PCTYNEUTRAL

PCTY Current Ratio Analysis

1.08x

Higher than 21% of Technology sector peers

Updated 240h ago·SEC filings & market data

Key Takeaway

The current ratio of 1.08x means PCTY has $1.08 in current assets for every $1.00 of short-term liabilities, a measure of its ability to pay near-term obligations.

Sector Performance

21th percentile

PCTY

1.08x

Sector Median

1.96x

Sector Avg

10.67x

Prior Period

0.13x(May 2026)

↑ Improving

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Deep Analysis

The current ratio of 1.08x means PCTY has $1.08 in current assets for every $1.00 of short-term liabilities, a measure of its ability to pay near-term obligations.

This sits well below the sector median of 1.91x, placing PCTY in the 21st percentile among Technology peers. Trend data is limited: the year-over-year change is not available, but the quarter-over-quarter change shows a sharp increase of +730.8% from the prior quarter’s 0.13x. That jump indicates a recent dramatic improvement in liquidity, though the absolute level remains low compared to industry norms. The combination of a below-median ratio and a strong upward trend suggests reduced short-term risk relative to recently but still warrants caution on liquidity versus peers. This metric does not strongly contradict the NEUTRAL verdict—the low absolute level reinforces caution, while the rapid improvement tempers downside risk.

Frequently Asked Questions

What does the Current Ratio tell investors about PCTY?

Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.

How is the Current Ratio calculated?

Current Ratio is calculated as: Current Assets / Current Liabilities.

How does PCTY's Current Ratio compare to its sector?

PCTY's Current Ratio of 1.08x compares to a Technology sector median of 1.96x, placing it in the 21th percentile.

Who are PCTY's closest peers by Current Ratio?

The closest Technology peers by Current Ratio include: ASAN (1.15x), ORCL (1.12x), UBER (1.07x), SAP (1.07x), AAPL (1.07x).

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Learn More About Current Ratio

Why Working Capital Management Matters More Than You Think

Working capital is more than current assets minus liabilities. Learn why working capital matters for liquidity, efficiency, and competitive advantage, with real data from AMZN, COST, HD, and XOM.

The Formula

Current Assets / Current Liabilities

Why It Matters

Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.