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Paylocity Holding (Paylocity Holding) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)


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What is Paylocity Holding Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Paylocity Holding's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0 Mil. Paylocity Holding's average total debt for the quarter that ended in Mar. 2024 was $58 Mil. Therefore, Paylocity Holding's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.


Paylocity Holding Effective Interest Rate on Debt % Historical Data

The historical data trend for Paylocity Holding's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Paylocity Holding Effective Interest Rate on Debt % Chart

Paylocity Holding Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
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Paylocity Holding Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Paylocity Holding's Effective Interest Rate on Debt %

For the Software - Application subindustry, Paylocity Holding's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Paylocity Holding's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Paylocity Holding's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Paylocity Holding's Effective Interest Rate on Debt % falls into.



Paylocity Holding Effective Interest Rate on Debt % Calculation

Paylocity Holding's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2022 )+Total Debt  (A: Jun. 2023 ))/ count )
=-1  *  0/( (77.518+70.271)/ 2 )
=-1  *  0/73.8945
=0.00 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=69.119 + 8.399
=77.518

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=62.471 + 7.8
=70.271

Paylocity Holding's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  0/( (59.16+56.909)/ 2 )
=-1  *  0/58.0345
=0.00 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=50.963 + 8.197
=59.16

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=48.888 + 8.021
=56.909

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Paylocity Holding  (NAS:PCTY) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Paylocity Holding Effective Interest Rate on Debt % Related Terms

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Paylocity Holding (Paylocity Holding) Business Description

Industry
Traded in Other Exchanges
Address
1400 American Lane, Schaumburg, IL, USA, 60173
Paylocity is a provider of payroll and human capital management, or HCM, solutions servicing small- to midsize clients in the United States. The company was founded in 1997 and targets businesses with 10 to 5,000 employees and services about 36,000 clients as of fiscal 2023. Alongside core payroll services, Paylocity offers HCM solutions such as time and attendance and recruiting software, as well workplace collaboration and communication tools.
Executives
Ryan Glenn officer: CFO and Treasurer 1400 AMERICAN LANE, SCHAUMBERG IL 60173
Katherine Ross officer: Sr Vice President Operations 1400 AMERICAN LANE, SCHAUMBURG IL 60173
Rachit Lohani officer: Chief Technology Officer 1400 AMERICAN LANE, SCHAUMBURG IL 60173
Steven I Sarowitz director, 10 percent owner, officer: Executive Chairman 3850 N. WILKE ROAD, ARLINGTON HEIGHTS IL 60004
Nicholas Rost officer: VP & Chief Accounting Officer 1400 AMERICAN LANE, SCHAUMBURG IL 60173
Joshua Scutt officer: Senior Vice President Sales 1400 AMERICAN LANE, SCHAUMBURG IL 60173
Linda M. Breard director 3600 136 PLACE SE, SUITE 300, BELLEVUE WA 98006
Jeffrey T Diehl director, 10 percent owner ONE NORTH WACKER DRIVE, SUITE 2200, CHICAGO IL 60606-2823
Toby J. Williams officer: Chief Financial Officer 3850 N. WILKE ROAD, ARLINGTON HEIGHTS IL 60004
Bernard Robinson Kenneth director 9417 FOX CREEK LANE, MASON OH 45040
Steven R Beauchamp director, officer: President and CEO 3850 N. WILKE ROAD, ARLINGTON HEIGHTS IL 60004
Ronald V Waters director 75 EAST ELM STREET, CHICAGO IL 60611
Mark S Kinsey officer: Senior VP of Operations 3850 N WILKE ROAD, ARLINGTON HEIGHTS IL 60004
Michael R Haske officer: Senior VP of Sales & Marketing 3850 N. WILKE ROAD, ARLINGTON HEIGHTS IL 60004
Andrew Cappotelli officer: Chief Accounting Officer 3850 N. WILKE RD, ARLINGTON HEIGHTS IL 60004