Paychex Inc (PAYX)
Debt-to-assets ratio
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 16,564,100 | 10,383,100 | 10,546,400 | 9,635,200 | 9,227,200 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
May 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $16,564,100K
= 0.00
The debt-to-assets ratio for Paychex Inc. consistently remains at zero across the years from May 31, 2021, through May 31, 2025. This indicates that, according to the reported data, the company has not reported any debt relative to its total assets during this period. Such a persistent ratio of zero suggests that Paychex Inc. maintains a debt-free financial structure, relying predominantly on equity or other non-debt financing sources to fund its operations and assets. This consistent lack of debt contributions implies a conservative financial strategy and potentially a strong liquidity position, minimizing leverage-related risks.