Paychex Balance Sheet Health
Financial Health criteria checks 6/6
Paychex has a total shareholder equity of $3.9B and total debt of $817.6M, which brings its debt-to-equity ratio to 21.2%. Its total assets and total liabilities are $10.5B and $6.6B respectively. Paychex's EBIT is $2.2B making its interest coverage ratio -50.1. It has cash and short-term investments of $1.5B.
Key information
21.2%
Debt to equity ratio
US$817.60m
Debt
| Interest coverage ratio | -50.1x |
| Cash | US$1.50b |
| Equity | US$3.85b |
| Total liabilities | US$6.64b |
| Total assets | US$10.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0KGE's short term assets ($7.4B) exceed its short term liabilities ($5.3B).
Long Term Liabilities: 0KGE's short term assets ($7.4B) exceed its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: 0KGE has more cash than its total debt.
Reducing Debt: 0KGE's debt to equity ratio has reduced from 33.9% to 21.2% over the past 5 years.
Debt Coverage: 0KGE's debt is well covered by operating cash flow (214.1%).
Interest Coverage: 0KGE earns more interest than it pays, so coverage of interest payments is not a concern.