Paylocity Holdng (PCTY)
Debt-to-equity ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,033,060 | 842,863 | 613,463 | 476,930 | 392,908 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,033,060K
= 0.00
Based on the provided data, the debt-to-equity ratio of Paylocity Holding has been consistently 0.00 for the past five years (from 2020 to 2024). This indicates that the company has not utilized any debt in its capital structure relative to its equity during this period. A debt-to-equity ratio of 0.00 typically implies that the company is fully financed by equity, which can be seen as a positive sign of financial strength and stability. However, it's important to note that while low or zero debt levels can offer financial flexibility and reduce interest expenses, it may also mean missed opportunities for leveraging debt for potential growth or tax advantages. Further analysis of Paylocity Holding's capital structure and financial strategy would provide a more comprehensive understanding of its financial health and decision-making processes.
Peer comparison
Jun 30, 2024