Paychex Retained Earnings vs Short Term Debt Analysis

PAYX Stock

USD 139.54 1.73 1.26%

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 Retained Earnings and its Short Term Debt 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 closely tied 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.

Retained Earnings vs Short Term Debt

Retained Earnings vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Paychex Retained Earnings account and Short Term Debt. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Paychex's Retained Earnings and Short Term Debt is -0.46. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Paychex, assuming nothing else is changed. The correlation between historical values of Paychex's Retained Earnings and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Paychex are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Retained Earnings i.e., Paychex's Retained Earnings and Short Term Debt go up and down completely randomly.

Correlation Coefficient

-0.46

Relationship Direction	Negative
Relationship Strength	Very Weak

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Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Short Term Debt

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 closely tied 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 443.2 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	3.3B	3.6B	3.8B	4.0B
Total Revenue	4.6B	5.0B	5.3B	5.5B

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		0.71	0.73	0.72	0.97	0.75	-0.26	0.94	0.78	0.93	0.74	0.87	0.85	0.08	0.78	0.71	0.96	0.99	0.98	-0.25	0.95	0.65	0.85	0.82	0.81	0.88
Short Long Term Debt Total	0.71		0.96	0.96	0.56	0.93	0.01	0.49	0.23	0.57	0.18	0.38	0.3	0.71	0.33	0.19	0.56	0.78	0.75	0.21	0.6	0.13	0.41	0.34	0.29	0.45
Other Current Liab	0.73	0.96		1.0	0.57	0.9	-0.02	0.51	0.25	0.56	0.25	0.42	0.35	0.72	0.34	0.26	0.58	0.8	0.77	0.2	0.61	0.1	0.42	0.38	0.35	0.46
Total Current Liabilities	0.72	0.96	1.0		0.57	0.89	-0.04	0.5	0.24	0.55	0.24	0.4	0.35	0.71	0.31	0.25	0.58	0.8	0.78	0.24	0.61	0.11	0.41	0.37	0.34	0.45
Total Stockholder Equity	0.97	0.56	0.57	0.57		0.64	-0.33	0.98	0.88	0.95	0.85	0.94	0.94	-0.08	0.85	0.8	0.98	0.93	0.93	-0.39	0.94	0.77	0.9	0.89	0.88	0.92
Property Plant And Equipment Net	0.75	0.93	0.9	0.89	0.64		0.1	0.56	0.38	0.72	0.33	0.51	0.45	0.65	0.57	0.34	0.66	0.8	0.73	-0.05	0.67	0.15	0.61	0.52	0.51	0.65
Net Debt	-0.26	0.01	-0.02	-0.04	-0.33	0.1		-0.36	-0.52	-0.1	-0.23	-0.3	-0.29	0.31	-0.01	-0.22	-0.29	-0.21	-0.33	-0.15	-0.18	-0.62	-0.15	-0.26	-0.21	-0.08
Retained Earnings	0.94	0.49	0.51	0.5	0.98	0.56	-0.36		0.89	0.91	0.87	0.96	0.93	-0.14	0.83	0.81	0.93	0.89	0.9	-0.46	0.91	0.81	0.85	0.84	0.85	0.89
