Stock Analysis on Net

Automatic Data Processing Inc. (NASDAQ:ADP)

This company has been moved to the archive! The financial data has not been updated since April 29, 2022.

Analysis of Solvency Ratios
Quarterly Data

Microsoft Excel

Solvency Ratios (Summary)

Automatic Data Processing Inc., solvency ratios (quarterly data)

Microsoft Excel
Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015
Debt Ratios
Debt to equity 0.71 0.59 0.57 0.53 0.35 0.34 0.34 0.35 0.37 0.37 1.11 0.42 0.38 0.67 0.52 0.58 0.50 0.51 0.54 0.50 0.49 0.52 0.47 0.45 0.45 0.47 0.43
Debt to equity (including operating lease liability) 0.79 0.66 0.63 0.59 0.42 0.40 0.40 0.41 0.43 0.44 1.18 0.42 0.38 0.67 0.52 0.58 0.50 0.51 0.54 0.50 0.49 0.52 0.47 0.45 0.45 0.47 0.43
Debt to capital 0.42 0.37 0.36 0.35 0.26 0.25 0.26 0.26 0.27 0.27 0.53 0.30 0.28 0.40 0.34 0.37 0.33 0.34 0.35 0.33 0.33 0.34 0.32 0.31 0.31 0.32 0.30
Debt to capital (including operating lease liability) 0.44 0.40 0.39 0.37 0.29 0.28 0.29 0.29 0.30 0.31 0.54 0.30 0.28 0.40 0.34 0.37 0.33 0.34 0.35 0.33 0.33 0.34 0.32 0.31 0.31 0.32 0.30
Debt to assets 0.04 0.05 0.05 0.06 0.04 0.04 0.05 0.05 0.05 0.04 0.16 0.05 0.04 0.08 0.07 0.05 0.05 0.04 0.06 0.05 0.05 0.05 0.06 0.05 0.04 0.05 0.06
Debt to assets (including operating lease liability) 0.05 0.06 0.06 0.07 0.04 0.05 0.05 0.06 0.05 0.05 0.17 0.05 0.04 0.08 0.07 0.05 0.05 0.04 0.06 0.05 0.05 0.05 0.06 0.05 0.04 0.05 0.06
Financial leverage 17.19 11.70 11.21 8.60 9.59 8.36 7.30 6.81 7.90 9.15 7.04 7.76 9.19 8.15 8.00 10.72 10.94 11.33 9.02 9.35 10.69 10.48 8.08 9.74 11.35 9.49 7.43
Coverage Ratios
Interest coverage 52.01 53.87 56.42 57.30 56.00 50.63 39.99 30.72 27.23 26.16 24.14 24.14 21.65 21.09 21.52 22.14 25.30 25.50 29.95 32.64 35.08 34.87 32.72 40.76

Based on: 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Automatic Data Processing Inc. debt to equity ratio deteriorated from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
Debt to equity (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Automatic Data Processing Inc. debt to equity ratio (including operating lease liability) deteriorated from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Automatic Data Processing Inc. debt to capital ratio deteriorated from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
Debt to capital (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Automatic Data Processing Inc. debt to capital ratio (including operating lease liability) deteriorated from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Automatic Data Processing Inc. debt to assets ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
Debt to assets (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Automatic Data Processing Inc. debt to assets ratio (including operating lease liability) deteriorated from Q1 2022 to Q2 2022 but then improved from Q2 2022 to Q3 2022 exceeding Q1 2022 level.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Automatic Data Processing Inc. financial leverage ratio increased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Automatic Data Processing Inc. interest coverage ratio deteriorated from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Debt to Equity

Automatic Data Processing Inc., debt to equity calculation (quarterly data)

Microsoft Excel
Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015
Selected Financial Data (US$ in thousands)
Obligations under reverse repurchase agreements 45,800 23,500 13,600 428,600 262,000 453,000 129,400
Obligations under commercial paper borrowings 3,536,700 1,206,000
Short-term debt 1,001,800 1,001,800 1,001,600 1,001,300
Long-term debt 2,986,600 2,986,100 2,985,500 2,985,000 1,994,300 1,994,100 1,993,900 1,002,800 1,002,800 1,003,000 1,003,400 2,002,200 2,002,300 2,002,300 2,002,400 2,002,400 2,002,400 2,002,400 2,002,100 2,002,400 2,002,500 2,002,500 2,007,700 2,007,700 2,007,700 1,994,800 1,995,200
Total debt 2,986,600 2,986,100 3,031,300 3,008,500 1,994,300 1,994,100 1,993,900 2,018,200 2,004,600 2,004,600 5,970,000 2,264,200 2,002,300 3,208,300 2,455,400 2,002,400 2,002,400 2,002,400 2,131,500 2,002,400 2,002,500 2,002,500 2,007,700 2,007,700 2,007,700 1,994,800 1,995,200
 
