Paylocity Holdng (PCTY)

Cash ratio

		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	Dec 31, 2019	Sep 30, 2019
Cash and cash equivalents	US$ in thousands	401,811	492,695	366,904	305,031	288,767	233,692	120,053	65,484	139,756	96,465	84,104	66,431	202,287	175,453	218,696	221,514	250,851	114,325	75,900	100,529
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	4,456	4,456	4,456	3,151	4,456	6,823	13,637	18,554	34,556	66,308	69,849	29,130
Total current liabilities	US$ in thousands	3,117,360	3,765,190	3,422,860	2,672,230	2,774,800	3,354,660	3,189,100	2,411,580	4,120,530	4,438,440	2,006,170	3,273,450	1,867,020	2,138,370	2,271,260	1,444,530	1,408,940	1,796,800	1,911,860	1,211,080
Cash ratio		0.13	0.13	0.11	0.11	0.10	0.07	0.04	0.03	0.03	0.02	0.04	0.02	0.11	0.09	0.10	0.17	0.20	0.10	0.08	0.11

June 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($401,811K + $—K) ÷ $3,117,360K
= 0.13

The cash ratio of Paylocity Holdng has shown fluctuation over the past quarters. The cash ratio, which measures a company's ability to cover its short-term liabilities with its cash and cash equivalents, was consistently low in the range of 0.02 to 0.11 from Dec 2019 to Mar 2022. However, there was a notable increase in the cash ratio in Jun 2022 to 0.17, indicating improved liquidity position. This positive trend continued into Sep 2022 with a cash ratio of 0.20, suggesting a stronger ability to meet short-term obligations.

Subsequently, there was a decline in the cash ratio in the following quarters, reaching its lowest point in Dec 2022 at 0.04. The cash ratio remained relatively stable at around 0.03 to 0.11 from Mar 2023 to Mar 2024, showing some variability but staying within the range established in the earlier quarters.

Overall, Paylocity Holdng's cash ratio reflects its ability to cover short-term obligations with available cash and cash equivalents, with the company showing fluctuations in its liquidity position over the periods analyzed. It is important for investors and analysts to monitor these changes to assess the company's financial health and ability to meet its short-term obligations.