Cash	0.78	0.23	0.25	0.24	0.88	0.38	-0.52	0.89		0.84	0.84	0.9	0.9	-0.34	0.86	0.79	0.85	0.69	0.7	-0.59	0.76	0.82	0.88	0.87	0.89	0.87
Non Current Assets Total	0.93	0.57	0.56	0.55	0.95	0.72	-0.1	0.91	0.84		0.79	0.88	0.89	-0.02	0.95	0.73	0.94	0.9	0.84	-0.52	0.92	0.62	0.97	0.9	0.9	0.99
Non Currrent Assets Other	0.74	0.18	0.25	0.24	0.85	0.33	-0.23	0.87	0.84	0.79		0.93	0.94	-0.31	0.83	0.98	0.83	0.66	0.67	-0.61	0.78	0.73	0.8	0.81	0.85	0.83
Cash And Short Term Investments	0.87	0.38	0.42	0.4	0.94	0.51	-0.3	0.96	0.9	0.88	0.93		0.94	-0.19	0.87	0.9	0.91	0.8	0.81	-0.57	0.84	0.74	0.86	0.86	0.89	0.9
Net Receivables	0.85	0.3	0.35	0.35	0.94	0.45	-0.29	0.93	0.9	0.89	0.94	0.94		-0.27	0.88	0.9	0.94	0.78	0.78	-0.53	0.88	0.78	0.92	0.92	0.94	0.92
Common Stock Shares Outstanding	0.08	0.71	0.72	0.71	-0.08	0.65	0.31	-0.14	-0.34	-0.02	-0.31	-0.19	-0.27		-0.15	-0.26	-0.06	0.18	0.13	0.37	-0.03	-0.47	-0.14	-0.19	-0.23	-0.09
Non Current Liabilities Total	0.78	0.33	0.34	0.31	0.85	0.57	-0.01	0.83	0.86	0.95	0.83	0.87	0.88	-0.15		0.78	0.84	0.72	0.65	-0.74	0.8	0.58	0.96	0.87	0.91	0.98
Other Current Assets	0.71	0.19	0.26	0.25	0.8	0.34	-0.22	0.81	0.79	0.73	0.98	0.9	0.9	-0.26	0.78		0.79	0.63	0.65	-0.56	0.75	0.64	0.75	0.74	0.81	0.78
Other Stockholder Equity	0.96	0.56	0.58	0.58	0.98	0.66	-0.29	0.93	0.85	0.94	0.83	0.91	0.94	-0.06	0.84	0.79		0.92	0.91	-0.31	0.93	0.72	0.92	0.92	0.89	0.92
Total Liab	0.99	0.78	0.8	0.8	0.93	0.8	-0.21	0.89	0.69	0.9	0.66	0.8	0.78	0.18	0.72	0.63	0.92		0.98	-0.16	0.93	0.56	0.8	0.76	0.75	0.83
Total Current Assets	0.98	0.75	0.77	0.78	0.93	0.73	-0.33	0.9	0.7	0.84	0.67	0.81	0.78	0.13	0.65	0.65	0.91	0.98		-0.09	0.91	0.63	0.74	0.73	0.71	0.77
Short Term Debt	-0.25	0.21	0.2	0.24	-0.39	-0.05	-0.15	-0.46	-0.59	-0.52	-0.61	-0.57	-0.53	0.37	-0.74	-0.56	-0.31	-0.16	-0.09		-0.31	-0.35	-0.56	-0.45	-0.57	-0.61
Accounts Payable	0.95	0.6	0.61	0.61	0.94	0.67	-0.18	0.91	0.76	0.92	0.78	0.84	0.88	-0.03	0.8	0.75	0.93	0.93	0.91	-0.31		0.7	0.88	0.81	0.86	0.89
Property Plant And Equipment Gross	0.65	0.13	0.1	0.11	0.77	0.15	-0.62	0.81	0.82	0.62	0.73	0.74	0.78	-0.47	0.58	0.64	0.72	0.56	0.63	-0.35	0.7		0.65	0.68	0.69	0.62
Other Liab	0.85	0.41	0.42	0.41	0.9	0.61	-0.15	0.85	0.88	0.97	0.8	0.86	0.92	-0.14	0.96	0.75	0.92	0.8	0.74	-0.56	0.88	0.65		0.93	0.96	0.98
Current Deferred Revenue	0.82	0.34	0.38	0.37	0.89	0.52	-0.26	0.84	0.87	0.9	0.81	0.86	0.92	-0.19	0.87	0.74	0.92	0.76	0.73	-0.45	0.81	0.68	0.93		0.89	0.91
Other Assets	0.81	0.29	0.35	0.34	0.88	0.51	-0.21	0.85	0.89	0.9	0.85	0.89	0.94	-0.23	0.91	0.81	0.89	0.75	0.71	-0.57	0.86	0.69	0.96	0.89		0.94
Good Will	0.88	0.45	0.46	0.45	0.92	0.65	-0.08	0.89	0.87	0.99	0.83	0.9	0.92	-0.09	0.98	0.78	0.92	0.83	0.77	-0.61	0.89	0.62	0.98	0.91	0.94

