Paycom Soft (PAYC)

Debt-to-assets ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Long-term debt US$ in thousands 29,000 27,380 29,119 30,858
Total assets US$ in thousands 4,197,540 3,902,510 3,215,140 2,607,910 2,486,920
Debt-to-assets ratio 0.00 0.01 0.01 0.01 0.01

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,197,540K
= 0.00

The debt-to-assets ratio of Paycom Software Inc has been consistently low over the past five years, ranging from 0.00 to 0.01. This indicates that the company has very little debt relative to its total assets. A low debt-to-assets ratio suggests that the company relies more on equity financing rather than debt to fund its operations and investments. Paycom Software Inc's strong financial position with minimal debt obligations may signify financial stability, lower financial risk, and potential flexibility to pursue growth opportunities without being burdened by excessive debt. Overall, the trend in the debt-to-assets ratio indicates that Paycom Software Inc has maintained a conservative approach to managing its capital structure, which could be perceived positively by investors and creditors.


Peer comparison

Dec 31, 2023


See also:

Paycom Soft Debt to Assets