Paycom Soft (PAYC)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 5,859,900 | 4,197,540 | 3,902,510 | 3,215,140 | 2,607,910 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $5,859,900K
= 0.00
The debt-to-assets ratio for Paycom Soft shows a consistent and sustained trend of 0.00 over the years 2020 through 2024. This indicates that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 signifies that all of the company's assets are financed through equity, which may suggest a strong financial position with low financial risk and suggests that the company has sufficient resources to support its operations without relying on external borrowing. However, it is important to note that a very low debt-to-assets ratio can also indicate underutilization of debt and potential missed opportunities for leveraging financial leverage for growth or investment. Nevertheless, Paycom Soft's consistent 0.00 debt-to-assets ratio may reflect a deliberate financial strategy or a strong capital structure that prioritizes equity financing.
Peer comparison
Dec 31, 2024