Automatic Data Processing Balance Sheet Health
Financial Health criteria checks 5/6
Automatic Data Processing has a total shareholder equity of $4.6B and total debt of $3.0B, which brings its debt-to-equity ratio to 64.7%. Its total assets and total liabilities are $64.2B and $59.6B respectively. Automatic Data Processing's EBIT is $4.9B making its interest coverage ratio 35.1. It has cash and short-term investments of $3.3B.
Key information
64.7%
Debt to equity ratio
US$2.99b
Debt
Interest coverage ratio | 35.1x |
Cash | US$3.29b |
Equity | US$4.63b |
Total liabilities | US$59.55b |
Total assets | US$64.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ADP's short term assets ($55.6B) exceed its short term liabilities ($54.9B).
Long Term Liabilities: ADP's short term assets ($55.6B) exceed its long term liabilities ($4.7B).
Debt to Equity History and Analysis
Debt Level: ADP has more cash than its total debt.
Reducing Debt: ADP's debt to equity ratio has increased from 38.2% to 64.7% over the past 5 years.
Debt Coverage: ADP's debt is well covered by operating cash flow (135.1%).
Interest Coverage: ADP's interest payments on its debt are well covered by EBIT (35.1x coverage).