Paychex Inc (PAYX) — Cash Flow-to-Debt Ratio
Paychex Inc (PAYX) has a Cash Flow-to-Debt Ratio of 0.05x as of May 2026, meaning its operating cash flow of $580.90 Million could theoretically repay 0% of its total liabilities ($12.44 Billion) in one year. See Paychex Inc (PAYX) financial flexibility to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Paychex Inc Cash Flow-to-Debt Ratio (1990–2026)
Historical debt coverage capacity for Paychex Inc across 37 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of Paychex Inc.
Annual Cash Flow-to-Debt Ratio for Paychex Inc (1990–2026)
Year-by-year debt coverage analysis for Paychex Inc. Check PAYX cash to earnings ratio to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2026 | 0.21x | $2.56 Billion | $12.44 Billion | ▲ +31.0% |
| 2025 | 0.16x | $1.95 Billion | $12.44 Billion | ▼ -45.6% |
| 2024 | 0.29x | $1.90 Billion | $6.58 Billion | ▲ +19.7% |
| 2023 | 0.24x | $1.70 Billion | $7.05 Billion | ▲ +4.8% |
| 2022 | 0.23x | $1.51 Billion | $6.55 Billion | ▲ +14.5% |
| 2021 | 0.20x | $1.26 Billion | $6.28 Billion | ▼ -19.6% |
| 2020 | 0.25x | $1.44 Billion | $5.77 Billion | ▲ +19.1% |
| 2019 | 0.21x | $1.27 Billion | $6.06 Billion | ▼ -8.7% |
| 2018 | 0.23x | $1.28 Billion | $5.56 Billion | ▲ +16.6% |
| 2017 | 0.20x | $960.40 Million | $4.88 Billion | ▼ -12.4% |
| 2016 | 0.22x | $1.02 Billion | $4.53 Billion | ▲ +18.0% |
| 2015 | 0.19x | $895.20 Million | $4.70 Billion | ▼ -0.6% |
| 2014 | 0.19x | $880.90 Million | $4.59 Billion | ▲ +24.7% |
| 2013 | 0.15x | $675.30 Million | $4.39 Billion | ▲ +6.1% |
| 2012 | 0.14x | $706.60 Million | $4.88 Billion | ▼ -21.0% |
| 2011 | 0.18x | $715.30 Million | $3.90 Billion | ▲ +14.9% |
| 2010 | 0.16x | $610.92 Million | $3.82 Billion | ▼ -12.2% |
| 2009 | 0.18x | $688.77 Million | $3.79 Billion | ▲ +3.3% |
| 2008 | 0.18x | $724.67 Million | $4.11 Billion | ▲ +19.9% |
| 2007 | 0.15x | $631.23 Million | $4.29 Billion | ▲ +0.6% |
| 2006 | 0.15x | $569.23 Million | $3.89 Billion | ▼ -6.5% |
| 2005 | 0.16x | $467.86 Million | $2.99 Billion | ▲ +10.2% |
| 2004 | 0.14x | $390.09 Million | $2.75 Billion | ▼ -0.8% |
| 2003 | 0.14x | $373.71 Million | $2.61 Billion | ▼ -4.5% |
| 2002 | 0.15x | $303.82 Million | $2.03 Billion | ▲ +5.5% |
| 2001 | 0.14x | $304.94 Million | $2.15 Billion | ▲ +7.8% |
| 2000 | 0.13x | $249.03 Million | $1.89 Billion | ▲ +8.7% |
| 1999 | 0.12x | $174.10 Million | $1.44 Billion | ▲ +8.0% |
| 1998 | 0.11x | $136.80 Million | $1.22 Billion | ▲ +4.6% |
| 1997 | 0.11x | $101.80 Million | $949.80 Million | ▼ -94.7% |
| 1996 | 2.04x | $59.90 Million | $29.40 Million | ▲ +20.7% |
| 1995 | 1.69x | $48.10 Million | $28.50 Million | ▲ +5.1% |
| 1994 | 1.61x | $34.20 Million | $21.30 Million | ▲ +18.5% |
| 1993 | 1.35x | $29.40 Million | $21.70 Million | ▲ +5.7% |
| 1992 | 1.28x | $24.10 Million | $18.80 Million | ▲ +29.8% |
| 1991 | 0.99x | $15.70 Million | $15.90 Million | ▲ +1.5% |
| 1990 | 0.97x | $14.50 Million | $14.90 Million | — |