Paycom Soft (PAYC)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,575,900 | 1,303,040 | 1,182,610 | 893,714 | 655,643 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,575,900K)
= 0.00
The debt-to-capital ratio of Paycom Soft has consistently remained at 0.00% over the five-year period from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt in its capital structure during this period. A debt-to-capital ratio of 0.00% reflects a capital structure that is entirely equity-funded, which suggests that the company has not relied on borrowed funds to finance its operations or investments. This can be seen as a positive indicator of financial stability and risk management, as the absence of debt obligations reduces the company's financial risk and interest expense burden. It also implies that Paycom Soft has sufficient internal resources or equity financing to support its growth and operational requirements without resorting to external borrowing.
Peer comparison
Dec 31, 2024