Stockholders’ equity 4,192,900 5,049,600 5,350,700 5,670,100 5,673,900 5,900,000 5,808,900 5,752,200 5,490,700 5,364,400 5,360,700 5,399,900 5,246,200 4,763,900 4,678,800 3,459,600 4,029,200 3,931,200 3,953,400 3,977,000 4,103,100 3,815,100 4,250,100 4,481,600 4,503,200 4,206,200 4,630,200
Solvency Ratio
Debt to equity1 0.71 0.59 0.57 0.53 0.35 0.34 0.34 0.35 0.37 0.37 1.11 0.42 0.38 0.67 0.52 0.58 0.50 0.51 0.54 0.50 0.49 0.52 0.47 0.45 0.45 0.47 0.43
Benchmarks
Debt to Equity, Competitors2
Accenture PLC 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Adobe Inc. 0.29 0.30 0.30 0.28 0.29 0.30 0.30 0.31 0.35 0.38 0.39 0.39 0.40 0.42 0.42 0.44 0.21 0.22 0.22
Autodesk Inc. 2.05 1.23 1.45 1.70 23.62 24.31
Cadence Design Systems Inc. 0.29 0.13 0.13 0.13 0.13 0.14 0.14 0.14 0.29 0.31 0.32 0.16 0.23 0.24 0.29
CrowdStrike Holdings Inc. 0.78 0.82 0.87 0.85 0.00 0.00 0.00 0.00 0.00 0.00 0.00
International Business Machines Corp. 2.53 2.59 2.85 2.74 2.45 2.51 2.64 2.99 3.08 3.15 3.22 3.02 3.69 4.14 3.03
Intuit Inc. 0.40 0.43 0.21 0.21 0.20 0.27 0.45 0.66 0.08 0.11 0.12 0.12 0.11 0.15 0.15
Microsoft Corp. 0.31 0.33 0.35 0.41 0.43 0.46 0.52 0.54 0.58 0.63 0.66 0.71 0.77 0.79 0.89
Oracle Corp. 16.08 7.79 8.94 7.46 5.93 3.63 3.32 2.95 2.58 2.37 1.90 1.53
Palo Alto Networks Inc. 10.89 31.19 7.08 5.08 3.20 3.04 4.18 2.80 1.98 0.91 0.95 0.90 1.08 1.45 1.30
Salesforce Inc. 0.19 0.24 0.06 0.06 0.07 0.07 0.08 0.08 0.08 0.17 0.19 0.20 0.25 0.27 0.29
ServiceNow Inc. 0.33 0.35 0.39 0.43 0.45 0.48 0.53 0.58 0.64 0.28 0.31 0.33 0.48 0.54 0.56
Synopsys Inc. 0.00 0.00 0.00 0.02 0.02 0.02 0.03 0.03 0.03 0.06 0.08 0.03 0.04 0.07 0.14 0.13 0.20 0.16 0.18

Based on: 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30).

1 Q3 2022 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 2,986,600 ÷ 4,192,900 = 0.71

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Automatic Data Processing Inc. debt to equity ratio deteriorated from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Debt to Equity (including Operating Lease Liability)

Automatic Data Processing Inc., debt to equity (including operating lease liability) calculation (quarterly data)

Microsoft Excel
Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015
Selected Financial Data (US$ in thousands)
Obligations under reverse repurchase agreements 45,800 23,500 13,600 428,600 262,000 453,000 129,400
Obligations under commercial paper borrowings 3,536,700 1,206,000
Short-term debt 1,001,800 1,001,800 1,001,600 1,001,300
Long-term debt 2,986,600 2,986,100 2,985,500 2,985,000 1,994,300 1,994,100 1,993,900 1,002,800 1,002,800 1,003,000 1,003,400 2,002,200 2,002,300 2,002,300 2,002,400 2,002,400 2,002,400 2,002,400 2,002,100 2,002,400 2,002,500 2,002,500 2,007,700 2,007,700 2,007,700 1,994,800 1,995,200
Total debt 2,986,600 2,986,100 3,031,300 3,008,500 1,994,300 1,994,100 1,993,900 2,018,200 2,004,600 2,004,600 5,970,000 2,264,200 2,002,300 3,208,300 2,455,400 2,002,400 2,002,400 2,002,400 2,131,500 2,002,400 2,002,500 2,002,500 2,007,700 2,007,700 2,007,700 1,994,800 1,995,200
Long-term operating lease liabilities 344,900 363,500 345,700 343,200 360,900 357,400 330,400 344,400 361,200 360,200 355,400
Total debt (including operating lease liability) 3,331,500 3,349,600 3,377,000 3,351,700 2,355,200 2,351,500 2,324,300 2,362,600 2,365,800 2,364,800 6,325,400 2,264,200 2,002,300 3,208,300 2,455,400 2,002,400 2,002,400 2,002,400 2,131,500 2,002,400 2,002,500 2,002,500 2,007,700 2,007,700 2,007,700 1,994,800 1,995,200
 
