Paylocity Holding (Paylocity Holding) Cash-to-Debt : 6.20 (As of Dec. 2023)

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What is Paylocity Holding 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. Paylocity Holding's cash to debt ratio for the quarter that ended in Dec. 2023 was 6.20.

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, Paylocity Holding could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

PCTY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.87 Med: 67.62 Max: No Debt
Current: 6.2

During the past 13 years, Paylocity Holding's highest Cash to Debt Ratio was No Debt. The lowest was 0.87. And the median was 67.62.

PCTY's Cash-to-Debt is ranked better than
61.86% of 2792 companies
in the Software industry
Industry Median: 2.44 vs PCTY: 6.20

Paylocity Holding Cash-to-Debt Historical Data

The historical data trend for Paylocity Holding'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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Paylocity Holding Cash-to-Debt Chart

Paylocity Holding Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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109.17

1.57

2.77

1.80

4.11

Paylocity Holding Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.63	3.26	4.11	4.42	6.20

Competitive Comparison of Paylocity Holding's Cash-to-Debt

For the Software - Application subindustry, Paylocity Holding'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.

Paylocity Holding's Cash-to-Debt Distribution in the Software Industry

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

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

Paylocity Holding 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.

Paylocity Holding's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 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)
	=	288.767	/	(7.8	+	62.471)
	=	4.11

Paylocity Holding's Cash to Debt Ratio for the quarter that ended in Dec. 2023 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)
	=	366.904	/	(8.197	+	50.963)
	=	6.20

Paylocity Holding (NAS:PCTY) 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.

Paylocity Holding Cash-to-Debt Related Terms

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Paylocity Holding (Paylocity Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Paylocity Holding Corp (NAS:PCTY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PCTY:Mexico 0P7:Germany 0P7:Germany

Address

1400 American Lane, Schaumburg, IL, USA, 60173

Website

https://www.paylocity.com

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