Paychex Inc (PAYX) — Cash Flow-to-Debt Ratio
Paychex Inc (PAYX) has a Cash Flow-to-Debt Ratio of 0.04x as of November 2025, meaning its operating cash flow of $444.90 Million could theoretically repay 0% of its total liabilities ($12.64 Billion) in one year. See cash generation quality of Paychex Inc to measure how efficiently the company converts operating cash flow to free cash.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Paychex Inc Cash Flow-to-Debt Ratio (1990–2025)
Historical debt coverage capacity for Paychex Inc across 36 annual periods. Also explore net asset growth rate of Paychex Inc to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Paychex Inc (1990–2025)
Year-by-year debt coverage analysis for Paychex Inc. For market capitalisation and broader financial context, see PAYX market cap.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 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 | — |