A Look Into Automatic Data Processing's Debt
Portfolio Pulse from Benzinga Insights
Automatic Data Processing Inc. (NASDAQ:ADP) has seen its shares decrease by 3.78% in the past three months. The company's total debt stands at $2.99 billion, with net debt at $1.16 billion after adjusting for $1.83 billion in cash-equivalents. The debt-ratio is 0.05, indicating low financial leverage.
May 19, 2023 | 8:30 pm
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ADP's shares have decreased by 3.78% in the past three months, with a total debt of $2.99 billion and a low debt-ratio of 0.05.
ADP's share price has decreased by 3.78% in the past three months, which could be a concern for investors. However, the company's debt-ratio of 0.05 indicates low financial leverage, which is generally a positive sign for investors. The low debt-ratio suggests that the company is not at high risk for default, even if interest rates were to increase. This information may have a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100