What Does Automatic Data Processing's Debt Look Like?
Portfolio Pulse from Benzinga Insights
Automatic Data Processing Inc. (NASDAQ:ADP) has seen its shares rise by 2.81% over 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.
June 22, 2023 | 7:15 pm
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ADP's shares have risen 2.81% in the past three months, with a total debt of $2.99 billion and a low debt-ratio of 0.05, indicating low financial leverage.
ADP's debt-ratio of 0.05 indicates low financial leverage, which is generally a positive sign for investors. However, the 2.81% increase in share price over the past three months is relatively modest, and the article does not provide any specific catalysts for short-term price movements. Therefore, the short-term impact on the stock price is neutral.
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