Stockholders’ equity 4,192,900 5,049,600 5,350,700 5,670,100 5,673,900 5,900,000 5,808,900 5,752,200 5,490,700 5,364,400 5,360,700 5,399,900 5,246,200 4,763,900 4,678,800 3,459,600 4,029,200 3,931,200 3,953,400 3,977,000 4,103,100 3,815,100 4,250,100 4,481,600 4,503,200 4,206,200 4,630,200
Solvency Ratio
Debt to equity (including operating lease liability)1 0.79 0.66 0.63 0.59 0.42 0.40 0.40 0.41 0.43 0.44 1.18 0.42 0.38 0.67 0.52 0.58 0.50 0.51 0.54 0.50 0.49 0.52 0.47 0.45 0.45 0.47 0.43
Benchmarks
Debt to Equity (including Operating Lease Liability), Competitors2
Accenture PLC 0.16 0.17 0.17 0.18 0.18 0.19 0.19 0.21 0.22 0.22 0.22 0.00 0.00 0.00 0.00
Adobe Inc. 0.32 0.33 0.34 0.32 0.33 0.34 0.35 0.35 0.40 0.43 0.45 0.39 0.40 0.42 0.42 0.44 0.21 0.22 0.22
Autodesk Inc. 2.38 1.57 1.85 2.18 30.29 30.95
CrowdStrike Holdings Inc. 0.82 0.86 0.92 0.89 0.05 0.06 0.05 0.00 0.00 0.00 0.00
International Business Machines Corp. 2.68 2.75 3.02 2.92 2.65 2.72 2.86 3.23 3.32 3.39 3.47 3.27 3.98 4.44 3.33
Intuit Inc. 0.43 0.46 0.25 0.24 0.24 0.31 0.49 0.70 0.13 0.19 0.20 0.12 0.11 0.15 0.15
Microsoft Corp. 0.38 0.40 0.42 0.48 0.50 0.53 0.58 0.60 0.65 0.70 0.72 0.77 0.83 0.86 0.95
Palo Alto Networks Inc. 11.70 33.58 7.65 5.58 3.52 3.35 4.61 3.10 2.45 1.13 1.20 0.90 1.08 1.45 1.30
Salesforce Inc. 0.25 0.30 0.14 0.15 0.14 0.15 0.17 0.17 0.18 0.35 0.38 0.20 0.25 0.27 0.29
ServiceNow Inc. 0.47 0.51 0.55 0.60 0.63 0.64 0.69 0.75 0.82 0.48 0.53 0.53 0.79 0.88 0.91
Synopsys Inc. 0.12 0.12 0.11 0.13 0.13 0.14 0.13 0.14 0.15 0.18 0.21 0.03 0.04 0.07 0.14 0.13 0.20 0.16 0.18

Based on: 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30).

1 Q3 2022 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 3,331,500 ÷ 4,192,900 = 0.79

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Automatic Data Processing Inc. debt to equity ratio (including operating lease liability) deteriorated from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Debt to Capital

Automatic Data Processing Inc., debt to capital calculation (quarterly data)

