Automatic Data Processing's Debt Overview
Portfolio Pulse from Benzinga Insights
Automatic Data Processing Inc. (NASDAQ:ADP) has seen its shares increase by 2.99% over the past three months. The company's financial statement as of May 1, 2023, shows a long-term debt of $2.99 billion and no current debt. After adjusting for $1.83 billion in cash-equivalents, the net debt stands at $1.16 billion. The company's total assets amount to $59.88 billion, resulting in a debt-ratio of 0.05.
July 06, 2023 | 8:45 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
ADP's shares have increased by 2.99% over the past three months. The company's net debt is $1.16 billion, with a debt-ratio of 0.05, indicating a low level of financial leverage.
ADP's low debt-ratio indicates a low level of financial leverage, which is generally seen as a positive sign by investors. This, combined with the recent increase in share price, suggests a positive short-term impact on the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100