Paychex (MEX:PAYX) Effective Interest Rate on Debt % : 10.51% (As of Feb. 2025)

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What is Paychex Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Paychex's annualized positive value of Interest Expense for the quarter that ended in Feb. 2025 was MXN1,855 Mil. Paychex's average total debt for the quarter that ended in Feb. 2025 was MXN17,656 Mil. Therefore, Paychex's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2025 was 10.51%.

Paychex Effective Interest Rate on Debt % Historical Data

The historical data trend for Paychex's Effective Interest Rate on 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.

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Paychex Effective Interest Rate on Debt % Chart

Paychex Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Effective Interest Rate on Debt %

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4.80

3.77

4.09

3.98

4.21

Paychex Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.52	4.37	4.76	4.47	10.51

Competitive Comparison of Paychex's Effective Interest Rate on Debt %

For the Software - Application subindustry, Paychex's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on 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's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Paychex's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Paychex's Effective Interest Rate on Debt % falls into.

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Paychex Effective Interest Rate on Debt % Calculation

Paychex's annualized Effective Interest Rate on Debt % for the fiscal year that ended in May. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: May. 2023 )	+	Total Debt (A: May. 2024 ))	/ count )
=	-1 * -633.876	/	( (15365.136	+	14721.902)	/ 2 )
=	-1 * -633.876	/	15043.519
=	4.21 %

where

	Total Debt (A: May. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15184.098	+	181.038
=	15365.136

	Total Debt (A: May. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14404.114	+	317.788
=	14721.902

Paychex's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2024 )	+	Total Debt (Q: Feb. 2025 ))	/ count )
=	-1 * -1855.496	/	( (17584.507	+	17727.788)	/ 2 )
=	-1 * -1855.496	/	17656.1475
=	10.51 %

where

	Total Debt (Q: Nov. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17213.577	+	370.93
=	17584.507

	Total Debt (Q: Feb. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17366.541	+	361.247
=	17727.788

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Feb. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Paychex (MEX:PAYX) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Paychex Effective Interest Rate on Debt % Related Terms

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Paychex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Paychex Inc (MEX:PAYX) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

PAYX:USA 0KGE:UK PCX:Germany P1AY34:Brazil PAYX:Austria

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, founded in 1971, services over 745,000 clients and pays 1 in 12 US 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.