Paychex Inc (PAYX)
122.67
+0.15
(+0.12%)
USD |
NASDAQ |
Apr 25, 12:48
Paychex Debt to Equity Ratio: 0.2181 for Feb. 29, 2024
Debt to Equity Ratio Chart
Historical Debt to Equity Ratio Data
| Date | Value |
|---|---|
| February 29, 2024 | 0.2181 |
| November 30, 2023 | 0.2304 |
| August 31, 2023 | 0.2263 |
| May 31, 2023 | 0.2314 |
| February 28, 2023 | 0.2377 |
| November 30, 2022 | 0.2521 |
| August 31, 2022 | 0.2576 |
| May 31, 2022 | 0.2614 |
| February 28, 2022 | 0.2454 |
| November 30, 2021 | 0.2585 |
| August 31, 2021 | 0.2643 |
| May 31, 2021 | 0.273 |
| February 28, 2021 | 0.2702 |
| November 30, 2020 | 0.2782 |
| August 31, 2020 | 0.289 |
| May 31, 2020 | 0.2883 |
| February 29, 2020 | 0.3072 |
| November 30, 2019 | 0.33 |
| August 31, 2019 | 0.3386 |
| May 31, 2019 | 0.304 |
| February 28, 2019 | 0.3286 |
| November 30, 2018 | 0.0236 |
| August 31, 2018 | 0.0238 |
| May 31, 2018 | 0.00 |
| February 28, 2018 | 0.0282 |
| Date | Value |
|---|---|
| November 30, 2017 | 0.0678 |
| August 31, 2017 | 0.0294 |
| May 31, 2017 | 0.00 |
| February 28, 2017 | 0.0292 |
| November 30, 2016 | 0.0568 |
| August 31, 2016 | 0.0258 |
| May 31, 2016 | 0.00 |
| February 29, 2016 | 0.00 |
| November 30, 2015 | 0.00 |
| August 31, 2015 | 0.00 |
| May 31, 2015 | 0.00 |
| February 28, 2015 | 0.00 |
| November 30, 2014 | 0.00 |
| August 31, 2014 | 0.00 |
| May 31, 2014 | 0.00 |
| February 28, 2014 | 0.00 |
| November 30, 2013 | 0.00 |
| August 31, 2013 | 0.00 |
| May 31, 2013 | 0.00 |
| February 28, 2013 | 0.00 |
| November 30, 2012 | 0.00 |
| August 31, 2012 | 0.00 |
| May 31, 2012 | 0.00 |
| February 29, 2012 | 0.00 |
| November 30, 2011 | 0.00 |
Debt to Equity Ratio Definition
The debt to equity ratio measures the (Long Term Debt + Current Portion of Long Term Debt) / Total Shareholders' Equity. This metric is useful when analyzing the health of a company's balance sheet.
Debt to Equity Ratio Range, Past 5 Years
0.2181
Minimum
Feb 2024
0.3386
Maximum
Aug 2019
0.2681
Average
0.2629
Median
Debt to Equity Ratio Benchmarks
| Automatic Data Processing Inc | 0.6922 |
| Cintas Corp | 0.5845 |
| Seafarer Exploration Corp | -1.027 |
| Cass Information Systems Inc | 0.00 |
| Resources Connection Inc | 0.00 |
Debt to Equity Ratio Related Metrics
| Total Assets (Quarterly) | 13.02B |
| Total Liabilities (Quarterly) | 9.277B |
| Shareholders Equity (Quarterly) | 3.747B |
| Current Ratio | 1.236 |
| Net Debt Paydown Yield | -0.00% |