Paychex Non Current Liabilities Total vs Total Current Liabilities Analysis

PAYX Stock

USD 121.79 1.16 0.96%

Paychex financial indicator trend analysis is much more than just breaking down Paychex prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Paychex is a good investment. Please check the relationship between Paychex Non Current Liabilities Total and its Total Current Liabilities accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paychex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.

For more information on how to buy Paychex Stock please use our How to Invest in Paychex guide.

Non Current Liabilities Total vs Total Current Liabilities

Non Current Liabilities Total vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Paychex Non Current Liabilities Total account and Total Current Liabilities. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Paychex's Non Current Liabilities Total and Total Current Liabilities is 0.57. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Paychex, assuming nothing else is changed. The correlation between historical values of Paychex's Non Current Liabilities Total and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Paychex are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Non Current Liabilities Total i.e., Paychex's Non Current Liabilities Total and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.57

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Non Current Liabilities Total

Total Current Liabilities

Total Current Liabilities is an item on Paychex balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Paychex are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from Paychex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Paychex current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paychex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.

For more information on how to buy Paychex Stock please use our How to Invest in Paychex guide.At this time, Paychex's Selling General Administrative is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.37 in 2024, whereas Tax Provision is likely to drop slightly above 427.9 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	3.3B	3.6B	4.1B	4.3B
Total Revenue	4.6B	5.0B	5.8B	6.0B

