Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 28.63% is 239% above its 5-year average of 8.45%, near the high end of its 5-year range (6.67%–30.49%).
As of the fiscal period ended Sunday, May 31, 2026. 3.42% below its 12-month average of 29.64%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
28.63%
DEBT TO ASSETS RATIO AVG TTM
29.64%
DEBT TO ASSETS RATIO AVG 3Y
16.14%
DEBT TO ASSETS RATIO AVG 5Y
8.45%
DEBT TO ASSETS RATIO AVG 10Y
6.50%
DEBT TO ASSETS RATIO AVG 15Y
4.18%
DEBT TO ASSETS RATIO AVG 20Y
3.08%
CURRENT VS TTM AVG
-3.42%
CURRENT VS 3Y AVG
+77.34%
CURRENT VS 5Y AVG
+238.62%
CURRENT VS 10Y AVG
+340.42%
CURRENT VS 15Y AVG
+585.10%
CURRENT VS 20Y AVG
+829.78%
SECTOR MEDIAN · INDUSTRIALS
0.27%
median of 154 covered companies
CURRENT VS SECTOR MEDIAN
+10702.70%
vs the sector median at left
Paychex, Inc.
Market Cap
$41.59B
Debt to Assets Ratio
28.63%
TTM Avg
29.64%
3Y Avg
16.14%
5Y Avg
8.45%
Market Cap
$41.12B
Debt to Assets Ratio
0.45%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$40.74B
Debt to Assets Ratio
0.25%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$43.13B
Debt to Assets Ratio
0.18%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$38.89B
Debt to Assets Ratio
0.00%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$38.13B
Debt to Assets Ratio
0.03%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Paychex, Inc. (PAYX) | $41.59B | 28.63% | 29.64% | 16.14% | 8.45% |
| Waste Connections, Inc. (WCN)vs › | $41.12B | 0.45% | N/A | N/A | N/A |
| Ferrovial SE (FER)vs › | $42.06B | 0.39% | N/A | N/A | N/A |
| Axon Enterprise, Inc. (AXON)vs › | $40.74B | 0.25% | N/A | N/A | N/A |
| Thomson Reuters Corporation (TRI)vs › | $43.13B | 0.18% | N/A | N/A | N/A |
| Ferguson plc (FERG)vs › | $43.89B | 0.33% | N/A | N/A | N/A |
| HEICO Corporation (HEI)vs › | $44.04B | 0.26% | N/A | N/A | N/A |
| Old Dominion Freight Line, Inc. (ODFL)vs › | $38.89B | 0.00% | N/A | N/A | N/A |
| Rocket Lab USA, Inc. (RKLB)vs › | $38.13B | 0.03% | N/A | N/A | N/A |
| HEICO Corporation (HEI-A)vs › | $45.27B | 0.26% | N/A | N/A | N/A |
Debt/Assets
28.6%
Debt/Equity
1.24
Current Ratio
1.26
Interest Coverage
9.3x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-05-31 | 28.63% |
| 2026-02-28 | 28.63% |
| 2025-11-30 | 30.49% |
| 2025-08-31 | 30.14% |
| 2025-05-31 | 30.32% |
| 2025-02-28 | 7.70% |
| 2024-11-30 | 8.17% |
| 2024-08-31 | 8.27% |
| 2024-05-31 | 8.34% |
| 2024-02-29 | 6.67% |
| 2023-11-30 | 7.18% |
| 2023-08-31 | 7.11% |
| 2023-05-31 | 8.21% |
| 2023-02-28 | 8.22% |
| 2022-11-30 | 9.49% |
| 2022-08-31 | 9.63% |
| 2022-05-31 | 9.15% |
| 2022-02-28 | 8.61% |
| 2021-11-30 | 9.22% |
| 2021-08-31 | 9.58% |
| 2021-05-31 | 9.72% |
| 2021-02-28 | 9.28% |
| 2020-11-30 | 10.40% |
| 2020-08-31 | 10.72% |
| 2020-05-31 | 10.51% |
| 2020-02-29 | 10.07% |
| 2019-11-30 | 10.89% |
| 2019-08-31 | 10.96% |
| 2019-05-31 | 9.32% |
| 2019-02-28 | 8.24% |
| 2018-11-30 | 0.82% |
| 2018-08-31 | 0.80% |
| 2018-05-31 | 0.00% |
| 2018-02-28 | 0.84% |
| 2017-11-30 | 1.74% |
| 2017-08-31 | 0.75% |
| 2017-05-31 | 0.00% |
| 2017-02-28 | 0.76% |
| 2016-11-30 | 1.78% |
| 2016-08-31 | 0.84% |
| 2016-05-31 | 0.00% |
| 2016-02-29 | 0.00% |
| 2015-11-30 | 0.00% |
| 2015-08-31 | 0.00% |
| 2015-05-31 | 0.00% |
| 2015-02-28 | 0.00% |
| 2014-11-30 | 0.00% |
| 2014-08-31 | 0.00% |
| 2014-05-31 | 0.00% |
| 2014-02-28 | 0.00% |
| 2013-11-30 | 0.00% |
| 2013-08-31 | 0.00% |
| 2013-05-31 | 0.00% |
| 2013-02-28 | 0.00% |
| 2012-11-30 | 0.00% |
| 2012-08-31 | 0.00% |
| 2012-05-31 | 0.00% |
| 2012-02-29 | 0.00% |
| 2011-11-30 | 0.00% |
| 2011-08-31 | 0.00% |
| 2011-05-31 | 0.00% |
| 2011-02-28 | 0.00% |
| 2010-11-30 | 0.00% |
| 2010-08-31 | 0.00% |
| 2010-05-31 | 0.00% |
| 2010-02-28 | 0.00% |
| 2009-11-30 | 0.00% |
| 2009-08-31 | 0.00% |
| 2009-05-31 | 0.00% |
| 2009-02-28 | 0.00% |
| 2008-11-30 | 0.00% |
| 2008-08-31 | 0.00% |
| 2008-05-31 | 0.00% |
| 2008-02-29 | 0.00% |
| 2007-11-30 | 0.00% |
| 2007-08-31 | 0.00% |
| 2007-05-31 | 0.00% |
| 2007-02-28 | 0.00% |
| 2006-11-30 | 0.00% |
| 2006-08-31 | 0.00% |
| 2006-05-31 | 0.00% |
| 2006-02-28 | 0.00% |
| 2005-11-30 | 0.00% |
| 2005-08-31 | 0.00% |
| 2005-05-31 | 0.00% |
| 2005-02-28 | 0.00% |
| 2004-11-30 | 0.00% |
| 2004-08-31 | 0.00% |
| 2004-05-31 | 0.00% |
| 2004-02-29 | 0.00% |
| 2003-11-30 | 0.00% |
| 2003-08-31 | 0.00% |
| 2003-05-31 | 0.00% |
| 2003-02-28 | 0.00% |
| 2002-11-30 | 0.00% |
| 2002-08-31 | 0.00% |
