Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Paychex's cash to debt ratio for the quarter that ended in Feb. 2024 was 1.99.
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Paychex could pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.
The historical rank and industry rank for Paychex's Cash-to-Debt or its related term are showing as below:
PAYX'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.66 Med: 1.97 Max: No Debt
Current: 1.99
During the past 13 years, Paychex's highest Cash to Debt Ratio was No Debt. The lowest was 0.66. And the median was 1.97.
Paychex Cash-to-Debt Historical Data
The historical data trend for Paychex's Cash-to-Debt 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.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
|
Paychex Annual Data
|
|
Trend |
May14 |
May15 |
May16 |
May17 |
May18 |
May19 |
May20 |
May21 |
May22 |
May23 |
| Cash-to-Debt |
|
|
|
|
|
|
0.88 |
1.04 |
1.15 |
1.39 |
1.84 |
|
Paychex Quarterly Data
|
|
May19 |
Aug19 |
Nov19 |
Feb20 |
May20 |
Aug20 |
Nov20 |
Feb21 |
May21 |
Aug21 |
Nov21 |
Feb22 |
May22 |
Aug22 |
Nov22 |
Feb23 |
May23 |
Aug23 |
Nov23 |
Feb24 |
| Cash-to-Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.79 |
1.84 |
1.95 |
1.62 |
1.99 |
Competitive Comparison
For the Staffing & Employment Services subindustry, Paychex's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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 Cash-to-Debt Distribution
For the Business Services industry and Industrials sector, Paychex's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Paychex's Cash-to-Debt falls into.
Paychex Cash-to-Debt Calculation
This is the ratio of a company's
Cash, Cash Equivalents, Marketable Securities
to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.
Paychex's Cash to Debt Ratio for the fiscal year that ended in May. 2023 is calculated as:
Paychex's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:
* 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.
Paychex (Paychex) Business Description
Traded in Other Exchanges
Address
911 Panorama Trail South, Rochester, NY, USA, 14625-2396
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 740,000 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.
Executives
| Flaschen David J S |
director |
911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625 |
| Christopher C Simmons |
officer: VP, Controller & Treasurer |
911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625 |
| Michael E Gioja |
officer: Sr. Vice President |
911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625 |
| Efrain Rivera |
officer: Sr. Vice President, CFO |
911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625 |
| Martin Mucci |
officer: Sr. Vice President |
911 PANORAMA TRAIL S, ROCHESTER NY 14625 |
| Joseph M Tucci |
director |
EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748 |
| Joseph M Velli |
director |
|
| Elizabeth Roaldsen |
officer: Sr. Vice President |
911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625 |
| Karen E. Saunders-mcclendon |
officer: VP, Chief Human Resources Offi |
911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625 |
| Theresa M. Payton |
director |
911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625 |
| John B Gibson |
officer: Sr. VP, Service |
CONVERGYS CORPORATION, 201 EAST FOURTH STREET, CINCINNATI OH 45202 |
| Mark Anthony Bottini |
officer: Sr. VP of Sales |
911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625 |
| Robert L. Schrader |
officer: VP/Controller |
911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625 |
| Stephanie L Schaeffer |
officer: Chief Legal Officer |
911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625 |
| Joseph Doody |
director |
CASELLA WASTE SYSTEMS INC, 25 GREENS HILL LANE PO BOX 866, RUTLAND VT 05701 |
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