Automatic Data Processing Financial Health

Short Term Liabilities: ADP's short term assets ($46.1B) do not cover its short term liabilities ($46.8B).

Long Term Liabilities: ADP's short term assets ($46.1B) exceed its long term liabilities ($4.7B).

Debt Level: ADP's net debt to equity ratio (55%) is considered high.

Reducing Debt: ADP's debt to equity ratio has increased from 50.9% to 100% over the past 5 years.

Debt Coverage: ADP's debt is well covered by operating cash flow (117.2%).

Interest Coverage: ADP's interest payments on its debt are well covered by EBIT (58x coverage).

• Healthy companies in the Software industry.