Paycom Soft (PAYC)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 402,000 | 294,025 | 400,730 | 277,978 | 151,710 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,906,800 | 2,534,640 | 2,377,040 | 1,990,410 | 1,718,030 |
| Quick ratio | 0.10 | 0.12 | 0.17 | 0.14 | 0.09 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($402,000K
+ $—K
+ $—K)
÷ $3,906,800K
= 0.10
The quick ratio of Paycom Soft has shown some fluctuation over the past five years. Starting at a low of 0.09 on December 31, 2020, the ratio improved to 0.14 by December 31, 2021, indicating a better ability to meet short-term obligations with liquid assets. This trend continued into December 31, 2022, where the quick ratio increased to 0.17, reflecting a further enhancement in liquidity. However, by December 31, 2023, the quick ratio declined to 0.12, suggesting a potential decrease in the company's ability to cover its immediate liabilities with its most liquid assets. This trend continued into December 31, 2024, with the quick ratio standing at 0.10, indicating a further decrease in liquidity compared to the previous year. Overall, while there have been fluctuations in the quick ratio, Paycom Soft may need to assess and potentially improve its liquidity management to ensure its short-term obligations can be met effectively.
Peer comparison
Dec 31, 2024