Microsoft Excel
Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015
Selected Financial Data (US$ in thousands)
Obligations under reverse repurchase agreements 45,800 23,500 13,600 428,600 262,000 453,000 129,400
Obligations under commercial paper borrowings 3,536,700 1,206,000
Short-term debt 1,001,800 1,001,800 1,001,600 1,001,300
Long-term debt 2,986,600 2,986,100 2,985,500 2,985,000 1,994,300 1,994,100 1,993,900 1,002,800 1,002,800 1,003,000 1,003,400 2,002,200 2,002,300 2,002,300 2,002,400 2,002,400 2,002,400 2,002,400 2,002,100 2,002,400 2,002,500 2,002,500 2,007,700 2,007,700 2,007,700 1,994,800 1,995,200
Total debt 2,986,600 2,986,100 3,031,300 3,008,500 1,994,300 1,994,100 1,993,900 2,018,200 2,004,600 2,004,600 5,970,000 2,264,200 2,002,300 3,208,300 2,455,400 2,002,400 2,002,400 2,002,400 2,131,500 2,002,400 2,002,500 2,002,500 2,007,700 2,007,700 2,007,700 1,994,800 1,995,200
Stockholders’ equity 4,192,900 5,049,600 5,350,700 5,670,100 5,673,900 5,900,000 5,808,900 5,752,200 5,490,700 5,364,400 5,360,700 5,399,900 5,246,200 4,763,900 4,678,800 3,459,600 4,029,200 3,931,200 3,953,400 3,977,000 4,103,100 3,815,100 4,250,100 4,481,600 4,503,200 4,206,200 4,630,200
Total capital 7,179,500 8,035,700 8,382,000 8,678,600 7,668,200 7,894,100 7,802,800 7,770,400 7,495,300 7,369,000 11,330,700 7,664,100 7,248,500 7,972,200 7,134,200 5,462,000 6,031,600 5,933,600 6,084,900 5,979,400 6,105,600 5,817,600 6,257,800 6,489,300 6,510,900 6,201,000 6,625,400
Solvency Ratio
Debt to capital1 0.42 0.37 0.36 0.35 0.26 0.25 0.26 0.26 0.27 0.27 0.53 0.30 0.28 0.40 0.34 0.37 0.33 0.34 0.35 0.33 0.33 0.34 0.32 0.31 0.31 0.32 0.30
Benchmarks
Debt to Capital, Competitors2
Accenture PLC 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Adobe Inc. 0.22 0.23 0.23 0.22 0.22 0.23 0.23 0.24 0.26 0.27 0.28 0.28 0.29 0.29 0.29 0.31 0.17 0.18 0.18
Autodesk Inc. 0.67 0.55 0.59 0.63 0.96 0.96 1.09 1.07 1.11 1.12 1.14 1.11 1.27 1.18 1.09
Cadence Design Systems Inc. 0.23 0.12 0.11 0.11 0.12 0.12 0.12 0.12 0.23 0.24 0.24 0.14 0.19 0.19 0.22
CrowdStrike Holdings Inc. 0.44 0.45 0.47 0.46 0.00 0.00 0.00 0.00 0.00 0.00 0.00
International Business Machines Corp. 0.72 0.72 0.74 0.73 0.71 0.72 0.73 0.75 0.76 0.76 0.76 0.75 0.79 0.81 0.75
Intuit Inc. 0.29 0.30 0.17 0.17 0.17 0.21 0.31 0.40 0.08 0.10 0.10 0.10 0.10 0.13 0.13
Microsoft Corp. 0.23 0.25 0.26 0.29 0.30 0.32 0.34 0.35 0.37 0.39 0.40 0.41 0.44 0.44 0.47
Oracle Corp. 1.12 1.15 1.02 0.94 0.89 0.90 0.88 0.86 0.78 0.77 0.75 0.72 0.70 0.65 0.60
Palo Alto Networks Inc. 0.92 0.97 0.88 0.84 0.76 0.75 0.81 0.74 0.66 0.48 0.49 0.47 0.52 0.59 0.56
Salesforce Inc. 0.16 0.19 0.06 0.06 0.06 0.07 0.07 0.07 0.08 0.15 0.16 0.17 0.20 0.21 0.22
ServiceNow Inc. 0.25 0.26 0.28 0.30 0.31 0.33 0.35 0.37 0.39 0.22 0.24 0.25 0.32 0.35 0.36
Synopsys Inc. 0.00 0.00 0.00 0.02 0.02 0.02 0.02 0.03 0.03 0.05 0.07 0.03 0.03 0.07 0.13 0.12 0.16 0.14 0.15

Based on: 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30).

1 Q3 2022 Calculation
Debt to capital = Total debt ÷ Total capital
= 2,986,600 ÷ 7,179,500 = 0.42

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Automatic Data Processing Inc. debt to capital ratio deteriorated from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Debt to Capital (including Operating Lease Liability)

Automatic Data Processing Inc., debt to capital (including operating lease liability) calculation (quarterly data)

