Paycom Soft (PAYC)

Cash ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	US$ in thousands	402,000	325,757	346,456	371,325	294,025	484,028	536,545	505,590	400,730	317,163	279,039	360,594	277,978	230,926	202,362	215,093	151,710	156,398	113,518	181,827
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	3,906,800	1,659,680	2,526,880	2,942,310	2,534,640	2,069,910	2,186,730	2,565,100	2,377,040	1,897,760	3,568,470	4,112,530	1,990,410	3,086,270	2,145,210	2,425,570	1,718,030	1,627,800	1,117,250	1,497,920
Cash ratio		0.10	0.20	0.14	0.13	0.12	0.23	0.25	0.20	0.17	0.17	0.08	0.09	0.14	0.07	0.09	0.09	0.09	0.10	0.10	0.12

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($402,000K + $—K) ÷ $3,906,800K
= 0.10

The cash ratio of Paycom Soft has fluctuated over the period from March 31, 2020, to December 31, 2024, with values ranging between 0.07 and 0.25. The cash ratio indicates the proportion of a company's current assets that are in the form of cash or cash equivalents. A higher cash ratio suggests that the company has a greater ability to cover its short-term liabilities with its available cash.

Based on the provided data:
- The cash ratio generally remained below 0.15 during the period, with occasional peaks observed in September 30, 2021 (0.14), December 31, 2021 (0.17), and December 31, 2022 (0.17).
- Significant increases in the cash ratio were noted in June 30, 2023 (0.25) and September 30, 2024 (0.20), indicating a potential enhancement in the company's liquidity position during those periods.
- The lowest cash ratio was observed on September 30, 2021 (0.07), suggesting a relatively lower level of cash availability compared to current liabilities.

Overall, the trend in Paycom Soft's cash ratio suggests fluctuations in the company's liquidity position over the analyzed period, with periodic improvements and declines in its ability to cover short-term obligations with available cash reserves.