ADP (Automatic Data Processing) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2024)

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What is Automatic Data Processing LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Automatic Data Processing's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.05.

Automatic Data Processing's long-term debt to total assets ratio declined from Dec. 2023 (0.06) to Dec. 2024 (0.05). It may suggest that Automatic Data Processing is progressively becoming less dependent on debt to grow their business.

Automatic Data Processing LT-Debt-to-Total-Asset Historical Data

The historical data trend for Automatic Data Processing's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Automatic Data Processing LT-Debt-to-Total-Asset Chart

Automatic Data Processing Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.03

0.07

0.05

0.07

0.06

Automatic Data Processing Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.05	0.06	0.07	0.05

Automatic Data Processing LT-Debt-to-Total-Asset Calculation

Automatic Data Processing's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	3319.9	/	54362.7
	=	0.06

Automatic Data Processing's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	3282.3	/	64096.7
	=	0.05

Automatic Data Processing (NAS:ADP) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Automatic Data Processing LT-Debt-to-Total-Asset Related Terms

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Automatic Data Processing Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Automatic Data Processing Inc (NAS:ADP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ADAP:Mexico 1ADP:Italy 0HJI:UK ADP:Germany ADP:Germany ADPR34:Brazil ADP:Austria ADP:Argentina

Address

One ADP Boulevard, Roseland, NJ, USA, 07068

Website

https://www.adp.com

Automatic Data Processing is a global technology company providing cloud-based human capital management solutions enabling clients to better implement payroll, talent, time, tax, and benefits administration. Additionally, ADP provides human resource outsourcing solutions that allow customers to offload some of their traditional HR tasks. The company operates through two segments: employer services and the professional employer organization services. Employer services consists of the company's HCM products as well as a la carte HRO solutions. PEO services contains ADP's comprehensive HRO solution where it acts as a co-employer with its customer. As of fiscal 2024, ADP serves over 1.1 million clients and pays over 42 million workers across 140 countries.

Executives

Christopher D'ambrosio	officer: Corp. VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
Michael A Bonarti	officer: Staff Vice President	ONE ADP BOULEVARD, ROSELAND NJ 07068
Virginia Magliulo	officer: Corp VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
David Kwon	officer: Corp VP	ONE ADP BOULEVARD, ROSELAD NJ 07068
John Ayala	officer: Corp. VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
Maria Black	officer: Corp. VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
Brian L. Michaud	officer: Corp VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
Joseph Desilva	officer: Corp VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
Don Mcguire	officer: Corp VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
Sreenivasa Kutam	officer: Corp VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
Carlos A Rodriguez	officer: Corporate Vice President	10200 SUNSET DRIVE, MIAMI FL 33173
Brock Albinson	officer: Corp. VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
Paul Boland	officer: Corp. VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
Donald Weinstein	officer: Corporate VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
James T Sperduto	officer: Corp VP	ONE ADP BOULEVARD, ROSELAND NJ 07068