Microsoft Excel
Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015
Selected Financial Data (US$ in thousands)
Obligations under reverse repurchase agreements 45,800 23,500 13,600 428,600 262,000 453,000 129,400
Obligations under commercial paper borrowings 3,536,700 1,206,000
Short-term debt 1,001,800 1,001,800 1,001,600 1,001,300
Long-term debt 2,986,600 2,986,100 2,985,500 2,985,000 1,994,300 1,994,100 1,993,900 1,002,800 1,002,800 1,003,000 1,003,400 2,002,200 2,002,300 2,002,300 2,002,400 2,002,400 2,002,400 2,002,400 2,002,100 2,002,400 2,002,500 2,002,500 2,007,700 2,007,700 2,007,700 1,994,800 1,995,200
Total debt 2,986,600 2,986,100 3,031,300 3,008,500 1,994,300 1,994,100 1,993,900 2,018,200 2,004,600 2,004,600 5,970,000 2,264,200 2,002,300 3,208,300 2,455,400 2,002,400 2,002,400 2,002,400 2,131,500 2,002,400 2,002,500 2,002,500 2,007,700 2,007,700 2,007,700 1,994,800 1,995,200
Long-term operating lease liabilities 344,900 363,500 345,700 343,200 360,900 357,400 330,400 344,400 361,200 360,200 355,400
Total debt (including operating lease liability) 3,331,500 3,349,600 3,377,000 3,351,700 2,355,200 2,351,500 2,324,300 2,362,600 2,365,800 2,364,800 6,325,400 2,264,200 2,002,300 3,208,300 2,455,400 2,002,400 2,002,400 2,002,400 2,131,500 2,002,400 2,002,500 2,002,500 2,007,700 2,007,700 2,007,700 1,994,800 1,995,200
Stockholders’ equity 4,192,900 5,049,600 5,350,700 5,670,100 5,673,900 5,900,000 5,808,900 5,752,200 5,490,700 5,364,400 5,360,700 5,399,900 5,246,200 4,763,900 4,678,800 3,459,600 4,029,200 3,931,200 3,953,400 3,977,000 4,103,100 3,815,100 4,250,100 4,481,600 4,503,200 4,206,200 4,630,200
Total capital (including operating lease liability) 7,524,400 8,399,200 8,727,700 9,021,800 8,029,100 8,251,500 8,133,200 8,114,800 7,856,500 7,729,200 11,686,100 7,664,100 7,248,500 7,972,200 7,134,200 5,462,000 6,031,600 5,933,600 6,084,900 5,979,400 6,105,600 5,817,600 6,257,800 6,489,300 6,510,900 6,201,000 6,625,400
Solvency Ratio
Debt to capital (including operating lease liability)1 0.44 0.40 0.39 0.37 0.29 0.28 0.29 0.29 0.30 0.31 0.54 0.30 0.28 0.40 0.34 0.37 0.33 0.34 0.35 0.33 0.33 0.34 0.32 0.31 0.31 0.32 0.30
Benchmarks
Debt to Capital (including Operating Lease Liability), Competitors2
Accenture PLC 0.14 0.15 0.15 0.15 0.15 0.16 0.16 0.17 0.18 0.18 0.18 0.00 0.00 0.00 0.00
Adobe Inc. 0.24 0.25 0.25 0.24 0.25 0.25 0.26 0.26 0.29 0.30 0.31 0.28 0.29 0.29 0.29 0.31 0.17 0.18 0.18
Autodesk Inc. 0.70 0.61 0.65 0.69 0.97 0.97 1.07 1.06 1.09 1.10 1.12 1.11 1.27 1.18 1.09
CrowdStrike Holdings Inc. 0.45 0.46 0.48 0.47 0.05 0.05 0.05 0.00 0.00 0.00 0.00
International Business Machines Corp. 0.73 0.73 0.75 0.74 0.73 0.73 0.74 0.76 0.77 0.77 0.78 0.77 0.80 0.82 0.77
Intuit Inc. 0.30 0.31 0.20 0.20 0.19 0.24 0.33 0.41 0.11 0.16 0.17 0.10 0.10 0.13 0.13
Microsoft Corp. 0.27 0.29 0.29 0.32 0.33 0.35 0.37 0.38 0.39 0.41 0.42 0.43 0.45 0.46 0.49
Palo Alto Networks Inc. 0.92 0.97 0.88 0.85 0.78 0.77 0.82 0.76 0.71 0.53 0.55 0.47 0.52 0.59 0.56
Salesforce Inc. 0.20 0.23 0.13 0.13 0.13 0.13 0.14 0.15 0.15 0.26 0.27 0.17 0.20 0.21 0.22
ServiceNow Inc. 0.32 0.34 0.36 0.37 0.39 0.39 0.41 0.43 0.45 0.33 0.35 0.35 0.44 0.47 0.48
Synopsys Inc. 0.11 0.11 0.10 0.11 0.12 0.12 0.12 0.12 0.13 0.15 0.17 0.03 0.03 0.07 0.13 0.12 0.16 0.14 0.15

Based on: 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30).

1 Q3 2022 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 3,331,500 ÷ 7,524,400 = 0.44

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Automatic Data Processing Inc. debt to capital ratio (including operating lease liability) deteriorated from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Debt to Assets

Automatic Data Processing Inc., debt to assets calculation (quarterly data)

Microsoft Excel
Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015
Selected Financial Data (US$ in thousands)
Obligations under reverse repurchase agreements 45,800 23,500 13,600 428,600 262,000 453,000 129,400
Obligations under commercial paper borrowings 3,536,700 1,206,000
Short-term debt 1,001,800 1,001,800 1,001,600 1,001,300
Long-term debt 2,986,600 2,986,100 2,985,500 2,985,000 1,994,300 1,994,100 1,993,900 1,002,800 1,002,800 1,003,000 1,003,400 2,002,200 2,002,300 2,002,300 2,002,400 2,002,400 2,002,400 2,002,400 2,002,100 2,002,400 2,002,500 2,002,500 2,007,700 2,007,700 2,007,700 1,994,800 1,995,200
Total debt 2,986,600 2,986,100 3,031,300 3,008,500 1,994,300 1,994,100 1,993,900 2,018,200 2,004,600 2,004,600 5,970,000 2,264,200 2,002,300 3,208,300 2,455,400 2,002,400 2,002,400 2,002,400 2,131,500 2,002,400 2,002,500 2,002,500 2,007,700 2,007,700 2,007,700 1,994,800 1,995,200
 
