Paycom Software (BSP:P1YC34) Cash-to-Debt : 4.03 (As of Sep. 2024)

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What is Paycom Software Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Paycom Software's cash to debt ratio for the quarter that ended in Sep. 2024 was 4.03.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Paycom Software could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

(1) Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

The historical rank and industry rank for Paycom Software's Cash-to-Debt or its related term are showing as below:

BSP:P1YC34' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.93 Med: 3.42 Max: No Debt
Current: 4.03

During the past 13 years, Paycom Software's highest Cash to Debt Ratio was No Debt. The lowest was 0.93. And the median was 3.42.

BSP:P1YC34's Cash-to-Debt is ranked better than
57.87% of 2796 companies
in the Software industry
Industry Median: 2.33 vs BSP:P1YC34: 4.03

Paycom Software Cash-to-Debt Historical Data

The historical data trend for Paycom Software's Cash-to-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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Paycom Software Cash-to-Debt Chart

Paycom Software Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

4.10

4.91

9.54

13.82

No Debt

Paycom Software Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															16.69	No Debt	No Debt	No Debt	4.03

Competitive Comparison of Paycom Software's Cash-to-Debt

For the Software - Application subindustry, Paycom Software's Cash-to-Debt, along with its competitors' market caps and Cash-to-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.

Paycom Software's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Paycom Software's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Paycom Software's Cash-to-Debt falls into.

Paycom Software Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Paycom Software's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Paycom Software had no debt ⁽¹⁾.

Paycom Software's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1803.977	/	(111.443	+	335.923)
	=	4.03

Paycom Software (BSP:P1YC34) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Paycom Software Cash-to-Debt Related Terms

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Paycom Software Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Paycom Software Inc (BSP:P1YC34) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PAYC:USA PAYC:Mexico 0KGH:UK

Address

7501 W. Memorial Road, Oklahoma, OK, USA, 73142

Website

https://www.paycom.com

Paycom is a fast-growing provider of payroll and human capital management software primarily targeting clients with 50-10,000 employees in the United States. Paycom was established in 1998 and services about 19,500 clients as of 2023, based on parent company grouping. Alongside its core payroll software, Paycom offers various HCM add-on modules, including time and attendance, talent management, and benefits administration.

Paycom Software Headlines

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