Paycom Soft (PAYC)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,303,040 | 1,421,310 | 1,406,680 | 1,334,470 | 1,182,610 | 1,076,380 | 994,139 | 1,009,020 | 893,714 | 825,341 | 792,256 | 745,476 | 655,643 | 632,399 | 585,853 | 599,788 | 526,628 | 474,898 | 434,762 | 398,553 |
Debt-to-equity ratio | 0.00 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.06 | 0.07 | 0.07 | 0.08 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,303,040K
= 0.00
The debt-to-equity ratio for Paycom Software Inc has been consistently low over the past eight quarters, ranging from 0.00 to 0.03. This indicates that the company has been primarily funded by equity rather than debt during this period. The decreasing trend in the ratio from 0.03 in Q1 2022 to 0.00 in Q4 2023 suggests a reduction in debt relative to equity in the company's capital structure. Overall, the low and decreasing debt-to-equity ratio reflects a conservative financial approach with lower reliance on debt financing, which can be seen as a positive indicator of financial stability and strength for Paycom Software Inc.
Peer comparison
Dec 31, 2023