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
Paychex: Scoop Up This Dividend Growth Stock Now
Apr 10Paychex, Inc. (NASDAQ:PAYX) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
Apr 04
Paychex (NASDAQ:PAYX) Might Become A Compounding Machine
Apr 02Are Investors Undervaluing Paychex, Inc. (NASDAQ:PAYX) By 29%?
Mar 21Paychex: A Wonderful Business, But Waiting For A Better Entry Point
Mar 21Should You Think About Buying Paychex, Inc. (NASDAQ:PAYX) Now?
Feb 14Paychex: A Dividend Grower Priced At A Discount
Feb 12Paychex, Inc. (NASDAQ:PAYX) Investors Are Less Pessimistic Than Expected
Jan 21Paychex, Inc.: Cash Generating Machine Trading At Cheap Valuation
Jan 17Capital Investments At Paychex (NASDAQ:PAYX) Point To A Promising Future
Dec 27Here's Why Paychex (NASDAQ:PAYX) Has Caught The Eye Of Investors
Dec 15An Intrinsic Calculation For Paychex, Inc. (NASDAQ:PAYX) Suggests It's 24% Undervalued
Oct 20Capital Investments At Paychex (NASDAQ:PAYX) Point To A Promising Future
Sep 26With EPS Growth And More, Paychex (NASDAQ:PAYX) Makes An Interesting Case
Sep 13At US$122, Is It Time To Put Paychex, Inc. (NASDAQ:PAYX) On Your Watch List?
Aug 30Calculating The Intrinsic Value Of Paychex, Inc. (NASDAQ:PAYX)
Jul 16Paychex (NASDAQ:PAYX) Will Want To Turn Around Its Return Trends
Jun 19Here's Why Paychex (NASDAQ:PAYX) Has Caught The Eye Of Investors
Jun 07Should You Think About Buying Paychex, Inc. (NASDAQ:PAYX) Now?
May 01Calculating The Fair Value Of Paychex, Inc. (NASDAQ:PAYX)
Apr 06Returns On Capital At Paychex (NASDAQ:PAYX) Paint A Concerning Picture
Mar 13Here's Why We Think Paychex (NASDAQ:PAYX) Might Deserve Your Attention Today
Feb 27Estimating The Fair Value Of Paychex, Inc. (NASDAQ:PAYX)
Jan 04Returns On Capital At Paychex (NASDAQ:PAYX) Paint A Concerning Picture
Dec 10Here's Why We Think Paychex (NASDAQ:PAYX) Might Deserve Your Attention Today
Nov 16Paychex declares $0.79 dividend
Oct 13Paychex Q1 2023 Earnings Preview
Sep 27Paychex, Inc.'s (NASDAQ:PAYX) Intrinsic Value Is Potentially 33% Above Its Share Price
Sep 26Paychex: Expensive Stock, But The Options Market And Chart Present A Bullish Opportunity
Sep 13Should You Investigate Paychex, Inc. (NASDAQ:PAYX) At US$127?
Sep 12Paychex CEO Martin Mucci to retire
Aug 24With EPS Growth And More, Paychex (NASDAQ:PAYX) Makes An Interesting Case
Aug 18Returns On Capital At Paychex (NASDAQ:PAYX) Paint A Concerning Picture
Aug 03Paychex declares $0.79 dividend
Jul 14Financial Position Analysis
Short Term Liabilities: PAYX's short term assets ($9.9B) exceed its short term liabilities ($8.0B).
Long Term Liabilities: PAYX's short term assets ($9.9B) exceed its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: PAYX has more cash than its total debt.
Reducing Debt: PAYX's debt to equity ratio has reduced from 32.9% to 21.8% over the past 5 years.
Debt Coverage: PAYX's debt is well covered by operating cash flow (255.3%).
Interest Coverage: PAYX earns more interest than it pays, so coverage of interest payments is not a concern.