Gross Profit Total Revenue

Paychex fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Property Plant And Equipment Gross	Other Liab	Current Deferred Revenue	Other Assets	Good Will
Total Assets		0.63	0.96	0.94	0.99	0.95	-0.25	0.97	0.84	0.94	0.43	0.9	0.89	-0.23	0.81	0.26	0.97	1.0	0.98	-0.32	0.94	0.74	0.86	0.85	0.84	0.9
Short Long Term Debt Total	0.63		0.7	0.71	0.55	0.74	-0.04	0.49	0.27	0.54	0.24	0.34	0.33	0.53	0.33	0.18	0.54	0.66	0.64	0.15	0.64	0.92	0.42	0.34	0.31	0.44
Other Current Liab	0.96	0.7		1.0	0.9	0.91	-0.34	0.89	0.69	0.81	0.3	0.78	0.75	-0.12	0.61	0.18	0.88	0.98	0.99	-0.07	0.88	0.7	0.69	0.71	0.67	0.74
Total Current Liabilities	0.94	0.71	1.0		0.89	0.9	-0.36	0.87	0.66	0.78	0.27	0.75	0.73	-0.09	0.57	0.17	0.87	0.97	0.98	-0.02	0.87	0.7	0.67	0.69	0.65	0.71
Total Stockholder Equity	0.99	0.55	0.9	0.89		0.93	-0.23	0.98	0.89	0.96	0.46	0.95	0.94	-0.31	0.87	0.28	0.98	0.97	0.96	-0.43	0.92	0.71	0.9	0.9	0.88	0.94
Property Plant And Equipment Net	0.95	0.74	0.91	0.9	0.93		-0.14	0.88	0.75	0.92	0.41	0.79	0.78	-0.04	0.78	0.27	0.92	0.95	0.92	-0.25	0.93	0.85	0.84	0.78	0.78	0.86
Net Debt	-0.25	-0.04	-0.34	-0.36	-0.23	-0.14		-0.25	-0.39	-0.05	0.71	-0.25	-0.15	0.35	0.06	0.72	-0.22	-0.26	-0.34	-0.28	-0.02	0.03	-0.03	-0.18	-0.09	-0.02
Retained Earnings	0.97	0.49	0.89	0.87	0.98	0.88	-0.25		0.89	0.93	0.43	0.97	0.93	-0.37	0.85	0.27	0.94	0.95	0.94	-0.48	0.88	0.64	0.85	0.86	0.85	0.91
Cash	0.84	0.27	0.69	0.66	0.89	0.75	-0.39	0.89		0.88	0.24	0.92	0.9	-0.51	0.89	0.02	0.87	0.8	0.78	-0.61	0.73	0.52	0.89	0.89	0.89	0.91
Non Current Assets Total	0.94	0.54	0.81	0.78	0.96	0.92	-0.05	0.93	0.88		0.57	0.89	0.92	-0.23	0.95	0.34	0.95	0.92	0.86	-0.55	0.92	0.75	0.97	0.91	0.92	0.99
Non Currrent Assets Other	0.43	0.24	0.3	0.27	0.46	0.41	0.71	0.43	0.24	0.57		0.43	0.55	0.02	0.61	0.89	0.48	0.41	0.33	-0.5	0.58	0.41	0.56	0.48	0.54	0.59
Cash And Short Term Investments	0.9	0.34	0.78	0.75	0.95	0.79	-0.25	0.97	0.92	0.89	0.43		0.95	-0.48	0.87	0.29	0.92	0.87	0.86	-0.58	0.8	0.55	0.84	0.87	0.88	0.9
Net Receivables	0.89	0.33	0.75	0.73	0.94	0.78	-0.15	0.93	0.9	0.92	0.55	0.95		-0.45	0.9	0.38	0.95	0.86	0.84	-0.56	0.86	0.56	0.92	0.93	0.94	0.94
Common Stock Shares Outstanding	-0.23	0.53	-0.12	-0.09	-0.31	-0.04	0.35	-0.37	-0.51	-0.23	0.02	-0.48	-0.45		-0.34	0.08	-0.29	-0.18	-0.21	0.43	-0.12	0.36	-0.28	-0.4	-0.38	-0.31
Non Current Liabilities Total	0.81	0.33	0.61	0.57	0.87	0.78	0.06	0.85	0.89	0.95	0.61	0.87	0.9	-0.34		0.37	0.85	0.77	0.7	-0.77	0.81	0.62	0.96	0.89	0.93	0.98
Other Current Assets	0.26	0.18	0.18	0.17	0.28	0.27	0.72	0.27	0.02	0.34	0.89	0.29	0.38	0.08	0.37		0.32	0.25	0.21	-0.3	0.46	0.3	0.33	0.25	0.38	0.35
Other Stockholder Equity	0.97	0.54	0.88	0.87	0.98	0.92	-0.22	0.94	0.87	0.95	0.48	0.92	0.95	-0.29	0.85	0.32		0.95	0.93	-0.36	0.92	0.71	0.91	0.93	0.9	0.93
Total Liab	1.0	0.66	0.98	0.97	0.97	0.95	-0.26	0.95	0.8	0.92	0.41	0.87	0.86	-0.18	0.77	0.25	0.95		0.99	-0.26	0.94	0.75	0.83	0.82	0.8	0.87
Total Current Assets	0.98	0.64	0.99	0.98	0.96	0.92	-0.34	0.94	0.78	0.86	0.33	0.86	0.84	-0.21	0.7	0.21	0.93	0.99		-0.18	0.9	0.7	0.76	0.78	0.75	0.81
Short Term Debt	-0.32	0.15	-0.07	-0.02	-0.43	-0.25	-0.28	-0.48	-0.61	-0.55	-0.5	-0.58	-0.56	0.43	-0.77	-0.3	-0.36	-0.26	-0.18		-0.33	-0.16	-0.59	-0.47	-0.6	-0.64
Accounts Payable	0.94	0.64	0.88	0.87	0.92	0.93	-0.02	0.88	0.73	0.92	0.58	0.8	0.86	-0.12	0.81	0.46	0.92	0.94	0.9	-0.33		0.77	0.88	0.8	0.85	0.89
Property Plant And Equipment Gross	0.74	0.92	0.7	0.7	0.71	0.85	0.03	0.64	0.52	0.75	0.41	0.55	0.56	0.36	0.62	0.3	0.71	0.75	0.7	-0.16	0.77		0.7	0.59	0.61	0.69
Other Liab	0.86	0.42	0.69	0.67	0.9	0.84	-0.03	0.85	0.89	0.97	0.56	0.84	0.92	-0.28	0.96	0.33	0.91	0.83	0.76	-0.59	0.88	0.7		0.93	0.96	0.98
Current Deferred Revenue	0.85	0.34	0.71	0.69	0.9	0.78	-0.18	0.86	0.89	0.91	0.48	0.87	0.93	-0.4	0.89	0.25	0.93	0.82	0.78	-0.47	0.8	0.59	0.93		0.9	0.93
Other Assets	0.84	0.31	0.67	0.65	0.88	0.78	-0.09	0.85	0.89	0.92	0.54	0.88	0.94	-0.38	0.93	0.38	0.9	0.8	0.75	-0.6	0.85	0.61	0.96	0.9		0.95
Good Will	0.9	0.44	0.74	0.71	0.94	0.86	-0.02	0.91	0.91	0.99	0.59	0.9	0.94	-0.31	0.98	0.35	0.93	0.87	0.81	-0.64	0.89	0.69	0.98	0.93	0.95

