Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Workday Inc., liquidity ratios
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).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Workday Inc. current ratio improved from 2023 to 2024 but then slightly deteriorated from 2024 to 2025. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Workday Inc. quick ratio improved from 2023 to 2024 but then slightly deteriorated from 2024 to 2025. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Workday Inc. cash ratio improved from 2023 to 2024 but then slightly deteriorated from 2024 to 2025. |
Current Ratio
Workday Inc., current ratio calculation, comparison to benchmarks
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Current assets | 10,545) | 9,939) | 8,108) | 5,214) | 4,802) | 3,095) | |
| Current liabilities | 5,548) | 5,055) | 4,628) | 5,068) | 4,283) | 2,969) | |
| Liquidity Ratio | |||||||
| Current ratio1 | 1.90 | 1.97 | 1.75 | 1.03 | 1.12 | 1.04 | |
| Benchmarks | |||||||
| Current Ratio, Competitors2 | |||||||
| Accenture PLC | — | 1.10 | 1.30 | 1.23 | 1.25 | 1.40 | |
| Adobe Inc. | — | 1.07 | 1.34 | 1.11 | 1.25 | 1.48 | |
| Cadence Design Systems Inc. | — | 2.93 | 1.24 | 1.27 | 1.77 | 1.86 | |
| CrowdStrike Holdings Inc. | 1.77 | 1.76 | 1.73 | 1.83 | 2.65 | 2.38 | |
| International Business Machines Corp. | — | 1.04 | 0.96 | 0.92 | 0.88 | 0.98 | |
| Intuit Inc. | — | 1.29 | 1.47 | 1.39 | 1.94 | 2.26 | |
| Microsoft Corp. | — | 1.27 | 1.77 | 1.78 | 2.08 | 2.52 | |
| Oracle Corp. | — | 0.72 | 0.91 | 1.62 | 2.30 | 3.03 | |
| Palantir Technologies Inc. | — | 5.96 | 5.55 | 5.17 | 4.34 | 3.74 | |
| Palo Alto Networks Inc. | — | 0.89 | 0.78 | 0.77 | 0.91 | 1.91 | |
| Salesforce Inc. | 1.06 | 1.09 | 1.02 | 1.05 | 1.23 | 1.08 | |
| ServiceNow Inc. | — | 1.10 | 1.06 | 1.11 | 1.05 | 1.21 | |
| Synopsys Inc. | — | 2.44 | 1.15 | 1.09 | 1.16 | 1.19 | |
| Current Ratio, Sector | |||||||
| Software & Services | — | 1.19 | 1.39 | 1.43 | 1.67 | 1.91 | |
| Current Ratio, Industry | |||||||
| Information Technology | — | 1.24 | 1.41 | 1.37 | 1.55 | 1.71 | |
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).
1 2025 Calculation
Current ratio = Current assets ÷ Current liabilities
= 10,545 ÷ 5,548 = 1.90
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Workday Inc. current ratio improved from 2023 to 2024 but then slightly deteriorated from 2024 to 2025. |
Quick Ratio
Workday Inc., quick ratio calculation, comparison to benchmarks
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Cash and cash equivalents | 1,543) | 2,012) | 1,886) | 1,534) | 1,384) | 731) | |
| Marketable securities | 6,474) | 5,801) | 4,235) | 2,110) | 2,151) | 1,213) | |
| Trade and other receivables, net of allowance for credit losses | 1,950) | 1,639) | 1,570) | 1,243) | 1,032) | 878) | |
| Total quick assets | 9,967) | 9,452) | 7,691) | 4,887) | 4,568) | 2,822) | |
| Current liabilities | 5,548) | 5,055) | 4,628) | 5,068) | 4,283) | 2,969) | |
| Liquidity Ratio | |||||||
| Quick ratio1 | 1.80 | 1.87 | 1.66 | 0.96 | 1.07 | 0.95 | |
| Benchmarks | |||||||
| Quick Ratio, Competitors2 | |||||||
| Accenture PLC | — | 0.98 | 1.18 | 1.12 | 1.14 | 1.29 | |
