Paylocity Holdng (PCTY)
Debt-to-assets ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 4,245,460 | 3,695,680 | 4,809,010 | 2,414,880 | 1,985,650 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,245,460K
= 0.00
The debt-to-assets ratio for Paylocity Holding has consistently been 0.00 over the past five years, indicating that the company has not used debt to finance its operations and investments. This suggests that Paylocity Holding has primarily relied on equity financing to fund its activities. While a low or zero debt-to-assets ratio can be a positive sign of financial stability and lower financial risk, it may also indicate missed opportunities for leveraging debt for potential growth. Paylocity Holding's consistent zero debt-to-assets ratio reflects a conservative financial strategy that prioritizes equity financing and minimizes interest payments and financial leverage.
Peer comparison
Jun 30, 2024