Paychex (NAS:PAYX) Total Current Liabilities

: $5,958 Mil (As of Feb. 2023)

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Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Paychex's total current liabilities for the quarter that ended in Feb. 2023 was $5,958

Paychex Total Current Liabilities Historical Data

The historical data trend for Paychex's Total Current Liabilities 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 Annual Data

Trend May13 May14 May15 May16 May17 May18 May19 May20 May21 May22

Total Current Liabilities
5,296.70 4,845.00 4,426.90 4,938.20 5,269.20

Paychex Quarterly Data

May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23

Total Current Liabilities 5,687.90 5,269.20 4,702.20 4,753.90 5,958.10

Paychex Total Current Liabilities Calculation

Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.

Paychex's Total Current Liabilities for the fiscal year that ended in May. 2022 is calculated as

Total Current Liabilities = Accounts Payable & Accrued Expense + Short-Term Debt & Capital Lease Obligation

= 105.7 + 8.7

+ Other Current Liabilities + Current Deferred Liabilities

= 5116.4 + 38.4

= 5,269

Paychex's Total Current Liabilities for the quarter that ended in Feb. 2023 is calculated as

Total Current Liabilities = Accounts Payable & Accrued Expense + Short-Term Debt & Capital Lease Obligation

= 122.5 + 10.2

+ Other Current Liabilities + Current Deferred Liabilities

= 5781.6 + 43.8

= 5,958

* 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.

The increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company's cash and contribute positively to cash flow.

Total Current Liabilities is linked to Total Current Assets through the Current Ratio and Working Capital. The Current Ratio is equal to dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations. Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term.

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

Paychex Total Current Liabilities Related Terms
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Paychex (NAS:PAYX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Paychex Inc (NAS:PAYX) » Definitions » Total Current Liabilities

Comparable Companies

NYSE:RHI NAS:BZ NYSE:TNET NYSE:NSP NYSE:MAN NYSE:KFY NYSE:ZIP NAS:KFRC NAS:UPWK NYSE:HRT NAS:ADP TSE:6098 XAMS:RAND XSWX:ADEN TSE:2181 TSE:6028 LSE:HAS SHSE:600861 LSE:PAGE TSE:2412

Traded in Other Exchanges

PAYX:Mexico PCX:Germany P1AY34:Brazil

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 730,000 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

Kevin A Price director 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625

Karen E. Saunders-mcclendon officer: VP, Chief Human Resources Offi 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625

Robert L. Schrader officer: VP/Controller 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625

Kara Wilson director C/O SUCCESSFACTORS, INC., 1500 FASHION ISLAND BLVD., SUITE 300, SAN MATEO CA 94404

Tom Bonadio director 1021 HOWARD AVE, SAN CARLOS CA 94070

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

Kevin N Hill officer: Vice President 50 WREN FIELD LN, PITTSFORD NY 114534

Michael E Gioja officer: Sr. Vice President 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625

Rebecca F Bernson officer: Sr. Vice President, Sales 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625

Efrain Rivera officer: Sr. Vice President, CFO 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625

Laurie L. Zaucha officer: Vice President 400 WILLOWBROOK OFFICE PARK, FAIRPORT NY 14450

Joseph Doody director CASELLA WASTE SYSTEMS INC, 25 GREENS HILL LANE PO BOX 866, RUTLAND VT 05701

Delbert M Humenik officer: Sr. Vice President 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625

Jennifer R. Vossler officer: VP/Controller 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625

Paychex (NAS:PAYX) Headlines

From GuruFocus

Wage Inflation for U.S. Small Business Continues to Decline; Rate of Small Business Hiring Remains Strong
By PRNewswire 01-31-2023

Paychex Declares Quarterly Dividend
By Business Wire 10-13-2022

Paychex Expands Board, Appoints President and CEO John B. Gibson, Jr.
By PRNewswire 10-14-2022

Martin Mucci of Paychex to Retire as CEO, Remains Chairman
By Business Wire 08-24-2022

