Paylocity Holding (STU:0P7) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2024)

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What is Paylocity Holding LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Paylocity Holding's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.07.

Paylocity Holding's long-term debt to total assets ratio increased from Dec. 2023 (0.01) to Dec. 2024 (0.07). It may suggest that Paylocity Holding is progressively becoming more dependent on debt to grow their business.

Paylocity Holding LT-Debt-to-Total-Asset Historical Data

The historical data trend for Paylocity Holding's LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset Chart

Paylocity Holding Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.09

0.03

0.01

0.02

0.01

Paylocity Holding Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.09	0.07

Paylocity Holding LT-Debt-to-Total-Asset Calculation

Paylocity Holding's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	43.49	/	3944.032
	=	0.01

Paylocity Holding's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	357.216	/	5055.554
	=	0.07

Paylocity Holding (STU:0P7) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Paylocity Holding LT-Debt-to-Total-Asset Related Terms

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Paylocity Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Paylocity Holding Corp (STU:0P7) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

PCTY:USA PCTY:Mexico

Address

1400 American Lane, Schaumburg, IL, USA, 60173

Website

https://www.paylocity.com

Paylocity is a provider of payroll and human capital management solutions servicing small- to midsize clients in the United States. The company was founded in 1997 and targets businesses with 10-5,000 employees and services about 39,000 clients as of fiscal 2024. Alongside core payroll services, Paylocity offers HCM solutions such as time and attendance and recruiting software as well as workplace collaboration and communication tools.

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