Paychex Inc (PAYX) — Defensive Interval Ratio
Paychex Inc (PAYX) has a Defensive Interval Ratio of 120 days as of May 2026. Defensive assets of $2.24 Billion (cash $-, short-term investments $36.30 Million, receivables $2.21 Billion) cover 120 days of daily cash needs of $18.74 Million/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Paychex Inc Defensive Interval Ratio (1986–2026)
This chart shows how Paychex Inc's Defensive Interval Ratio has evolved across 41 annual periods from 1986 to 2026. As of May 2026, the ratio stands at 120 days, meaning defensive assets of $2.24 Billion can fund 120 days of operations without new revenue. For the complete balance sheet picture, see PAYX current and non-current assets.
Annual Defensive Interval Ratio for Paychex Inc (1986–2026)
The table below presents the year-by-year Defensive Interval Ratio for Paychex Inc from 1986 to 2026, covering 41 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. See PAYX net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2026 | 120 days | $2.24 Billion | $18.74 Million/day | $- | $36.30 Million | ▲ +14 days |
| 2025 | 105 days | $2.01 Billion | $19.06 Million/day | $- | $34.50 Million | ▼ -9 days |
| 2024 | 114 days | $1.66 Billion | $14.55 Million/day | $- | $33.90 Million | ▲ +1 days |
| 2023 | 113 days | $1.80 Billion | $15.91 Million/day | $- | $373.40 Million | ▼ -37 days |
| 2022 | 150 days | $2.17 Billion | $14.44 Million/day | $- | $853.90 Million | ▲ +70 days |
| 2021 | 81 days | $1.09 Billion | $13.53 Million/day | $- | $36.70 Million | ▲ +13 days |
| 2020 | 67 days | $817.50 Million | $12.13 Million/day | $- | $27.20 Million | ▲ +0 days |
| 2019 | 67 days | $893.20 Million | $13.27 Million/day | $- | $39.00 Million | ▲ +27 days |
| 2018 | 41 days | $590.60 Million | $14.51 Million/day | $- | $66.00 Million | ▼ -12 days |
| 2017 | 53 days | $682.20 Million | $12.95 Million/day | $- | $138.80 Million | ▼ -3 days |
| 2016 | 56 days | $665.30 Million | $11.96 Million/day | $- | $220.60 Million | ▲ +9 days |
| 2015 | 46 days | $581.10 Million | $12.53 Million/day | $- | $366.60 Million | ▼ -2 days |
| 2014 | 48 days | $584.40 Million | $12.16 Million/day | $- | $398.70 Million | ▼ 0 days |
| 2013 | 48 days | $564.00 Million | $11.69 Million/day | $- | $398.20 Million | ▲ +19 days |
| 2012 | 29 days | $380.50 Million | $13.00 Million/day | $- | $207.50 Million | ▼ -22 days |
| 2011 | 52 days | $535.50 Million | $10.38 Million/day | $- | $345.00 Million | ▲ +23 days |
| 2010 | 29 days | $297.75 Million | $10.25 Million/day | $- | $82.50 Million | ▲ +7 days |
| 2009 | 22 days | $225.39 Million | $10.14 Million/day | $- | $19.71 Million | ▼ -18 days |
| 2008 | 40 days | $447.85 Million | $11.06 Million/day | $- | $228.73 Million | ▼ -24 days |
| 2007 | 65 days | $751.67 Million | $11.61 Million/day | $- | $511.77 Million | ▲ +1 days |
| 2006 | 64 days | $667.98 Million | $10.52 Million/day | $- | $440.01 Million | ▼ -13 days |
| 2005 | 77 days | $619.62 Million | $8.06 Million/day | $- | $426.67 Million | ▲ +15 days |
| 2004 | 62 days | $462.68 Million | $7.46 Million/day | $- | $304.35 Million | ▼ 0 days |
| 2003 | 62 days | $442.63 Million | $7.09 Million/day | $- | $301.33 Million | ▼ -82 days |
| 2002 | 144 days | $798.48 Million | $5.54 Million/day | $- | $663.32 Million | ▲ +25 days |
| 2001 | 119 days | $697.14 Million | $5.87 Million/day | $- | $568.22 Million | ▼ -326 days |
| 2000 | 445 days | $2.30 Billion | $5.17 Million/day | $- | $2.19 Billion | ▲ +424 days |
| 1999 | 21 days | $81.00 Million | $3.92 Million/day | $- | $- | ▲ +0 days |
| 1998 | 20 days | $67.80 Million | $3.33 Million/day | $- | $- | ▼ -1 days |
| 1997 | 22 days | $56.00 Million | $2.59 Million/day | $- | $- | ▼ -562 days |
| 1996 | 583 days | $44.90 Million | $76.99K/day | $- | $- | ▲ +71 days |
| 1995 | 513 days | $37.50 Million | $73.15K/day | $- | $- | ▼ -807 days |
| 1994 | 1320 days | $68.70 Million | $52.05K/day | $- | $- | ▲ +186 days |
| 1993 | 1134 days | $55.30 Million | $48.77K/day | $- | $- | ▲ +668 days |
| 1992 | 466 days | $17.50 Million | $37.53K/day | $- | $- | ▼ -445 days |
| 1991 | 911 days | $26.20 Million | $28.77K/day | $- | $- | ▼ -145 days |
| 1990 | 1056 days | $29.50 Million | $27.95K/day | $- | $- | ▲ +595 days |
| 1989 | 461 days | $12.00 Million | $26.03K/day | $- | $- | ▼ -54 days |
| 1988 | 515 days | $8.60 Million | $16.71K/day | $- | $- | ▼ -29 days |
| 1987 | 544 days | $7.00 Million | $12.88K/day | $- | $- | ▲ +81 days |
| 1986 | 462 days | $5.70 Million | $12.33K/day | $- | $- | — |