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
There's Reason For Concern Over Paychex, Inc.'s (NASDAQ:PAYX) Price
Nov 19
Capital Investment Trends At Paychex (NASDAQ:PAYX) Look Strong
Oct 14Paychex Q1: Did Not Put Me Over The Fence
Oct 02Is Paychex, Inc. (NASDAQ:PAYX) Potentially Undervalued?
Sep 21Paychex: Steady But Unspectacular Returns Likely
Sep 12Does Paychex (NASDAQ:PAYX) Deserve A Spot On Your Watchlist?
Aug 27Paychex: A Reliable Buy For Growing Dividend Checks Now
Aug 21Paychex, Inc. (NASDAQ:PAYX) Shares Could Be 33% Below Their Intrinsic Value Estimate
Aug 15Here's What Paychex's (NASDAQ:PAYX) Strong Returns On Capital Mean
Jul 11Paychex: A Model Of Consistency
Jul 07Paychex, Inc. (NASDAQ:PAYX) Annual Results: Here's What Analysts Are Forecasting For This Year
Jun 28Paychex: Uncertainties Ahead Are Keeping Me On The Sidelines
Jun 21Is Now The Time To Look At Buying Paychex, Inc. (NASDAQ:PAYX)?
Jun 03Paychex (NASDAQ:PAYX) Will Pay A Larger Dividend Than Last Year At $0.98
May 04Here's Why We Think Paychex (NASDAQ:PAYX) Might Deserve Your Attention Today
Apr 28Paychex: 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 04Paychex (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 16Financial Position Analysis
Short Term Liabilities: PAYX's short term assets ($7.4B) exceed its short term liabilities ($5.3B).
Long Term Liabilities: PAYX's short term assets ($7.4B) 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 33.9% to 21.2% over the past 5 years.
Debt Coverage: PAYX's debt is well covered by operating cash flow (214.1%).
Interest Coverage: PAYX earns more interest than it pays, so coverage of interest payments is not a concern.