Automatic Data Processing (BSP:ADPR34) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2023)

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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. 2023 was 0.06.

Automatic Data Processing's long-term debt to total assets ratio declined from Dec. 2022 (0.06) to Dec. 2023 (0.06). 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

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.05

0.03

0.07

0.05

0.07

Automatic Data Processing Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.06	0.07	0.07	0.06

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. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	16206.019	/	247397.943
	=	0.07

Automatic Data Processing's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	16252.637	/	279628.646
	=	0.06

Automatic Data Processing (BSP:ADPR34) 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.

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Automatic Data Processing (BSP:ADPR34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Automatic Data Processing Inc (BSP:ADPR34) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

ADP:USA ADAP:Mexico 1ADP:Italy ADP:Germany ADP:Austria ADP:Argentina

Address

One ADP Boulevard, Roseland, NJ, USA, 07068

Website

https://www.adp.com

ADP is a provider of payroll and human capital management solutions servicing the full scope of businesses from micro to global enterprises. ADP was established in 1949 and serves over 1 million clients primarily in the United States. ADP's employer services segment offers payroll, human capital management solutions, human resources outsourcing, insurance and retirement services. The smaller but faster-growing professional employer organization segment provides HR outsourcing solutions to small and midsize businesses through a co-employment model.

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