Automatic Data Processing Balance Sheet Health
Financial Health criteria checks 5/6
Automatic Data Processing has a total shareholder equity of $4.3B and total debt of $3.0B, which brings its debt-to-equity ratio to 69.7%. Its total assets and total liabilities are $57.1B and $52.7B respectively. Automatic Data Processing's EBIT is $4.7B making its interest coverage ratio 32.2. It has cash and short-term investments of $1.7B.
Key information
69.7%
Debt to equity ratio
US$3.01b
Debt
| Interest coverage ratio | 32.2x |
| Cash | US$1.67b |
| Equity | US$4.32b |
| Total liabilities | US$52.75b |
| Total assets | US$57.07b |
Recent financial health updates
Is Automatic Data Processing (NASDAQ:ADP) Using Too Much Debt?
Dec 11
Automatic Data Processing (NASDAQ:ADP) Seems To Use Debt Quite Sensibly
Jun 20Is Automatic Data Processing (NASDAQ:ADP) A Risky Investment?
Mar 19Is Automatic Data Processing (NASDAQ:ADP) Using Too Much Debt?
Nov 12Is Automatic Data Processing (NASDAQ:ADP) A Risky Investment?
Aug 11We Think Automatic Data Processing (NASDAQ:ADP) Can Stay On Top Of Its Debt
May 04Recent updates
Automatic Data Processing: AI Technology And A Strong U.S. Labor Market
Apr 15Is Automatic Data Processing, Inc. (NASDAQ:ADP) Trading At A 37% Discount?
Apr 02Automatic Data Processing: A Great DGI Stock
Mar 24What Does Automatic Data Processing, Inc.'s (NASDAQ:ADP) Share Price Indicate?
Feb 26Automatic Data Processing, Inc.'s (NASDAQ:ADP) Popularity With Investors Is Under Threat From Overpricing
Feb 10Automatic Data Processing: Buying More Of This Amazing Dividend Aristocrat
Feb 04Automatic Data Processing (NASDAQ:ADP) Ticks All The Boxes When It Comes To Earnings Growth
Jan 26An Intrinsic Calculation For Automatic Data Processing, Inc. (NASDAQ:ADP) Suggests It's 34% Undervalued
Dec 26Is Automatic Data Processing (NASDAQ:ADP) Using Too Much Debt?
Dec 11Automatic Data Processing's (NASDAQ:ADP) Dividend Will Be Increased To $1.40
Nov 11We Think Automatic Data Processing, Inc.'s (NASDAQ:ADP) CEO Compensation Looks Fair
Nov 02Automatic Data Processing (NASDAQ:ADP) Ticks All The Boxes When It Comes To Earnings Growth
Oct 23Why Automatic Data Processing, Inc. (NASDAQ:ADP) Could Be Worth Watching
Sep 20Estimating The Intrinsic Value Of Automatic Data Processing, Inc. (NASDAQ:ADP)
Aug 07Does Automatic Data Processing (NASDAQ:ADP) Deserve A Spot On Your Watchlist?
Jul 20Automatic Data Processing (NASDAQ:ADP) Seems To Use Debt Quite Sensibly
Jun 20What Does Automatic Data Processing, Inc.'s (NASDAQ:ADP) Share Price Indicate?
Jun 05Automatic Data Processing, Inc.'s (NASDAQ:ADP) Intrinsic Value Is Potentially 25% Above Its Share Price
May 06If EPS Growth Is Important To You, Automatic Data Processing (NASDAQ:ADP) Presents An Opportunity
Apr 18Is Automatic Data Processing (NASDAQ:ADP) A Risky Investment?
Mar 19What Does Automatic Data Processing, Inc.'s (NASDAQ:ADP) Share Price Indicate?
Jan 18With EPS Growth And More, Automatic Data Processing (NASDAQ:ADP) Makes An Interesting Case
Jan 03Automatic Data Processing (NASDAQ:ADP) Has Announced That It Will Be Increasing Its Dividend To $1.25
Nov 26Is Automatic Data Processing (NASDAQ:ADP) Using Too Much Debt?
Nov 12Automatic Data Processing's (NASDAQ:ADP) Dividend Will Be Increased To $1.25
Nov 12Paychex Or ADP? Picking A Payroll Stalwart
Oct 19A Look At The Intrinsic Value Of Automatic Data Processing, Inc. (NASDAQ:ADP)
Oct 11Here's Why Automatic Data Processing (NASDAQ:ADP) Has Caught The Eye Of Investors
Sep 26Automatic Data Processing: A Better Opportunity Will Likely Present Itself
Sep 26Is Now An Opportune Moment To Examine Automatic Data Processing, Inc. (NASDAQ:ADP)?
Aug 26Is Automatic Data Processing (NASDAQ:ADP) A Risky Investment?
Aug 11Automatic Data Processing declares $1.04 dividend
Aug 03Automatic Data Processing Q4 2022 Earnings Preview
Jul 26Estimating The Intrinsic Value Of Automatic Data Processing, Inc. (NASDAQ:ADP)
Jul 03With EPS Growth And More, Automatic Data Processing (NASDAQ:ADP) Makes An Interesting Case
Jun 21Goldman Is Right, Automatic Data Processing Is An Awesome Dividend Stock
Jun 15Should You Investigate Automatic Data Processing, Inc. (NASDAQ:ADP) At US$225?
May 28Automatic Data Processing: Conservative Growth Of 13-16% In This Volatile Market
May 23If You Believe In The Premium, Automatic Data Processing Is A 'Buy'
May 13We Think Automatic Data Processing (NASDAQ:ADP) Can Stay On Top Of Its Debt
May 04Financial Position Analysis
Short Term Liabilities: ADP's short term assets ($48.5B) exceed its short term liabilities ($48.1B).
Long Term Liabilities: ADP's short term assets ($48.5B) exceed its long term liabilities ($4.7B).
Debt to Equity History and Analysis
Debt Level: ADP's net debt to equity ratio (31.2%) is considered satisfactory.
Reducing Debt: ADP's debt to equity ratio has increased from 67.3% to 69.7% over the past 5 years.
Debt Coverage: ADP's debt is well covered by operating cash flow (131.1%).
Interest Coverage: ADP's interest payments on its debt are well covered by EBIT (32.2x coverage).