 to 50.88% in 2024, then increased to 56.82% in 2026. This movement reflects the combined trends in current and noncurrent liabilities. The relative balance between liabilities and stockholders’ equity shifted, with stockholders’ equity gaining prominence in 2024 before partially reverting in 2026.
In summary, the liability structure experienced considerable change, with notable increases in noncurrent debt and operating lease obligations. Simultaneously, the company actively repurchased shares, as evidenced by the growing proportion of treasury stock, while reducing its accumulated deficit. These trends suggest a dynamic financial strategy involving debt management, capital allocation, and improved profitability.