Paychex Inc (PAYX)

Debt-to-equity 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 stockholders’ equity US$ in thousands 4,128,000 4,116,600 3,925,700 3,850,400 3,801,000 3,747,100 3,524,400 3,587,800 3,493,200 3,401,100 3,205,300 3,137,400 3,085,200 3,286,000 3,119,800 3,043,500 2,948,000 2,976,400 2,889,700 2,778,600
Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $4,128,000K
= 0.00

The data indicates that Paychex Inc has maintained a debt-to-equity ratio of zero across all reported periods from August 31, 2020, through May 31, 2025. This consistent figure suggests that the company has not reported any long-term or short-term debt during this timeframe, implying a capital structure entirely based on equity without reliance on debt financing. Such a financial profile indicates a conservative approach to leverage, potentially reflecting a strategic choice to avoid debt-related liabilities and interest obligations. This zero debt-to-equity ratio underscores a potentially strong equity position and a low financial risk profile, though it may also limit opportunities for leveraging debt to fund expansion or other strategic initiatives.