Paylocity Holdng (PCTY)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 607,832 | 673,485 | 4,237,260 | 3,193,860 | 3,426,630 | 4,154,080 | 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 |
| 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 |
| Current ratio | 2.89 | 3.33 | 1.14 | 1.28 | 1.10 | 1.10 | 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 |
June 30, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $607,832K ÷ $210,428K
= 2.89
The current ratio of Paylocity Holdings over the period from September 2020 to June 2025 demonstrates a generally stable liquidity position with some notable fluctuations. Initially, in September 2020, the ratio stood at 1.16, indicating that current assets slightly exceeded current liabilities. This level slightly decreased through 2020 and into 2021, reaching a low of 1.02 as of September 2021, suggesting a tightening of short-term liquidity but still maintaining a position above the critical threshold of 1.0.
Throughout 2022, the ratio remained relatively steady around 1.02 to 1.04, reflecting consistent, moderate liquidity levels. In early 2023, there was a gradual increase to approximately 1.06, indicating marginal improvement in the company's ability to meet short-term obligations.
The upward trend continued into 2023, with ratios reaching 1.10 in June and 1.12 in September, further signifying improved liquidity. This positive momentum persisted into late 2023, with ratios remaining stable around 1.11 to 1.14.
The most significant change appears towards March 2025, where the ratio sharply increased to 3.33, indicating a substantial strengthening of liquidity, with current assets significantly surpassing current liabilities. However, this elevated ratio was not maintained, decreasing back to 2.89 by June 2025, although still reflecting a strong liquidity position.
Overall, the trend of Paylocity Holdings’ current ratio indicates periods of relative stability with minor fluctuations, culminating in a marked improvement in liquidity margins as of March 2025. The data suggests a prudent liquidity management approach, with the company maintaining ratios above the critical level of 1.0 throughout the analyzed period, with a notable peak indicating an improved capacity to cover short-term obligations in early 2025.
Peer comparison
Jun 30, 2025