Paychex Inc (PAYX)
Debt-to-assets ratio
| May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 16,564,100 | 11,221,600 | 10,554,700 | 10,489,100 | 10,383,100 | 13,023,900 | 12,052,100 | 12,200,000 | 10,546,400 | 10,603,600 | 9,214,300 | 9,125,900 | 9,635,200 | 10,283,700 | 9,688,100 | 9,367,300 | 9,227,200 | 9,665,900 | 8,615,400 | 8,376,900 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 data on Paychex Inc.'s debt-to-assets ratio from August 31, 2020, through May 31, 2025, consistently indicates a ratio of zero. This persistent zero value suggests that the company maintains an extremely conservative capital structure with no reported debt compared to its total assets during this period. Such a consistently zero debt-to-assets ratio implies that Paychex Inc. has, throughout these years, financed its assets entirely through equity and retained earnings, with no reliance on debt financing. This financial strategy could reflect a low financial risk profile, a strong liquidity position, or effective management of leverage. It is also possible that the company's use of debt is minimal or negligible, shaping a sound financial stability and indicating a conservative approach towards leveraging liabilities.