Debt to Equity
since 2014
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Paycom Software Inc. pages available for free this week:
- 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., debt to equity, long-term trends, calculation
| Debt to equity | = | Long-term debt, including current portion1 | ÷ | Stockholders’ equity1 | |
|---|---|---|---|---|---|
| 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
The financial data reveals a consistent reduction in long-term debt over the analyzed period. Starting from approximately $26.98 million in 2014, the company reduced this liability to around $29.0 million by the end of 2022, with slight fluctuations observed in the intermediate years. This trend indicates a general focus on deleveraging or maintaining a controlled debt level.
Concurrently, stockholders’ equity exhibited a significant and continuous increase across the years. Beginning at about $74.14 million in 2014, equity rose substantially to reach approximately $1.18 billion by the end of 2022. This sharp growth signals strong capital accumulation and potentially increased retained earnings or capital infusions, contributing to a more robust equity base.
The debt to equity ratio correspondingly demonstrated a steady downward trend, reflecting the company's decreasing reliance on debt relative to equity. Starting at 0.36 in 2014, it gradually decreased to a low of 0.02 by 2022. This ratio decline reinforces the observation that the company has strengthened its financial structure by reducing leverage and increasing equity, which potentially enhances financial stability and reduces risk.
- Long-term debt trend
- Relatively stable with minor declines, moving from about $27 million to $29 million over nine years, indicating effective debt management.
- Stockholders' equity trend
- Marked and sustained growth from roughly $74 million to over $1.18 billion, reflecting significant equity strengthening.
- Debt to equity ratio trend
- Continuous decrease from 0.36 to 0.02, showcasing reduced leverage and increased financial resilience.
Comparison to Industry (Industrials)
Paycom Software Inc., debt to equity, 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).