Click cells to compare fundamentals

Paychex Account Relationship Matchups

Paychex fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	8.6B	9.2B	9.6B	10.5B	12.1B	12.7B
Short Long Term Debt Total	898.8M	897.1M	881.2M	865.7M	995.6M	513.2M
Other Current Liab	4.3B	4.8B	5.1B	5.7B	6.5B	6.8B
Total Current Liabilities	4.4B	4.9B	5.3B	5.8B	6.7B	7.0B
Total Stockholder Equity	2.8B	2.9B	3.1B	3.5B	4.0B	4.2B
Property Plant And Equipment Net	522.2M	498.8M	480M	457.8M	526.5M	552.8M
Net Debt	(6.4M)	(98.1M)	511.2M	(356.3M)	(409.7M)	(389.3M)
Retained Earnings	1.4B	1.4B	1.7B	2.0B	2.3B	2.4B
Cash	905.2M	995.2M	370M	1.2B	1.4B	1.5B
Non Current Assets Total	3.1B	3.1B	3.1B	3.0B	3.5B	3.6B
Non Currrent Assets Other	59.5M	71.2M	347M	65.2M	75.0M	78.7M
Cash And Short Term Investments	932.4M	1.0B	1.2B	1.6B	1.8B	1.9B
Net Receivables	790.3M	1.1B	1.3B	1.4B	1.6B	1.7B
Common Stock Shares Outstanding	361M	362.1M	363.1M	362.3M	326.1M	300.9M
Liabilities And Stockholders Equity	8.6B	9.2B	9.6B	10.5B	12.1B	12.7B
Non Current Liabilities Total	1.3B	1.3B	1.3B	1.2B	1.4B	1.5B
Other Current Assets	244.8M	249.2M	4.0B	289.8M	333.3M	316.6M
Other Stockholder Equity	1.3B	1.4B	1.5B	1.6B	1.9B	2.0B
Total Liab	5.8B	6.3B	6.6B	7.1B	8.1B	8.5B
Total Current Assets	5.5B	6.2B	6.6B	7.5B	8.7B	9.1B
Accounts Payable	79.4M	89M	105.7M	84.7M	97.4M	102.3M
Property Plant And Equipment Gross	522.2M	498.8M	480M	457.8M	526.5M	286.1M
Accumulated Other Comprehensive Income	56.5M	51.8M	(133.9M)	(159.9M)	(183.9M)	(174.7M)
Other Liab	415.1M	448.7M	451.3M	408.3M	469.5M	493.0M
Current Deferred Revenue	39.2M	37.9M	38.4M	47.3M	54.4M	57.1M
Other Assets	397.7M	432M	455.3M	512.5M	589.4M	618.8M
Good Will	1.8B	1.8B	1.8B	1.8B	2.1B	2.2B
Short Term Investments	27.2M	36.7M	853.9M	373.4M	336.1M	306.6M
Inventory	3.9B	3.5B	3.8B	4.2B	4.8B	5.1B
Intangible Assets	330.6M	275.8M	224.6M	187.4M	215.5M	172.5M
Property Plant Equipment	407.4M	498.8M	480M	396.3M	455.7M	324.8M
Net Tangible Assets	659.7M	851.5M	1.0B	1.5B	1.3B	821.8M
Long Term Debt	796.8M	797.3M	797.7M	798.2M	917.9M	963.8M
Retained Earnings Total Equity	1.4B	1.4B	1.7B	2.0B	2.3B	1.3B
Capital Surpluse	1.3B	1.4B	1.5B	1.6B	1.9B	1.1B
Deferred Long Term Liab	240.8M	384.1M	433.3M	112.1M	128.9M	134.3M

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Paychex using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations

Fix portfolios for free

When determining whether Paychex offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Paychex's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Paychex Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Paychex Stock:

How To Invest In Paychex

Details

Is Paychex Stock a good investment?

Details

What is Paychex's Net Worth?

Details

Largest Commercial & Professional Services Companies

View

Largest Industrials Companies

View

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paychex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.

For more information on how to buy Paychex Stock please use our How to Invest in Paychex guide.

You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.

Complementary Tools for Paychex Stock analysis

When running Paychex's price analysis, check to measure Paychex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Paychex is operating at the current time. Most of Paychex's value examination focuses on studying past and present price action to predict the probability of Paychex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Paychex's price. Additionally, you may evaluate how the addition of Paychex to your portfolios can decrease your overall portfolio volatility.

	Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
	CEOs Directory Screen CEOs from public companies around the world
	Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
	Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum
	Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated
	Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
	Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges
	Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences
	Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
	Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
	Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
	Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments
	Risk-Return Analysis View associations between returns expected from investment and the risk you assume

Is Paychex's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Paychex. If investors know Paychex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Paychex listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.07

Dividend Share

3.56

Earnings Share

4.59

Revenue Per Share

14.461

Quarterly Revenue Growth

0.042

The market value of Paychex is measured differently than its book value, which is the value of Paychex that is recorded on the company's balance sheet. Investors also form their own opinion of Paychex's value that differs from its market value or its book value, called intrinsic value, which is Paychex's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Paychex's market value can be influenced by many factors that don't directly affect Paychex's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Paychex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Paychex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Paychex's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Paychex Non Current Liabilities Total vs Total Current Liabilities Analysis

Non Current Liabilities Total vs Total Current Liabilities

Non Current Liabilities Total vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Non Current Liabilities Total

Total Current Liabilities

Paychex fundamental ratios Correlations

Paychex Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Paychex fundamental ratios Accounts

Becoming a Better Investor with Macroaxis

Build Optimal Portfolios

Align your risk with return expectations

Complementary Tools for Paychex Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Other Current Liab
Total Stockholder Equity	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Other Current Liab
Good Will	+ 0.99	Non Current Assets Total
Total Current Assets	+ 0.99	Total Liab

Short Term Debt	- 0.77	Non Current Liabilities Total
Good Will	- 0.64	Short Term Debt
Short Term Debt	- 0.61	Cash
Other Assets	- 0.6	Short Term Debt
Other Liab	- 0.59	Short Term Debt
Short Term Debt	- 0.58	Cash And Short Term Investments