Paychex, Inc.

NasdaqGS:PAYX Stock Report

Market Cap: US$40.3b

Paychex Balance Sheet Health

Financial Health criteria checks 4/6

Paychex has a total shareholder equity of $4.0B and total debt of $5.0B, which brings its debt-to-equity ratio to 125.1%. Its total assets and total liabilities are $16.7B and $12.7B respectively. Paychex's EBIT is $2.3B making its interest coverage ratio 25.4. It has cash and short-term investments of $1.7B.

Key information

125.14%

Debt to equity ratio

US$4.97b

Debt

Interest coverage ratio25.4x
CashUS$1.67b
EquityUS$3.97b
Total liabilitiesUS$12.69b
Total assetsUS$16.66b

Recent financial health updates

No updates

Recent updates

Paychex: Pick Up This Undervalued Dividend Growth Gem Now

Oct 31

Investor Optimism Abounds Paychex, Inc. (NASDAQ:PAYX) But Growth Is Lacking

Sep 02
Investor Optimism Abounds Paychex, Inc. (NASDAQ:PAYX) But Growth Is Lacking

The Returns On Capital At Paychex (NASDAQ:PAYX) Don't Inspire Confidence

Aug 04
The Returns On Capital At Paychex (NASDAQ:PAYX) Don't Inspire Confidence

Calculating The Intrinsic Value Of Paychex, Inc. (NASDAQ:PAYX)

Jul 11
Calculating The Intrinsic Value Of Paychex, Inc. (NASDAQ:PAYX)

Here's Why We Think Paychex (NASDAQ:PAYX) Might Deserve Your Attention Today

Jun 18
Here's Why We Think Paychex (NASDAQ:PAYX) Might Deserve Your Attention Today

Paychex's (NASDAQ:PAYX) Upcoming Dividend Will Be Larger Than Last Year's

May 07
Paychex's (NASDAQ:PAYX) Upcoming Dividend Will Be Larger Than Last Year's

Capital Investment Trends At Paychex (NASDAQ:PAYX) Look Strong

Apr 21
Capital Investment Trends At Paychex (NASDAQ:PAYX) Look Strong

Why Paychex, Inc. (NASDAQ:PAYX) Could Be Worth Watching

Apr 07
Why Paychex, Inc. (NASDAQ:PAYX) Could Be Worth Watching

Paychex: Accelerating Growth With Paycor

Mar 24

Here's Why Paychex (NASDAQ:PAYX) Has Caught The Eye Of Investors

Mar 17
Here's Why Paychex (NASDAQ:PAYX) Has Caught The Eye Of Investors

A Look At The Intrinsic Value Of Paychex, Inc. (NASDAQ:PAYX)

Mar 03
A Look At The Intrinsic Value Of Paychex, Inc. (NASDAQ:PAYX)

Paychex Inc: The Paycor Acquisition Could Be A Game Changer

Jan 25

Investors Shouldn't Overlook The Favourable Returns On Capital At Paychex (NASDAQ:PAYX)

Jan 14
Investors Shouldn't Overlook The Favourable Returns On Capital At Paychex (NASDAQ:PAYX)

Paychex Writes A Fat Check For Paycor HCM

Jan 08

Is Now The Time To Look At Buying Paychex, Inc. (NASDAQ:PAYX)?

Jan 02
Is Now The Time To Look At Buying Paychex, Inc. (NASDAQ:PAYX)?

Paychex: Payrolling In Profits, But Valuation Could Use A Check

Dec 20

With EPS Growth And More, Paychex (NASDAQ:PAYX) Makes An Interesting Case

Dec 13
With EPS Growth And More, Paychex (NASDAQ:PAYX) Makes An Interesting Case

There's Reason For Concern Over Paychex, Inc.'s (NASDAQ:PAYX) Price

Nov 19
There's Reason For Concern Over Paychex, Inc.'s (NASDAQ:PAYX) Price

Paychex Q1: Did Not Put Me Over The Fence

Oct 02

Paychex: Steady But Unspectacular Returns Likely

Sep 12

Paychex: A Reliable Buy For Growing Dividend Checks Now

Aug 21

Paychex: A Model Of Consistency

Jul 07

Paychex: Uncertainties Ahead Are Keeping Me On The Sidelines

Jun 21

Financial Position Analysis

Short Term Liabilities: PAYX's short term assets ($9.0B) exceed its short term liabilities ($7.1B).

Long Term Liabilities: PAYX's short term assets ($9.0B) exceed its long term liabilities ($5.6B).

Debt to Equity History and Analysis

Debt Level: PAYX's net debt to equity ratio (83.1%) is considered high.

Reducing Debt: PAYX's debt to equity ratio has increased from 28.9% to 125.1% over the past 5 years.

Debt Coverage: PAYX's debt is well covered by operating cash flow (41.7%).

Interest Coverage: PAYX's interest payments on its debt are well covered by EBIT (25.4x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/17 05:07
End of Day Share Price 2025/11/14 00:00
Earnings2025/08/31
Annual Earnings2025/05/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Paychex, Inc. is covered by 34 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullArgus Research Company
Mark MarconBaird
Daniel JesterBMO Capital Markets Equity Research