Paychex, Inc. Schedules Second Quarter Fiscal 2023 Earnings Conference Call for December 22, 2022
By Business Wire 12-08-2022

New Paychex Research Shows Growing Importance of Technology and Training to Support Remote and Hybrid Workers
By PRNewswire 07-13-2022

Paychex Expands Board of Directors, Appoints New Member
By PRNewswire 01-24-2023

Paychex Flex� Earns HR Tech Award from Lighthouse Research & Advisory
By PRNewswire 07-15-2022

Paychex Awarded IDC 2022 SaaS Customer Satisfaction Award
By PRNewswire 11-28-2022

Business Leaders Optimistic for 2023 According to Paychex Survey
By PRNewswire 01-18-2023

Other Sources

Here's Why Investors Should Buy Paychex (PAYX) Stock Now
By Yahoo Finance 2023-01-19

Paychex Report: We Believe We Must Be Intentional About Diversity, Equity, and Inclusion
By Yahoo Finance 2023-01-26

Paychex Recognizes the Fundamental Principle That Good Corporate Governance Is Critical to Organizational Success and the Protection of Stockholder Value
By Yahoo Finance 2023-01-19

Here's Why Investors Should Buy Paychex (PAYX) Stock Now
By Zacks 2023-01-19

3 Companies Carrying a Minimal Debt Burden
By Zacks 2023-01-17

3 Companies Boasting Strong Balance Sheets
By Zacks 2023-01-25

The Zacks Analyst Blog Highlights PepsiCo, Verizon Communications, Sanofi, Vale and Paychex
By Zacks 2023-01-20

CGEMY or PAYX: Which Is the Better Value Stock Right Now?
By Yahoo Finance 2023-01-13

At US$115, Is Paychex, Inc. (NASDAQ:PAYX) Worth Looking At Closely?
By Yahoo Finance 2023-01-27

Top Research Reports for PepsiCo, Verizon Communications & Sanofi
By Zacks 2023-01-19

CGEMY or PAYX: Which Is the Better Value Stock Right Now?
By Zacks 2023-01-30

Zacks Investment Ideas feature highlights: Ethan Allen Interiors, Paychex and Arista Networks
By Zacks 2023-01-26

Insperity (NSP) Gains 14.4% in the Past 6 Months: Here's How
By Zacks 2023-01-18

Paychex Wins 2023 BIG Innovation Award
By Yahoo Finance 2023-01-23

Here's Why You Should Retain Waste Connections (WCN) Now
By Zacks 2023-01-26

Paychex Quarterly Data
	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
Total Current Liabilities																5,687.90	5,269.20	4,702.20	4,753.90	5,958.10

Total Current Liabilities	=	Accounts Payable & Accrued Expense	+	Short-Term Debt & Capital Lease Obligation
	=	105.7	+	8.7
	+	Other Current Liabilities	+	Current Deferred Liabilities
	=	5116.4	+	38.4
	=	5,269

Kevin A Price	director	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Karen E. Saunders-mcclendon	officer: VP, Chief Human Resources Offi	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Robert L. Schrader	officer: VP/Controller	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Kara Wilson	director	C/O SUCCESSFACTORS, INC., 1500 FASHION ISLAND BLVD., SUITE 300, SAN MATEO CA 94404
Tom Bonadio	director	1021 HOWARD AVE, SAN CARLOS CA 94070
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
Kevin N Hill	officer: Vice President	50 WREN FIELD LN, PITTSFORD NY 114534
Michael E Gioja	officer: Sr. Vice President	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Rebecca F Bernson	officer: Sr. Vice President, Sales	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Efrain Rivera	officer: Sr. Vice President, CFO	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Laurie L. Zaucha	officer: Vice President	400 WILLOWBROOK OFFICE PARK, FAIRPORT NY 14450
Joseph Doody	director	CASELLA WASTE SYSTEMS INC, 25 GREENS HILL LANE PO BOX 866, RUTLAND VT 05701
Delbert M Humenik	officer: Sr. Vice President	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Jennifer R. Vossler	officer: VP/Controller	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625