Paylocity Holdng (PCTY)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 4,245,460 | 4,953,040 | 4,492,720 | 3,646,780 | 3,695,680 | 4,193,520 | 3,937,770 | 3,095,110 | 4,809,010 | 5,079,240 | 2,588,590 | 3,811,540 | 2,414,880 | 2,663,550 | 2,850,960 | 2,004,850 | 1,985,650 | 2,256,930 | 2,323,430 | 1,598,470 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 Holdng has consistently been 0.00 for the periods listed in the table. This indicates that the company has not had any debt in relation to its total assets during these periods. A debt-to-assets ratio of 0.00 typically suggests that the company is not relying on debt to finance its operations and investments, which can be viewed positively by investors and creditors as it implies a lower financial risk. However, it's important to consider that a very low or zero debt-to-assets ratio may also indicate missed opportunities for leveraging debt for potential growth or tax advantages.
Peer comparison
Jun 30, 2024