Paycom Soft (PAYC)

Debt-to-assets ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	—	29,000	29,000	29,000	29,000	29,000	29,000	26,945	27,380	27,815	28,250	28,684	29,119	29,554	29,989	30,423	30,858	31,293	31,727	32,179
Total assets	US$ in thousands	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	2,486,920	1,592,030	1,826,190	2,062,830
Debt-to-assets ratio		0.00	0.01	0.01	0.01	0.01	0.01	0.01	0.00	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.01	0.01	0.02	0.02	0.02

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 remained stable at 0.01 for the past eight quarters, indicating that the company has very low levels of debt compared to its total assets. This suggests that Paycom Software Inc relies more on equity financing rather than debt financing to fund its operations and investments. A low debt-to-assets ratio is generally seen as a positive sign, as it indicates lower financial risk and higher financial stability for the company. Paycom Software Inc's consistent low debt-to-assets ratio demonstrates its strong financial position and ability to manage its debt levels effectively.