| Adobe Inc. | — | 0.95 | 1.22 | 1.00 | 1.11 | 1.34 | |
| Cadence Design Systems Inc. | — | 2.53 | 1.02 | 1.02 | 1.47 | 1.60 | |
| CrowdStrike Holdings Inc. | 1.58 | 1.60 | 1.58 | 1.68 | 2.50 | 2.18 | |
| International Business Machines Corp. | — | 0.90 | 0.82 | 0.76 | 0.69 | 0.83 | |
| Intuit Inc. | — | 0.71 | 1.25 | 1.17 | 1.65 | 2.04 | |
| Microsoft Corp. | — | 1.06 | 1.54 | 1.57 | 1.90 | 2.33 | |
| Oracle Corp. | — | 0.59 | 0.74 | 1.43 | 2.15 | 2.83 | |
| Palantir Technologies Inc. | — | 5.83 | 5.41 | 4.92 | 4.11 | 3.59 | |
| Palo Alto Networks Inc. | — | 0.82 | 0.72 | 0.75 | 0.88 | 1.85 | |
| Salesforce Inc. | 0.93 | 0.96 | 0.90 | 0.93 | 1.11 | 0.95 | |
| ServiceNow Inc. | — | 1.02 | 1.00 | 1.06 | 1.01 | 1.16 | |
| Synopsys Inc. | — | 1.88 | 0.85 | 0.85 | 0.89 | 0.94 | |
| Quick Ratio, Sector | |||||||
| Software & Services | — | 1.00 | 1.21 | 1.26 | 1.51 | 1.75 | |
| Quick Ratio, Industry | |||||||
| Information Technology | — | 0.96 | 1.12 | 1.08 | 1.30 | 1.46 | |
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).
1 2025 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 9,967 ÷ 5,548 = 1.80
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Workday Inc. quick ratio improved from 2023 to 2024 but then slightly deteriorated from 2024 to 2025. |
Cash Ratio
Workday Inc., cash ratio calculation, comparison to benchmarks
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Cash and cash equivalents | 1,543) | 2,012) | 1,886) | 1,534) | 1,384) | 731) | |
| Marketable securities | 6,474) | 5,801) | 4,235) | 2,110) | 2,151) | 1,213) | |
| Total cash assets | 8,017) | 7,813) | 6,121) | 3,644) | 3,536) | 1,945) | |
| Current liabilities | 5,548) | 5,055) | 4,628) | 5,068) | 4,283) | 2,969) | |
| Liquidity Ratio | |||||||
| Cash ratio1 | 1.45 | 1.55 | 1.32 | 0.72 | 0.83 | 0.65 | |
| Benchmarks | |||||||
| Cash Ratio, Competitors2 | |||||||
| Accenture PLC | — | 0.26 | 0.50 | 0.45 | 0.52 | 0.67 | |
| Adobe Inc. | — | 0.75 | 0.95 | 0.75 | 0.84 | 1.09 | |
| Cadence Design Systems Inc. | — | 2.03 | 0.72 | 0.66 | 1.13 | 1.17 | |
| CrowdStrike Holdings Inc. | 1.25 | 1.29 | 1.28 | 1.42 | 2.22 | 1.85 | |
| International Business Machines Corp. | — | 0.45 | 0.39 | 0.28 | 0.22 | 0.36 | |
| Intuit Inc. | — | 0.54 | 0.97 | 0.90 | 1.46 | 2.00 | |
| Microsoft Corp. | — | 0.60 | 1.07 | 1.10 | 1.47 | 1.89 | |
| Oracle Corp. | — | 0.34 | 0.44 | 1.12 | 1.93 | 2.50 | |
| Palantir Technologies Inc. | — | 5.25 | 4.93 | 4.48 | 3.83 | 3.33 | |
| Palo Alto Networks Inc. | — | 0.34 | 0.31 | 0.44 | 0.57 | 1.39 | |
| Salesforce Inc. | 0.50 | 0.53 | 0.48 | 0.48 | 0.67 | 0.54 | |
| ServiceNow Inc. | — | 0.69 | 0.66 | 0.71 | 0.67 | 0.83 | |
| Synopsys Inc. | — | 1.53 | 0.53 | 0.56 | 0.65 | 0.58 | |
| Cash Ratio, Sector | |||||||
| Software & Services | — | 0.58 | 0.78 | 0.82 | 1.11 | 1.32 | |
| Cash Ratio, Industry | |||||||
| Information Technology | — | 0.57 | 0.71 | 0.66 | 0.89 | 1.06 | |
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).
1 2025 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 8,017 ÷ 5,548 = 1.45
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Workday Inc. cash ratio improved from 2023 to 2024 but then slightly deteriorated from 2024 to 2025. |