Paychex Inc (PAYX)

Debt-to-capital ratio

May 31, 2025 May 31, 2024 May 31, 2023 May 31, 2022 May 31, 2021
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 4,128,000 3,801,000 3,493,200 3,085,200 2,948,000
Debt-to-capital ratio 0.00 0.00 0.00 0.00 0.00

May 31, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $4,128,000K)
= 0.00

The debt-to-capital ratio of Paychex Inc remains consistently at 0.00 across the reported periods from May 31, 2021, through May 31, 2025. This indicates that the company has not reported any debt in its capital structure during this timeframe. A debt-to-capital ratio of zero suggests that Paychex Inc has financed its operations entirely through equity or other non-debt instruments, reflecting a capital structure devoid of traditional debt obligations. The absence of debt exposure aligns with a conservative financial position, potentially reducing financial risk and interest liabilities. Overall, the data demonstrates that Paychex Inc maintains a debt-free capital structure over the observed period.