Paylocity Holdng (PCTY)
Cash ratio
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 398,070 | 477,785 | 482,364 | 778,549 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | 4,456 | 4,456 | 4,456 | 3,151 | 4,456 | 6,823 | 13,637 | 18,554 |
| Total current liabilities | US$ in thousands | 210,428 | 202,363 | 3,705,620 | 2,500,700 | 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 |
| Cash ratio | 1.89 | 2.36 | 0.13 | 0.31 | 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 |
June 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($398,070K
+ $—K)
÷ $210,428K
= 1.89
The cash ratio of Paylocity Holdings over the period from September 2020 through June 2025 demonstrates significant fluctuations, with notable upward trends observed in the latter part of the timeline. Initially, the cash ratio was relatively low, commencing at 0.17 in September 2020 and decreasing to a generally minimal level, reaching a low of 0.02 between September 2021 and March 2022, indicating limited cash coverage relative to current liabilities during that period.
Throughout 2022 and early 2023, the cash ratio exhibited slight stability and modest increments, fluctuating between 0.02 and 0.07, reflecting a relatively cautious liquidity stance focused on minimal cash holdings in proportion to current liabilities. In the later part of 2023 and into 2024, the ratio increased steadily, reaching 0.11 by September 2023, with subsequent measurements showing further growth to 0.13, indicating an improved liquidity position and enhanced ability to cover short-term obligations with cash.
A dramatic shift occurs in March 2025, where the cash ratio jumps to 2.36, and remains elevated at 1.89 in June 2025. This substantial increase suggests a significant accumulation of cash relative to current liabilities, potentially due to strategic cash accumulation, asset liquidations, or other liquidity-boosting measures. Such a high ratio indicates that the company is holding ample cash reserves to comfortably meet its short-term obligations, which could reflect increased financial stability or a strategic shift toward liquidity conservation.
Overall, the trend reveals an initial period of very limited cash coverage, followed by gradual improvement and a substantial liquidity enhancement towards the end of the analyzed period, with the ratios surpassing typical thresholds and reflecting a significantly more liquid position in the most recent quarters.
Peer comparison
Jun 30, 2025