Paycom Soft (PAYC)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 5,859,900 | 3,492,530 | 4,312,740 | 4,733,260 | 4,197,540 | 3,856,100 | 3,951,340 | 4,241,620 | 3,902,510 | 3,314,570 | 4,891,700 | 5,444,570 | 3,215,140 | 4,218,040 | 3,233,090 | 3,406,770 | 2,607,910 | 2,485,200 | 1,921,500 | 2,309,720 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
Paycom Soft has consistently maintained a debt-to-assets ratio of 0.00 over the past several quarters, indicating that the company has not used debt financing to fund its operations or investments. A debt-to-assets ratio of 0.00 signifies that the company's total debt is minimal or non-existent in relation to its total assets on hand. This suggests that Paycom Soft may have a strong financial position and may not be heavily reliant on borrowing to sustain its business activities. A low debt-to-assets ratio can be viewed positively by investors and creditors as it implies lower financial risk and greater financial stability for the company.
Peer comparison
Dec 31, 2024