Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Paycor HCM's Total Liabilities for the quarter that ended in Mar. 2024 was $1,614.0 Mil. Paycor HCM's Total Assets for the quarter that ended in Mar. 2024 was $2,905.3 Mil.
Therefore, Paycor HCM's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 was 0.56.
Paycor HCM Liabilities-to-Assets Historical Data
The historical data trend for Paycor HCM's Liabilities-to-Assets 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.
Competitive Comparison of Paycor HCM's Liabilities-to-Assets
For the Software - Application subindustry, Paycor HCM's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.
Paycor HCM's Liabilities-to-Assets Distribution in the Software Industry
For the Software industry and Technology sector, Paycor HCM's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where Paycor HCM's Liabilities-to-Assets falls into.
Paycor HCM Liabilities-to-Assets Calculation
Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.
Paycor HCM's Liabilities-to-Assets Ratio for the fiscal year that ended in Jun. 2023 is calculated as:
* 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.
Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.
Paycor HCM Liabilities-to-Assets Related Terms
Thank you for viewing the detailed overview of Paycor HCM's Liabilities-to-Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Paycor HCM provides payroll and human capital management solutions to small and midsize clients in the United States via a software-as-a-service model. Alongside core payroll functionality, the firm's platform offers a suite of HCM solutions including talent management and time and attendance software, third-party integration capabilities, and industry-specific configurations. The firm targets customers with 10-1,000 employees and had over 30,000 customers as of June 2023.
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