GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Paychex Inc (NAS:PAYX) » Definitions » Equity-to-Asset

Paychex (Paychex) Equity-to-Asset : 0.37 (As of May. 2024)


View and export this data going back to 1983. Start your Free Trial

What is Paychex Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Paychex's Total Stockholders Equity for the quarter that ended in May. 2024 was $3,801 Mil. Paychex's Total Assets for the quarter that ended in May. 2024 was $10,383 Mil. Therefore, Paychex's Equity to Asset Ratio for the quarter that ended in May. 2024 was 0.37.

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

PAYX' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.28   Med: 0.31   Max: 0.37
Current: 0.37

During the past 13 years, the highest Equity to Asset Ratio of Paychex was 0.37. The lowest was 0.28. And the median was 0.31.

PAYX's Equity-to-Asset is ranked worse than
67.22% of 1089 companies
in the Business Services industry
Industry Median: 0.5 vs PAYX: 0.37

Paychex Equity-to-Asset Historical Data

The historical data trend for Paychex's Equity-to-Asset 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.

* Premium members only.

Paychex Equity-to-Asset Chart

Paychex Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.33 0.32 0.32 0.33 0.37

Paychex Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.33 0.29 0.29 0.29 0.37

Competitive Comparison of Paychex's Equity-to-Asset

For the Staffing & Employment Services subindustry, Paychex's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Paychex's Equity-to-Asset distribution charts can be found below:

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



Paychex Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

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

Equity to Asset (A: May. 2024 )=Total Stockholders Equity/Total Assets
=3801/10383.1
=0.37

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

Equity to Asset (Q: May. 2024 )=Total Stockholders Equity/Total Assets
=3801/10383.1
=0.37

* 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  (NAS:PAYX) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Paychex Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Paychex's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


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

Paychex (Paychex) Headlines

From GuruFocus

Q2 2024 Paychex Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q4 2019 Paychex Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q2 2020 Paychex Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Paychex Inc Annual Shareholders Meeting Transcript

By GuruFocus Research 01-23-2024

Q2 2021 Paychex Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q3 2021 Paychex Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q4 2023 Paychex Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q4 2020 Paychex Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q3 2020 Paychex Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024