Debt to Equity
since 2013
Paying user area
Try for free
Workday Inc. pages available for free this week:
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Dividend Discount Model (DDM)
- Selected Financial Data since 2013
- Price to Operating Profit (P/OP) since 2013
- Price to Sales (P/S) since 2013
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Workday Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Calculation
Workday Inc., debt to equity, long-term trends, calculation
| Debt to equity | = | Total debt1 | ÷ | Stockholders’ equity1 | |
|---|---|---|---|---|---|
| Jan 31, 2025 | = | ÷ | |||
| Jan 31, 2024 | = | ÷ | |||
| Jan 31, 2023 | = | ÷ | |||
| Jan 31, 2022 | = | ÷ | |||
| Jan 31, 2021 | = | ÷ | |||
| Jan 31, 2020 | = | ÷ | |||
| Jan 31, 2019 | = | ÷ | |||
| Jan 31, 2018 | = | ÷ | |||
| Jan 31, 2017 | = | ÷ | |||
| Jan 31, 2016 | = | ÷ | |||
| Jan 31, 2015 | = | ÷ | |||
| Jan 31, 2014 | = | ÷ | |||
| Jan 31, 2013 | = | ÷ |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31).
1 US$ in millions
- Total Debt
-
Total debt exhibited a general upward trend over the analyzed period. Starting from a modest level in 2013, the debt saw steady increases with notable acceleration particularly after 2016. The total debt peaked around 2023, reaching approximately US$2,980 million, and remained stable through 2025. Despite fluctuations, the increase in total debt indicates an expanding borrowing base.
- Stockholders’ Equity
-
Stockholders’ equity consistently increased throughout the entire period under review. Beginning at US$592 million in 2013, equity values more than doubled by 2018 and continued to grow substantially, reaching over US$9,000 million by 2025. This steady growth suggests robust capital accumulation and reinvestment, enhancing the financial foundation of the entity.
- Debt to Equity Ratio
-
The debt to equity ratio showed variability but exhibited a declining trend in the later years. Initially, the ratio rose significantly from 0.04 in 2013 to a peak near 0.94 around 2017, reflecting an increased leverage relative to equity during that period. However, after 2017, the ratio decreased and stabilized below 0.55, reaching approximately 0.33 by 2025. This reduction signifies an improvement in the capital structure, indicating relatively lower reliance on debt compared to equity financing over time.
- Overall Financial Structure Insights
-
The financial data reveal an expanding balance sheet characterized by both rising debt and equity levels. Although debt increased in absolute terms, equity grew at a considerably faster pace, leading to a more favorable debt to equity ratio in recent years. This trend points to enhanced financial stability and possibly improved creditworthiness, as equity strengthens relative to liabilities. The company's approach appears balanced, managing debt levels while significantly increasing shareholder equity.
Comparison to Competitors
Workday Inc., debt to equity, long-term trends, comparison to competitors
| Workday Inc. | Accenture PLC | Adobe Inc. | AppLovin Corp. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Datadog Inc. | 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 | ||||||||||||||||
| Jan 31, 2024 | ||||||||||||||||
| Jan 31, 2023 | ||||||||||||||||
| Jan 31, 2022 | ||||||||||||||||
| Jan 31, 2021 | ||||||||||||||||
| Jan 31, 2020 | ||||||||||||||||
| Jan 31, 2019 | ||||||||||||||||
| Jan 31, 2018 | ||||||||||||||||
| Jan 31, 2017 | ||||||||||||||||
| Jan 31, 2016 | ||||||||||||||||
| Jan 31, 2015 | ||||||||||||||||
| Jan 31, 2014 | ||||||||||||||||
| Jan 31, 2013 |
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., debt to equity, long-term trends, comparison to sector (software & services)
| Workday Inc. | Software & Services | |
|---|---|---|
| Jan 31, 2025 | ||
| Jan 31, 2024 | ||
| Jan 31, 2023 | ||
| Jan 31, 2022 | ||
| Jan 31, 2021 | ||
| Jan 31, 2020 | ||
| Jan 31, 2019 | ||
| Jan 31, 2018 | ||
| Jan 31, 2017 | ||
| Jan 31, 2016 | ||
| Jan 31, 2015 | ||
| Jan 31, 2014 | ||
| Jan 31, 2013 |
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., debt to equity, long-term trends, comparison to industry (information technology)
| Workday Inc. | Information Technology | |
|---|---|---|
| Jan 31, 2025 | ||
| Jan 31, 2024 | ||
| Jan 31, 2023 | ||
| Jan 31, 2022 | ||
| Jan 31, 2021 | ||
| Jan 31, 2020 | ||
| Jan 31, 2019 | ||
| Jan 31, 2018 | ||
| Jan 31, 2017 | ||
| Jan 31, 2016 | ||
| Jan 31, 2015 | ||
| Jan 31, 2014 | ||
| Jan 31, 2013 |
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).