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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	10.4B	10.9B
Short Long Term Debt Total	898.8M	897.1M	881.2M	865.7M	885.5M	538.8M
Other Current Liab	4.3B	4.8B	5.1B	5.6B	5.1B	2.7B
Total Current Liabilities	4.4B	4.9B	5.3B	5.8B	5.3B	2.9B
Total Stockholder Equity	2.8B	2.9B	3.1B	3.5B	3.8B	4.0B
Property Plant And Equipment Net	522.2M	498.8M	480M	457.8M	458.6M	233.2M
Net Debt	(6.4M)	(98.1M)	511.2M	(356.3M)	(602.6M)	(572.5M)
Retained Earnings	1.4B	1.4B	1.7B	2.0B	2.2B	2.3B
Cash	905.2M	995.2M	370M	1.2B	1.5B	1.5B
Non Current Assets Total	3.1B	3.1B	3.1B	3.0B	3.1B	3.3B
Non Currrent Assets Other	59.5M	455.3M	512.5M	535.3M	592.1M	621.7M
Cash And Short Term Investments	932.4M	1.0B	1.2B	1.6B	1.5B	1.6B
Net Receivables	790.3M	1.1B	1.3B	1.4B	1.6B	1.7B
Common Stock Shares Outstanding	361.8M	361M	362.1M	363.1M	362.3M	300.6M
Liabilities And Stockholders Equity	8.6B	9.2B	9.6B	10.5B	10.4B	10.9B
Non Current Liabilities Total	1.3B	1.3B	1.3B	1.2B	1.3B	1.3B
Other Current Assets	244.8M	4.1B	4.0B	4.5B	4.1B	4.3B
Other Stockholder Equity	1.3B	1.4B	1.5B	1.6B	1.7B	1.8B
Total Liab	5.8B	6.3B	6.6B	7.1B	6.6B	6.9B
Total Current Assets	5.5B	6.2B	6.6B	7.5B	7.3B	7.6B
Accounts Payable	79.4M	89M	105.7M	84.7M	104.3M	109.5M
Property Plant And Equipment Gross	522.2M	498.8M	480M	457.8M	1.6B	1.7B
Accumulated Other Comprehensive Income	56.5M	51.8M	(133.9M)	(159.9M)	(145.1M)	(137.8M)
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	50.2M	52.7M
Other Assets	397.7M	432M	455.3M	512.5M	589.4M	618.8M
Good Will	1.8B	1.8B	1.8B	1.8B	1.9B	2.0B
Short Term Investments	27.2M	36.7M	853.9M	373.4M	33.9M	32.2M
Inventory	3.9B	3.5B	3.8B	4.2B	4.8B	5.1B
Intangible Assets	330.6M	275.8M	224.6M	187.4M	194.5M	174.1M
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	798.6M	838.5M
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

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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.

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Paychex Retained Earnings vs Short Term Debt Analysis

Retained Earnings vs Short Term Debt

Retained Earnings vs Short Term Debt Correlation Analysis

Correlation Coefficient

Retained Earnings

Short Term Debt

Paychex fundamental ratios Correlations

Paychex Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Paychex fundamental ratios Accounts

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Additional Tools for Paychex Stock Analysis

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Total Current Liabilities	+ 1.0	Other Current Liab
Total Liab	+ 0.99	Total Assets
Good Will	+ 0.99	Non Current Assets Total
Total Current Assets	+ 0.98	Total Assets
Retained Earnings	+ 0.98	Total Stockholder Equity
Other Stockholder Equity	+ 0.98	Total Stockholder Equity

Short Term Debt	- 0.74	Non Current Liabilities Total
Property Plant And Equipment Gross	- 0.62	Net Debt
Good Will	- 0.61	Short Term Debt
Short Term Debt	- 0.61	Non Currrent Assets Other
Short Term Debt	- 0.59	Cash
Other Assets	- 0.57	Short Term Debt