Paylocity Holdng (PCTY)

Current 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
Total current assets	US$ in thousands	3,524,490	4,246,530	3,806,700	2,982,900	3,048,440	3,566,010	3,309,020	2,479,620	4,231,680	4,516,990	2,087,090	3,332,030	2,032,880	2,298,320	2,495,820	1,673,040	1,663,150	1,957,990	2,034,420	1,325,740
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
Current ratio		1.13	1.13	1.11	1.12	1.10	1.06	1.04	1.03	1.03	1.02	1.04	1.02	1.09	1.07	1.10	1.16	1.18	1.09	1.06	1.09

June 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $3,524,490K ÷ $3,117,360K
= 1.13

The current ratio of Paylocity Holding has fluctuated over the past few quarters, ranging from 1.02 to 1.18. A current ratio above 1 indicates that the company has more current assets than current liabilities, which generally suggests good liquidity.

In the most recent quarter, the current ratio was 1.13, which remained consistent with the previous quarter. This indicates that the company still has sufficient current assets to cover its current liabilities.

Overall, Paylocity Holding has maintained a relatively stable current ratio above 1 over the past few quarters, which reflects a strong financial position in terms of liquidity. However, it is important to continue monitoring this ratio to ensure the company can meet its short-term obligations effectively.