Current Ratio
since 2013
Calculation
Workday Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Jan 31, 2025 | 1.90 | = | 10,545) | ÷ | 5,548) |
| Jan 31, 2024 | 1.97 | = | 9,939) | ÷ | 5,055) |
| Jan 31, 2023 | 1.75 | = | 8,108) | ÷ | 4,628) |
| Jan 31, 2022 | 1.03 | = | 5,214) | ÷ | 5,068) |
| Jan 31, 2021 | 1.12 | = | 4,802) | ÷ | 4,283) |
| Jan 31, 2020 | 1.04 | = | 3,095) | ÷ | 2,969) |
| Jan 31, 2019 | 1.11 | = | 2,701) | ÷ | 2,431) |
| Jan 31, 2018 | 1.92 | = | 3,957) | ÷ | 2,059) |
| Jan 31, 2017 | 1.93 | = | 2,497) | ÷ | 1,296) |
| Jan 31, 2016 | 2.56 | = | 2,362) | ÷ | 923) |
| Jan 31, 2015 | 3.29 | = | 2,109) | ÷ | 641) |
| Jan 31, 2014 | 4.80 | = | 2,024) | ÷ | 422) |
| Jan 31, 2013 | 3.47 | = | 884) | ÷ | 255) |
Based on: 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), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31).
1 US$ in millions
- Current Assets
- The current assets demonstrated a general upward trend over the analyzed period, beginning at 884 million US dollars in early 2013 and reaching 10,545 million US dollars by early 2025. Notably, there was a substantial increase between 2016 and 2018, where current assets jumped from 2,497 million to 3,957 million, followed by some fluctuations but maintaining strong growth overall, especially post-2020 with values surpassing 5,000 million and peaking at over 10,000 million towards the end of the period.
- Current Liabilities
- Current liabilities also showed a rising trend, growing from 255 million US dollars in early 2013 to 5,548 million US dollars by early 2025. The increase was relatively steady, with a marked acceleration after 2014. The liabilities peaked in 2022 at 5,068 million but then showed minor declines and subsequent increases, ending at the highest observed value in 2025. This indicates increasing obligations alongside growth in assets.
- Current Ratio
- The current ratio, which measures liquidity by comparing current assets to current liabilities, exhibited volatility throughout the period. It started strong at 3.47 in 2013, increased to a peak of 4.8 in 2014, then progressively declined to a low around 1.03 in 2022. This decline suggests that liabilities grew faster than assets during the middle of the period, reducing liquidity. However, there was a recovery after 2022, with the current ratio rising again to levels close to 1.9 by the beginning of 2025, indicating some strengthening of the liquidity position in the most recent years.
- Overall Analysis
- The data indicates significant growth in both current assets and current liabilities over the 12-year span, with assets growing more substantially in absolute terms. The pattern of the current ratio reflects challenges in maintaining liquidity during periods of rapid expansion in liabilities, especially from 2015 to 2022. The recent improvement in the current ratio suggests that the company has taken measures to improve its short-term financial stability. Careful monitoring of the balance between liquid assets and short-term obligations remains important given the elevated levels of both.
