Paychex (MEX:PAYX) Debt-to-Equity : 0.23 (As of Aug. 2024)

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What is Paychex Debt-to-Equity?

Paychex's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was MXN373 Mil. Paychex's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was MXN16,729 Mil. Paychex's Total Stockholders Equity for the quarter that ended in Aug. 2024 was MXN75,951 Mil. Paychex's debt to equity for the quarter that ended in Aug. 2024 was 0.23.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Paychex's Debt-to-Equity or its related term are showing as below:

MEX:PAYX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.27 Max: 0.38
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of Paychex was 0.38. The lowest was 0.02. And the median was 0.27.

MEX:PAYX's Debt-to-Equity is ranked worse than
51.15% of 2215 companies
in the Software industry
Industry Median: 0.21 vs MEX:PAYX: 0.23

Paychex Debt-to-Equity Historical Data

The historical data trend for Paychex's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Paychex Debt-to-Equity Chart

Paychex Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Debt-to-Equity

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0.32

0.30

0.29

0.25

0.23

Paychex Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Debt-to-Equity	Get a 7-Day Free Trial															0.24	0.25	0.23	0.23	0.23

Competitive Comparison of Paychex's Debt-to-Equity

For the Software - Application subindustry, Paychex's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Paychex's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Paychex's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Paychex's Debt-to-Equity falls into.

Paychex Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Paychex's Debt to Equity Ratio for the fiscal year that ended in May. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(317.788	+	14404.114)	/	64594.194
	=	0.23

Paychex's Debt to Equity Ratio for the quarter that ended in Aug. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(372.812	+	16729.204)	/	75951.1
	=	0.23

Paychex (MEX:PAYX) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Paychex Debt-to-Equity Related Terms

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Paychex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Paychex Inc (MEX:PAYX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PAYX:USA 0KGE:UK PCX:Germany

Address

911 Panorama Trail South, Rochester, NY, USA, 14625-2396

Website

https://www.paychex.com

Paychex is a leading provider of payroll, human capital management, and insurance solutions servicing small and midsize clients primarily in the United States. The company, established in 1979, services over 745,000 clients and pays over 1 in 12 U.S. private-sector workers. Alongside its traditional payroll services, Paychex offers HCM solutions such as benefits administration and time and attendance software, as well as human resources outsourcing and insurance agency services.