Total assets 72,068,100 59,102,600 59,987,200 48,772,500 54,407,700 49,325,900 42,390,100 39,165,500 43,383,400 49,059,400 37,714,700 41,887,700 48,196,300 38,806,300 37,416,700 37,088,700 44,065,500 44,545,500 35,661,100 37,180,000 43,855,900 39,999,400 34,337,400 43,670,000 51,125,600 39,899,500 34,380,300
Solvency Ratio
Debt to assets1 0.04 0.05 0.05 0.06 0.04 0.04 0.05 0.05 0.05 0.04 0.16 0.05 0.04 0.08 0.07 0.05 0.05 0.04 0.06 0.05 0.05 0.05 0.06 0.05 0.04 0.05 0.06
Benchmarks
Debt to Assets, Competitors2
Accenture PLC 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Adobe Inc. 0.15 0.16 0.16 0.15 0.16 0.16 0.16 0.17 0.18 0.19 0.19 0.20 0.21 0.21 0.21 0.22 0.12 0.12 0.13
Autodesk Inc. 0.31 0.22 0.22 0.22 0.28 0.28 0.30 0.34 0.35 0.38 0.41 0.44 0.42 0.41 0.41
Cadence Design Systems Inc. 0.16 0.08 0.08 0.08 0.08 0.08 0.09 0.09 0.17 0.17 0.18 0.10 0.13 0.13 0.16
CrowdStrike Holdings Inc. 0.22 0.24 0.26 0.27 0.00 0.00 0.00 0.00 0.00 0.00 0.00
International Business Machines Corp. 0.40 0.39 0.41 0.39 0.38 0.38 0.38 0.39 0.42 0.42 0.42 0.41 0.44 0.47 0.38
Intuit Inc. 0.24 0.26 0.14 0.13 0.13 0.16 0.24 0.31 0.05 0.06 0.07 0.07 0.06 0.08 0.09
Microsoft Corp. 0.14 0.16 0.16 0.17 0.19 0.20 0.21 0.21 0.23 0.25 0.25 0.25 0.28 0.28 0.30
Oracle Corp. 0.72 0.73 0.67 0.64 0.59 0.64 0.62 0.62 0.53 0.52 0.51 0.52 0.51 0.49 0.45
Palo Alto Networks Inc. 0.33 0.35 0.35 0.31 0.33 0.33 0.36 0.34 0.23 0.20 0.21 0.22 0.25 0.27 0.28
Salesforce Inc. 0.12 0.15 0.04 0.04 0.05 0.05 0.05 0.05 0.06 0.09 0.10 0.10 0.14 0.14 0.14
ServiceNow Inc. 0.13 0.13 0.14 0.15 0.17 0.17 0.18 0.19 0.22 0.11 0.11 0.12 0.14 0.15 0.15
Synopsys Inc. 0.00 0.00 0.00 0.01 0.01 0.01 0.02 0.02 0.02 0.03 0.05 0.02 0.02 0.05 0.09 0.08 0.11 0.09 0.10

Based on: 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30).

1 Q3 2022 Calculation
Debt to assets = Total debt ÷ Total assets
= 2,986,600 ÷ 72,068,100 = 0.04

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Automatic Data Processing Inc. debt to assets ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Debt to Assets (including Operating Lease Liability)

Automatic Data Processing Inc., debt to assets (including operating lease liability) calculation (quarterly data)

Microsoft Excel
Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015
Selected Financial Data (US$ in thousands)
Obligations under reverse repurchase agreements 45,800 23,500 13,600 428,600 262,000 453,000 129,400
Obligations under commercial paper borrowings 3,536,700 1,206,000
Short-term debt 1,001,800 1,001,800 1,001,600 1,001,300
Long-term debt 2,986,600 2,986,100 2,985,500 2,985,000 1,994,300 1,994,100 1,993,900 1,002,800 1,002,800 1,003,000 1,003,400 2,002,200 2,002,300 2,002,300 2,002,400 2,002,400 2,002,400 2,002,400 2,002,100 2,002,400 2,002,500 2,002,500 2,007,700 2,007,700 2,007,700 1,994,800 1,995,200
Total debt 2,986,600 2,986,100 3,031,300 3,008,500 1,994,300 1,994,100 1,993,900 2,018,200 2,004,600 2,004,600 5,970,000 2,264,200 2,002,300 3,208,300 2,455,400 2,002,400 2,002,400 2,002,400 2,131,500 2,002,400 2,002,500 2,002,500 2,007,700 2,007,700 2,007,700 1,994,800 1,995,200
Long-term operating lease liabilities 344,900 363,500 345,700 343,200 360,900 357,400 330,400 344,400 361,200 360,200 355,400
Total debt (including operating lease liability) 3,331,500 3,349,600 3,377,000 3,351,700 2,355,200 2,351,500 2,324,300 2,362,600 2,365,800 2,364,800 6,325,400 2,264,200 2,002,300 3,208,300 2,455,400 2,002,400 2,002,400 2,002,400 2,131,500 2,002,400 2,002,500 2,002,500 2,007,700 2,007,700 2,007,700 1,994,800 1,995,200
 