Comparison to Competitors
Workday Inc., current ratio, long-term trends, comparison to competitors
| Workday Inc. | Accenture PLC | Adobe Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Fair Isaac Corp. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 31, 2025 | 1.90 | — | — | — | 1.77 | — | — | — | — | 0.75 | — | — | 1.06 | — | — |
| Jan 31, 2024 | 1.97 | 1.10 | 1.07 | 2.93 | 1.76 | 1.62 | 1.04 | 1.29 | 1.27 | 0.72 | 5.96 | 0.89 | 1.09 | 1.10 | 2.44 |
| Jan 31, 2023 | 1.75 | 1.30 | 1.34 | 1.24 | 1.73 | 1.51 | 0.96 | 1.47 | 1.77 | 0.91 | 5.55 | 0.78 | 1.02 | 1.06 | 1.15 |
| Jan 31, 2022 | 1.03 | 1.23 | 1.11 | 1.27 | 1.83 | 1.46 | 0.92 | 1.39 | 1.78 | 1.62 | 5.17 | 0.77 | 1.05 | 1.11 | 1.09 |
| Jan 31, 2021 | 1.12 | 1.25 | 1.25 | 1.77 | 2.65 | 0.99 | 0.88 | 1.94 | 2.08 | 2.30 | 4.34 | 0.91 | 1.23 | 1.05 | 1.16 |
| Jan 31, 2020 | 1.04 | 1.40 | 1.48 | 1.86 | 2.38 | 1.29 | 0.98 | 2.26 | 2.52 | 3.03 | 3.74 | 1.91 | 1.08 | 1.21 | 1.19 |
| Jan 31, 2019 | 1.11 | 1.40 | 0.79 | 1.74 | — | 0.93 | 1.02 | 1.83 | 2.53 | 2.49 | — | 1.78 | 0.95 | 1.03 | 0.99 |
| Jan 31, 2018 | 1.92 | 1.34 | 1.13 | 1.34 | — | 0.80 | 1.29 | 1.14 | 2.90 | 3.96 | — | 1.93 | 0.92 | 1.17 | 0.73 |
| Jan 31, 2017 | 1.93 | 1.23 | 2.05 | 1.53 | — | 0.95 | 1.33 | 0.73 | 2.48 | 3.08 | — | 1.65 | 0.83 | 1.15 | 1.04 |
| Jan 31, 2016 | 2.56 | 1.35 | 2.08 | 1.20 | — | 1.09 | 1.21 | 0.72 | 2.35 | 3.74 | — | 2.03 | 0.77 | 1.25 | 1.00 |
| Jan 31, 2015 | 3.29 | 1.36 | 2.18 | 1.80 | — | 1.18 | 1.24 | 1.47 | 2.50 | 4.13 | — | 1.04 | 0.81 | 1.48 | 0.99 |
| Jan 31, 2014 | 4.80 | 1.46 | 1.85 | 1.33 | — | 0.85 | 1.25 | 1.84 | 2.50 | 3.35 | — | 2.75 | 0.67 | 1.79 | 1.09 |
| Jan 31, 2013 | 3.47 | 1.45 | 2.65 | 1.06 | — | 1.50 | 1.28 | 1.87 | 2.71 | 3.24 | — | 2.57 | 0.69 | 2.43 | 1.18 |
Based on: 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), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31).
Comparison to Sector (Software & Services)
Workday Inc., current ratio, long-term trends, comparison to sector (software & services)
| Workday Inc. | Software & Services | |
|---|---|---|
| Jan 31, 2025 | 1.90 | — |
| Jan 31, 2024 | 1.97 | 1.19 |
| Jan 31, 2023 | 1.75 | 1.39 |
| Jan 31, 2022 | 1.03 | 1.43 |
| Jan 31, 2021 | 1.12 | 1.67 |
| Jan 31, 2020 | 1.04 | 1.91 |
| Jan 31, 2019 | 1.11 | 1.84 |
| Jan 31, 2018 | 1.92 | 2.22 |
| Jan 31, 2017 | 1.93 | 2.06 |
| Jan 31, 2016 | 2.56 | 2.03 |
| Jan 31, 2015 | 3.29 | 2.15 |
| Jan 31, 2014 | 4.80 | 2.01 |
| Jan 31, 2013 | 3.47 | 2.04 |
Based on: 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), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31).
Comparison to Industry (Information Technology)
Workday Inc., current ratio, long-term trends, comparison to industry (information technology)
| Workday Inc. | Information Technology | |
|---|---|---|
| Jan 31, 2025 | 1.90 | — |
| Jan 31, 2024 | 1.97 | 1.24 |
| Jan 31, 2023 | 1.75 | 1.41 |
| Jan 31, 2022 | 1.03 | 1.37 |
| Jan 31, 2021 | 1.12 | 1.55 |
| Jan 31, 2020 | 1.04 | 1.71 |
| Jan 31, 2019 | 1.11 | 1.66 |
| Jan 31, 2018 | 1.92 | 1.88 |
| Jan 31, 2017 | 1.93 | 2.04 |
| Jan 31, 2016 | 2.56 | 2.01 |
| Jan 31, 2015 | 3.29 | 2.03 |
| Jan 31, 2014 | 4.80 | 1.97 |
| Jan 31, 2013 | 3.47 | 2.20 |
Based on: 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), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31).