Paychex Inc Working Capital to Net Assets Ratio
Paychex Inc working capital to net assets ratio. Paychex Inc (PAYX) has a Working Capital to Net Assets ratio of 47.5% as of May 2026. Working capital of $1.77 Billion (current assets of $8.61 Billion minus current liabilities of $6.84 Billion) is measured against net assets of $3.74 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check tangible equity quality of Paychex Inc to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Paychex Inc (1986–2026)
Working capital to net assets ratio of Paychex Inc from 1986 to 2026. This chart shows how Paychex Inc's Working Capital to Net Assets ratio has evolved across 41 annual periods from 1986 to 2026. As of May 2026, the ratio stands at 47.5%, reflecting working capital of $1.77 Billion against net assets of $3.74 Billion USD. See Paychex Inc (PAYX) defensive interval to measure how many days the company can operate on defensive assets alone.
Paychex Inc Working Capital to Net Assets Ratio by Year (1986–2026)
Paychex Inc working capital to net assets ratio by year from 1986 to 2026. The table below presents the year-by-year Working Capital to Net Assets ratio for Paychex Inc from 1986 to 2026, covering 41 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see PAYX total assets.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 47.5% | $1.77 Billion | $3.74 Billion | $8.61 Billion | $6.84 Billion | ▼ 0.0 pp |
| 2025 | 47.5% | $1.96 Billion | $4.13 Billion | $8.92 Billion | $6.96 Billion | ▼ -3.6 pp |
| 2024 | 51.1% | $1.94 Billion | $3.80 Billion | $7.25 Billion | $5.31 Billion | ▲ +1.8 pp |
| 2023 | 49.3% | $1.72 Billion | $3.49 Billion | $7.53 Billion | $5.81 Billion | ▲ +6.8 pp |
| 2022 | 42.5% | $1.31 Billion | $3.09 Billion | $6.58 Billion | $5.27 Billion | ▲ +0.8 pp |
| 2021 | 41.8% | $1.23 Billion | $2.95 Billion | $6.17 Billion | $4.94 Billion | ▲ +4.5 pp |
| 2020 | 37.3% | $1.04 Billion | $2.78 Billion | $5.46 Billion | $4.43 Billion | ▲ +5.5 pp |
| 2019 | 31.8% | $832.70 Million | $2.62 Billion | $5.68 Billion | $4.84 Billion | ▲ +6.2 pp |
| 2018 | 25.6% | $487.70 Million | $1.91 Billion | $5.78 Billion | $5.30 Billion | ▼ -2.4 pp |
| 2017 | 28.0% | $546.90 Million | $1.96 Billion | $5.27 Billion | $4.73 Billion | ▲ +1.9 pp |
| 2016 | 26.0% | $497.70 Million | $1.91 Billion | $4.86 Billion | $4.37 Billion | ▼ -3.7 pp |
| 2015 | 29.7% | $530.20 Million | $1.79 Billion | $5.10 Billion | $4.57 Billion | ▼ -2.5 pp |
| 2014 | 32.2% | $572.50 Million | $1.78 Billion | $5.01 Billion | $4.44 Billion | ▲ +0.4 pp |
| 2013 | 31.8% | $564.40 Million | $1.77 Billion | $4.83 Billion | $4.27 Billion | ▲ +11.2 pp |
| 2012 | 20.6% | $330.20 Million | $1.60 Billion | $5.08 Billion | $4.75 Billion | ▼ -10.8 pp |
| 2011 | 31.4% | $469.60 Million | $1.50 Billion | $4.26 Billion | $3.79 Billion | ▲ +1.6 pp |
| 2010 | 29.7% | $416.94 Million | $1.40 Billion | $4.16 Billion | $3.74 Billion | ▼ -10.4 pp |
| 2009 | 40.1% | $537.93 Million | $1.34 Billion | $4.24 Billion | $3.70 Billion | ▲ +4.3 pp |
| 2008 | 35.8% | $428.64 Million | $1.20 Billion | $4.47 Billion | $4.04 Billion | ▲ +3.9 pp |
| 2007 | 32.0% | $623.85 Million | $1.95 Billion | $4.86 Billion | $4.24 Billion | ▼ -4.7 pp |
| 2006 | 36.6% | $605.93 Million | $1.65 Billion | $4.44 Billion | $3.84 Billion | ▼ -17.3 pp |
| 2005 | 53.9% | $747.25 Million | $1.39 Billion | $3.69 Billion | $2.94 Billion | ▲ +7.4 pp |
| 2004 | 46.5% | $558.54 Million | $1.20 Billion | $3.28 Billion | $2.72 Billion | ▲ +5.2 pp |
| 2003 | 41.3% | $445.12 Million | $1.08 Billion | $3.03 Billion | $2.59 Billion | ▼ -44.3 pp |
| 2002 | 85.6% | $791.17 Million | $923.98 Million | $2.81 Billion | $2.02 Billion | ▲ +0.2 pp |
| 2001 | 85.4% | $647.43 Million | $757.84 Million | $2.79 Billion | $2.14 Billion | ▲ +1.0 pp |
| 2000 | 84.4% | $475.63 Million | $563.43 Million | $2.36 Billion | $1.89 Billion | ▲ +1.6 pp |
| 1999 | 82.8% | $360.80 Million | $435.80 Million | $1.79 Billion | $1.43 Billion | ▲ +3.0 pp |
| 1998 | 79.8% | $263.10 Million | $329.60 Million | $1.48 Billion | $1.22 Billion | ▲ +2.4 pp |
| 1997 | 77.4% | $194.70 Million | $251.50 Million | $1.14 Billion | $946.00 Million | ▲ +5.5 pp |
| 1996 | 71.9% | $137.20 Million | $190.80 Million | $165.30 Million | $28.10 Million | ▲ +2.2 pp |
| 1995 | 69.7% | $97.50 Million | $139.90 Million | $124.20 Million | $26.70 Million | ▲ +7.0 pp |
| 1994 | 62.7% | $68.00 Million | $108.50 Million | $87.00 Million | $19.00 Million | ▲ +8.2 pp |
| 1993 | 54.5% | $46.40 Million | $85.20 Million | $64.20 Million | $17.80 Million | ▲ +13.1 pp |
| 1992 | 41.4% | $27.90 Million | $67.40 Million | $41.60 Million | $13.70 Million | ▲ +6.2 pp |
| 1991 | 35.2% | $19.20 Million | $54.50 Million | $29.70 Million | $10.50 Million | ▼ -9.7 pp |
| 1990 | 44.9% | $21.20 Million | $47.20 Million | $31.40 Million | $10.20 Million | ▼ -12.3 pp |
| 1989 | 57.2% | $23.00 Million | $40.20 Million | $32.50 Million | $9.50 Million | ▲ +2.6 pp |
| 1988 | 54.6% | $17.20 Million | $31.50 Million | $23.30 Million | $6.10 Million | ▲ +4.6 pp |
| 1987 | 50.0% | $12.00 Million | $24.00 Million | $16.70 Million | $4.70 Million | ▲ +6.5 pp |
| 1986 | 43.5% | $8.10 Million | $18.60 Million | $12.60 Million | $4.50 Million | — |