• Paychex average debt/equity ratio for 2011-11-30 was 0, a 0% decline from 2012-02-29.
• Paychex average debt/equity ratio for 2012-02-29 was 0, a 0% decline from 2012-05-31.
• Paychex average debt/equity ratio for 2012-05-31 was 0, a 0% decline from 2012-08-31.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.