Total assets 72,068,100 59,102,600 59,987,200 48,772,500 54,407,700 49,325,900 42,390,100 39,165,500 43,383,400 49,059,400 37,714,700 41,887,700 48,196,300 38,806,300 37,416,700 37,088,700 44,065,500 44,545,500 35,661,100 37,180,000 43,855,900 39,999,400 34,337,400 43,670,000 51,125,600 39,899,500 34,380,300
Solvency Ratio
Debt to assets (including operating lease liability)1 0.05 0.06 0.06 0.07 0.04 0.05 0.05 0.06 0.05 0.05 0.17 0.05 0.04 0.08 0.07 0.05 0.05 0.04 0.06 0.05 0.05 0.05 0.06 0.05 0.04 0.05 0.06
Benchmarks
Debt to Assets (including Operating Lease Liability), Competitors2
Accenture PLC 0.08 0.08 0.08 0.08 0.08 0.09 0.09 0.09 0.10 0.10 0.10 0.00 0.00 0.00 0.00
Adobe Inc. 0.17 0.18 0.18 0.17 0.18 0.18 0.19 0.19 0.21 0.22 0.22 0.20 0.21 0.21 0.21 0.22 0.12 0.12 0.13
Autodesk Inc. 0.36 0.28 0.29 0.29 0.35 0.36 0.38 0.41 0.41 0.44 0.48 0.44 0.42 0.41 0.41
CrowdStrike Holdings Inc. 0.24 0.25 0.27 0.29 0.02 0.03 0.03 0.00 0.00 0.00 0.00
International Business Machines Corp. 0.43 0.42 0.43 0.42 0.41 0.41 0.41 0.43 0.46 0.45 0.45 0.45 0.48 0.51 0.42
Intuit Inc. 0.25 0.27 0.16 0.16 0.15 0.19 0.27 0.33 0.08 0.10 0.12 0.07 0.06 0.08 0.09
Microsoft Corp. 0.18 0.19 0.19 0.20 0.22 0.23 0.24 0.24 0.26 0.27 0.27 0.27 0.30 0.30 0.32
Palo Alto Networks Inc. 0.36 0.38 0.38 0.35 0.37 0.37 0.39 0.38 0.28 0.25 0.27 0.22 0.25 0.27 0.28
Salesforce Inc. 0.16 0.19 0.09 0.09 0.10 0.10 0.11 0.11 0.12 0.18 0.19 0.10 0.14 0.14 0.14
ServiceNow Inc. 0.19 0.19 0.20 0.21 0.23 0.23 0.24 0.24 0.29 0.18 0.19 0.19 0.24 0.24 0.25
Synopsys Inc. 0.07 0.07 0.07 0.08 0.08 0.08 0.08 0.08 0.09 0.11 0.12 0.02 0.02 0.05 0.09 0.08 0.11 0.09 0.10

Based on: 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30).

1 Q3 2022 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 3,331,500 ÷ 72,068,100 = 0.05

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Automatic Data Processing Inc. debt to assets ratio (including operating lease liability) deteriorated from Q1 2022 to Q2 2022 but then improved from Q2 2022 to Q3 2022 exceeding Q1 2022 level.

Financial Leverage

Automatic Data Processing Inc., financial leverage calculation (quarterly data)

Microsoft Excel
Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015
Selected Financial Data (US$ in thousands)
Total assets 72,068,100 59,102,600 59,987,200 48,772,500 54,407,700 49,325,900 42,390,100 39,165,500 43,383,400 49,059,400 37,714,700 41,887,700 48,196,300 38,806,300 37,416,700 37,088,700 44,065,500 44,545,500 35,661,100 37,180,000 43,855,900 39,999,400 34,337,400 43,670,000 51,125,600 39,899,500 34,380,300
Stockholders’ equity 4,192,900 5,049,600 5,350,700 5,670,100 5,673,900 5,900,000 5,808,900 5,752,200 5,490,700 5,364,400 5,360,700 5,399,900 5,246,200 4,763,900 4,678,800 3,459,600 4,029,200 3,931,200 3,953,400 3,977,000 4,103,100 3,815,100 4,250,100 4,481,600 4,503,200 4,206,200 4,630,200
Solvency Ratio
Financial leverage1 17.19 11.70 11.21 8.60 9.59 8.36 7.30 6.81 7.90 9.15 7.04 7.76 9.19 8.15 8.00 10.72 10.94 11.33 9.02 9.35 10.69 10.48 8.08 9.74 11.35 9.49 7.43
Benchmarks
Financial Leverage, Competitors2
Accenture PLC 2.16 2.16 2.15 2.21 2.18 2.18 2.14 2.18 2.19 2.17 2.19 2.07 2.05 2.05 2.11
Adobe Inc. 1.86 1.88 1.89 1.84 1.81 1.85 1.84 1.83 1.91 1.99 2.03 1.97 1.96 1.98 1.98 2.00 1.74 1.74 1.73
Autodesk Inc. 6.67 5.59 6.47 7.54 85.78 85.40
Cadence Design Systems Inc. 1.83 1.66 1.59 1.60 1.60 1.64 1.57 1.58 1.73 1.77 1.75 1.60 1.80 1.83 1.86
CrowdStrike Holdings Inc. 3.48 3.47 3.39 3.14 2.15 2.04 2.02 1.89 1.75 1.61 6.29
International Business Machines Corp. 6.27 6.57 7.00 6.98 6.49 6.69 6.95 7.57 7.27 7.50 7.67 7.30 8.33 8.76 7.94
Intuit Inc. 1.68 1.69 1.53 1.57 1.58 1.65 1.85 2.14 1.64 1.80 1.70 1.68 1.70 1.91 1.77
Microsoft Corp. 2.12 2.13 2.21 2.35 2.30 2.34 2.44 2.55 2.49 2.57 2.63 2.80 2.78 2.81 3.00
Oracle Corp. 25.03 13.27 13.90 11.96 9.56 6.79 6.33 5.76 4.99 4.61 3.87 3.37
Palo Alto Networks Inc. 32.88 88.29 20.09 16.14 9.59 9.15 11.68 8.23 8.73 4.47 4.50 4.16 4.31 5.33 4.63
Salesforce Inc. 1.53 1.60 1.52 1.60 1.47 1.50 1.55 1.63 1.50 1.94 2.02 1.97 1.81 1.91 2.08
ServiceNow Inc. 2.46 2.65 2.75 2.92 2.68 2.81 2.90 3.07 2.88 2.63 2.73 2.83 3.33 3.65 3.68
Synopsys Inc. 1.66 1.66 1.65 1.65 1.65 1.64 1.64 1.64 1.67 1.71 1.74 1.57 1.56 1.58 1.68 1.77 1.84 1.75 1.82

