Paylocity Holdng (PCTY)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,033,060K
= 0.00
Paylocity Holdng has consistently reported a debt-to-equity ratio of 0.00 across multiple reporting periods. A debt-to-equity ratio of 0.00 indicates that the company has no financial leverage from debt, meaning it is entirely funded by equity. This suggests that the company does not rely on borrowing to finance its operations and growth, which can be seen as a positive sign of financial stability and lower financial risk. However, it's important to note that a debt-to-equity ratio of 0.00 may also indicate limited access to debt financing for potential expansion or investment opportunities. Overall, Paylocity Holding's debt-to-equity ratio of 0.00 consistently reflects a capital structure that is predominantly reliant on equity rather than debt.
Peer comparison
Jun 30, 2024