Paycom Soft (PAYC)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,813,430 | 2,764,170 | 2,252,040 | 1,864,600 | 1,871,100 |
| Total current liabilities | US$ in thousands | 2,534,640 | 2,377,040 | 1,990,410 | 1,718,030 | 1,753,520 |
| Current ratio | 1.11 | 1.16 | 1.13 | 1.09 | 1.07 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,813,430K ÷ $2,534,640K
= 1.11
The current ratio of Paycom Software Inc has exhibited slight fluctuations over the past five years, ranging from 1.07 in 2019 to 1.16 in 2022. As of December 31, 2023, the current ratio stands at 1.11. This indicates that the company's current assets are slightly more than its current liabilities, providing a measure of short-term liquidity. While the current ratio has remained relatively stable overall, it is important to note that a ratio above 1 suggests that the company should be able to meet its short-term obligations. However, a decreasing trend in the current ratio in recent years may warrant further analysis to assess the company's ability to manage its current liabilities effectively.
Peer comparison
Dec 31, 2023