Based on: 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30).

1 Q3 2022 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 72,068,100 ÷ 4,192,900 = 17.19

2 Click competitor name to see calculations.

Solvency ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Automatic Data Processing Inc. financial leverage ratio increased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Interest Coverage

Automatic Data Processing Inc., interest coverage calculation (quarterly data)

Microsoft Excel
Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015
Selected Financial Data (US$ in thousands)
Net earnings 928,500 694,400 700,500 538,200 810,700 647,500 602,100 411,600 820,900 651,600 582,400 475,500 753,700 558,200 505,400 108,700 643,100 467,500 401,500 265,900 587,900 510,900 368,700 282,000 532,500 341,400 336,600
Less: Net loss from discontinued operations (900)
Add: Income tax expense 261,400 215,700 200,300 159,000 255,500 185,100 163,100 119,700 255,800 183,900 156,700 157,800 230,800 182,800 141,400 95,900 209,500 98,200 146,700 122,400 240,000 275,300 160,000 145,000 262,300 166,500 167,500
Add: Interest expense 18,400 18,400 18,500 17,200 13,500 13,900 15,100 15,600 20,000 31,600 39,900 33,700 21,700 38,600 35,900 28,600 18,600 27,500 28,000 22,800 16,800 20,500 19,900 18,200 16,300 16,800 4,900
Earnings before interest and tax (EBIT) 1,208,300 928,500 919,300 714,400 1,079,700 846,500 780,300 546,900 1,096,700 867,100 779,000 667,000 1,006,200 779,600 682,700 233,200 871,200 593,200 576,200 411,100 844,700 806,700 548,600 445,200 811,100 524,700 509,900
Solvency Ratio
Interest coverage1 52.01 53.87 56.42 57.30 56.00 50.63 39.99 30.72 27.23 26.16 24.14 24.14 21.65 21.09 21.52 22.14 25.30 25.50 29.95 32.64 35.08 34.87 32.72 40.76
Benchmarks
Interest Coverage, Competitors2
Accenture PLC 188.01 133.08 133.32 131.46 126.89 196.99 191.96 205.84 248.30 245.62 270.18 273.26
Adobe Inc. 54.21 54.34 53.39 51.49 49.52 45.92 42.50 37.00 32.36 28.08 23.87 21.38 20.83 22.62 26.41 32.31
Cadence Design Systems Inc. 57.84 58.34 52.92 46.26 44.21 40.38 35.68 31.50 28.46 27.45 27.61 26.44
CrowdStrike Holdings Inc. -6.41 -8.16 -12.40 -55.36 -151.33 -185.47 -226.03 -315.25
International Business Machines Corp. 1.59 6.01 5.40 5.19 3.79 4.56 4.97 4.60 6.54 5.90 6.64 8.56
Intuit Inc. 55.36 62.71 93.29 89.14 92.00 89.58 120.30 158.00 158.50 164.67 148.46 126.40
Oracle Corp. 3.98 4.23 6.06 6.21 6.27 6.48 6.76 7.05 7.31 7.14 6.96 6.89
Palo Alto Networks Inc. -4.28 -3.42 -2.65 -1.85 -1.68 -1.49 -1.36 -1.61 -1.55 -0.92 -0.09 0.11

Based on: 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30).

1 Q3 2022 Calculation
Interest coverage = (EBITQ3 2022 + EBITQ2 2022 + EBITQ1 2022 + EBITQ4 2021) ÷ (Interest expenseQ3 2022 + Interest expenseQ2 2022 + Interest expenseQ1 2022 + Interest expenseQ4 2021)
= (1,208,300 + 928,500 + 919,300 + 714,400) ÷ (18,400 + 18,400 + 18,500 + 17,200) = 52.01

2 Click competitor name to see calculations.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Automatic Data Processing Inc. interest coverage ratio deteriorated from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.