Paylocity Holdng (PCTY)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,033,060 | 1,099,410 | 986,773 | 892,639 | 842,863 | 768,746 | 677,767 | 610,846 | 613,463 | 565,419 | 506,693 | 467,573 | 476,930 | 454,609 | 408,218 | 386,820 | 392,908 | 374,375 | 331,564 | 309,459 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,033,060K)
= 0.00
The debt-to-capital ratio for Paylocity Holding has consistently remained at 0.00 over the past several quarters, indicating that the company has not utilized debt to finance its operations or investments. This suggests that Paylocity Holding has been primarily relying on equity financing to support its business activities. While a debt-to-capital ratio of 0.00 may indicate a conservative financial approach with lower financial risk due to the absence of debt, it is essential to consider the potential limitations of relying solely on equity financing, such as potentially missing out on leveraging debt for growth opportunities or tax advantages. It is recommended that investors and analysts further investigate the company's capital structure and financing strategy to obtain a comprehensive understanding of its financial health and risk profile.
Peer comparison
Jun 30, 2024