Paychex Balance Sheet Health
Financial Health criteria checks 6/6
Paychex has a total shareholder equity of $3.7B and total debt of $817.3M, which brings its debt-to-equity ratio to 21.8%. Its total assets and total liabilities are $13.0B and $9.3B respectively. Paychex's EBIT is $2.1B making its interest coverage ratio -50.2. It has cash and short-term investments of $1.7B.
Key information
21.8%
Debt to equity ratio
US$817.30m
Debt
Interest coverage ratio | -50.2x |
Cash | US$1.73b |
Equity | US$3.75b |
Total liabilities | US$9.28b |
Total assets | US$13.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PCX's short term assets ($9.9B) exceed its short term liabilities ($8.0B).
Long Term Liabilities: PCX's short term assets ($9.9B) exceed its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: PCX has more cash than its total debt.
Reducing Debt: PCX's debt to equity ratio has reduced from 32.9% to 21.8% over the past 5 years.
Debt Coverage: PCX's debt is well covered by operating cash flow (255.3%).
Interest Coverage: PCX earns more interest than it pays, so coverage of interest payments is not a concern.