Current Ratio
since 2014
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- Income Statement
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Price to FCFE (P/FCFE)
- Net Profit Margin since 2014
- Operating Profit Margin since 2014
- Return on Assets (ROA) since 2014
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Calculation
Paycom Software Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2022 | = | ÷ | |||
| Dec 31, 2021 | = | ÷ | |||
| Dec 31, 2020 | = | ÷ | |||
| Dec 31, 2019 | = | ÷ | |||
| Dec 31, 2018 | = | ÷ | |||
| Dec 31, 2017 | = | ÷ | |||
| Dec 31, 2016 | = | ÷ | |||
| Dec 31, 2015 | = | ÷ | |||
| Dec 31, 2014 | = | ÷ |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
1 US$ in thousands
- Current Assets
- The current assets demonstrated a consistent upward trend over the period from 2014 to 2022. Starting at approximately 693 million US dollars in 2014, the value grew steadily each year, reaching over 2.76 billion US dollars by the end of 2022. This reflects a significant increase in liquid or near-liquid assets available to the company, indicating improved short-term financial resources.
- Current Liabilities
- Current liabilities also increased throughout the examined years, growing from around 679 million US dollars in 2014 to nearly 2.38 billion US dollars by 2022. The growth in liabilities closely mirrors that of current assets, suggesting that the company's short-term obligations have expanded at a comparable rate to its assets.
- Current Ratio
- The current ratio exhibited minor fluctuations but showed a gradual improvement over the nine-year span. Beginning at 1.02 in 2014, the ratio slightly dipped and hovered around 1.01 to 1.05 in the earlier years, indicative of a near balance between current assets and liabilities. From 2019 onward, the ratio increased steadily, reaching 1.16 by 2022. This trend suggests a progressively stronger liquidity position, implying enhanced ability to cover short-term liabilities with short-term assets.
Comparison to Industry (Industrials)
Paycom Software Inc., current ratio, long-term trends, comparison to industry (industrials)
| Paycom Software Inc. | Industrials | |
|---|---|---|
| Dec 31, 2022 | ||
| Dec 31, 2021 | ||
| Dec 31, 2020 | ||
| Dec 31, 2019 | ||
| Dec 31, 2018 | ||
| Dec 31, 2017 | ||
| Dec 31, 2016 | ||
| Dec 31, 2015 | ||
| Dec 31, 2014 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).