Automatic Data Processing Balance Sheet Health
Financial Health criteria checks 4/6
Automatic Data Processing has a total shareholder equity of $5.3B and total debt of $9.0B, which brings its debt-to-equity ratio to 168.9%. Its total assets and total liabilities are $49.5B and $44.2B respectively. Automatic Data Processing's EBIT is $5.2B making its interest coverage ratio 42.7. It has cash and short-term investments of $6.8B.
Key information
168.9%
Debt to equity ratio
US$9.04b
Debt
| Interest coverage ratio | 42.7x |
| Cash | US$6.77b |
| Equity | US$5.35b |
| Total liabilities | US$44.16b |
| Total assets | US$49.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ADPR34's short term assets ($39.9B) exceed its short term liabilities ($39.4B).
Long Term Liabilities: ADPR34's short term assets ($39.9B) exceed its long term liabilities ($4.8B).
Debt to Equity History and Analysis
Debt Level: ADPR34's net debt to equity ratio (42.4%) is considered high.
Reducing Debt: ADPR34's debt to equity ratio has increased from 111.4% to 168.9% over the past 5 years.
Debt Coverage: ADPR34's debt is well covered by operating cash flow (51.5%).
Interest Coverage: ADPR34's interest payments on its debt are well covered by EBIT (42.7x coverage).