Current Ratio
Updated 1926h ago
Sector Performance
54th percentilePAYX
1.26x
Sector Median
1.20x
Sector Avg
2.57x
Deep Analysis
The current ratio of 1.26x means the company has $1.26 in short-term assets for every $1.00 of short-term liabilities, indicating it can cover near-term obligations.
This level sits slightly above the sector median of 1.21x, placing PAYX in the 53th percentile among its peers—essentially in line with the typical peer. Because no year-over-year change or quarter-over-quarter change is available, there is no trend data to assess whether liquidity is improving or deteriorating. The combination of a current ratio marginally above the median with no directional information suggests neither a clear risk nor a distinct opportunity from this metric alone. This neutral profile directly supports the overall NEUTRAL verdict on the stock, as the metric offers no reason to deviate from that stance.
Frequently Asked Questions
What does the Current Ratio tell investors about PAYX?
Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.
How is the Current Ratio calculated?
Current Ratio is calculated as: Current Assets / Current Liabilities.
Who are PAYX's closest peers by Current Ratio?
The closest peers by Current Ratio include: KEY (0.42x), GEN (0.40x), CHTR (0.40x), USB (0.40x), DRI (0.39x).
The Formula
Current Assets / Current Liabilities
Why It Matters
Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.
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1.26x
Sector Median
1.20x
Sector Avg
2.57x
How PAYX's Current Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.