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Microsoft Excel LibreOffice Calc

Automatic Data Processing Inc. (ADP)


Analysis of Solvency Ratios

Difficulty: Beginner

Solvency ratios also known as long-term debt ratios measure a company’s ability to meet long-term obligations.


Solvency Ratios (Summary)

Automatic Data Processing Inc., solvency ratios

Microsoft Excel LibreOffice Calc
Jun 30, 2019 Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014
Debt Ratios
Debt to equity hidden hidden hidden hidden hidden hidden
Debt to capital hidden hidden hidden hidden hidden hidden
Debt to assets hidden hidden hidden hidden hidden hidden
Financial leverage hidden hidden hidden hidden hidden hidden
Coverage Ratios
Interest coverage hidden hidden hidden hidden hidden hidden
Fixed charge coverage hidden hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-08-09), 10-K (filing date: 2018-08-03), 10-K (filing date: 2017-08-04), 10-K (filing date: 2016-08-05), 10-K (filing date: 2015-08-07), 10-K (filing date: 2014-08-08).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Automatic Data Processing Inc.’s financial leverage ratio increased from 2017 to 2018 but then declined significantly from 2018 to 2019.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Automatic Data Processing Inc.’s interest coverage ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Automatic Data Processing Inc.’s fixed charge coverage ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 not reaching 2017 level.

Debt to Equity

Automatic Data Processing Inc., debt to equity calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jun 30, 2019 Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014
Selected Financial Data (US$ in thousands)
Obligations under reverse repurchase agreements hidden hidden hidden hidden hidden hidden
Obligations under commercial paper borrowings hidden hidden hidden hidden hidden hidden
Long-term debt hidden hidden hidden hidden hidden hidden
Total debt hidden hidden hidden hidden hidden hidden
 
Stockholders’ equity hidden hidden hidden hidden hidden hidden
Solvency Ratio
Debt to equity1 hidden hidden hidden hidden hidden hidden
Benchmarks
Debt to Equity, Competitors2
Accenture PLC hidden hidden hidden hidden hidden hidden
Debt to Equity, Sector
Support Services hidden hidden hidden hidden hidden hidden
Debt to Equity, Industry
Industrials hidden hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-08-09), 10-K (filing date: 2018-08-03), 10-K (filing date: 2017-08-04), 10-K (filing date: 2016-08-05), 10-K (filing date: 2015-08-07), 10-K (filing date: 2014-08-08).

1 2019 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= hidden ÷ hidden = hidden

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.

Debt to Capital

Automatic Data Processing Inc., debt to capital calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jun 30, 2019 Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014
Selected Financial Data (US$ in thousands)
Obligations under reverse repurchase agreements hidden hidden hidden hidden hidden hidden
Obligations under commercial paper borrowings hidden hidden hidden hidden hidden hidden
Long-term debt hidden hidden hidden hidden hidden hidden
Total debt hidden hidden hidden hidden hidden hidden
Stockholders’ equity hidden hidden hidden hidden hidden hidden
Total capital hidden hidden hidden hidden hidden hidden
Solvency Ratio
Debt to capital1 hidden hidden hidden hidden hidden hidden
Benchmarks
Debt to Capital, Competitors2
Accenture PLC hidden hidden hidden hidden hidden hidden
Debt to Capital, Sector
Support Services hidden hidden hidden hidden hidden hidden
Debt to Capital, Industry
Industrials hidden hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-08-09), 10-K (filing date: 2018-08-03), 10-K (filing date: 2017-08-04), 10-K (filing date: 2016-08-05), 10-K (filing date: 2015-08-07), 10-K (filing date: 2014-08-08).

1 2019 Calculation
Debt to capital = Total debt ÷ Total capital
= hidden ÷ hidden = hidden

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.

Debt to Assets

Automatic Data Processing Inc., debt to assets calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jun 30, 2019 Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014
Selected Financial Data (US$ in thousands)
Obligations under reverse repurchase agreements hidden hidden hidden hidden hidden hidden
Obligations under commercial paper borrowings hidden hidden hidden hidden hidden hidden
Long-term debt hidden hidden hidden hidden hidden hidden
Total debt hidden hidden hidden hidden hidden hidden
 
Total assets hidden hidden hidden hidden hidden hidden
Solvency Ratio
Debt to assets1 hidden hidden hidden hidden hidden hidden
Benchmarks
Debt to Assets, Competitors2
Accenture PLC hidden hidden hidden hidden hidden hidden
Debt to Assets, Sector
Support Services hidden hidden hidden hidden hidden hidden
Debt to Assets, Industry
Industrials hidden hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-08-09), 10-K (filing date: 2018-08-03), 10-K (filing date: 2017-08-04), 10-K (filing date: 2016-08-05), 10-K (filing date: 2015-08-07), 10-K (filing date: 2014-08-08).

1 2019 Calculation
Debt to assets = Total debt ÷ Total assets
= hidden ÷ hidden = hidden

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.

Financial Leverage

Automatic Data Processing Inc., financial leverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jun 30, 2019 Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014
Selected Financial Data (US$ in thousands)
Total assets hidden hidden hidden hidden hidden hidden
Stockholders’ equity hidden hidden hidden hidden hidden hidden
Solvency Ratio
Financial leverage1 hidden hidden hidden hidden hidden hidden
Benchmarks
Financial Leverage, Competitors2
Accenture PLC hidden hidden hidden hidden hidden hidden
Financial Leverage, Sector
Support Services hidden hidden hidden hidden hidden hidden
Financial Leverage, Industry
Industrials hidden hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-08-09), 10-K (filing date: 2018-08-03), 10-K (filing date: 2017-08-04), 10-K (filing date: 2016-08-05), 10-K (filing date: 2015-08-07), 10-K (filing date: 2014-08-08).

1 2019 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= hidden ÷ hidden = hidden

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.’s financial leverage ratio increased from 2017 to 2018 but then declined significantly from 2018 to 2019.

Interest Coverage

Automatic Data Processing Inc., interest coverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jun 30, 2019 Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014
Selected Financial Data (US$ in thousands)
Net earnings hidden hidden hidden hidden hidden hidden
Less: Net earnings (loss) from discontinued operations hidden hidden hidden hidden hidden hidden
Add: Income tax expense hidden hidden hidden hidden hidden hidden
Add: Interest expense hidden hidden hidden hidden hidden hidden
Earnings before interest and tax (EBIT) hidden hidden hidden hidden hidden hidden
Solvency Ratio
Interest coverage1 hidden hidden hidden hidden hidden hidden
Benchmarks
Interest Coverage, Competitors2
Accenture PLC hidden hidden hidden hidden hidden hidden
Interest Coverage, Sector
Support Services hidden hidden hidden hidden hidden hidden
Interest Coverage, Industry
Industrials hidden hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-08-09), 10-K (filing date: 2018-08-03), 10-K (filing date: 2017-08-04), 10-K (filing date: 2016-08-05), 10-K (filing date: 2015-08-07), 10-K (filing date: 2014-08-08).

1 2019 Calculation
Interest coverage = EBIT ÷ Interest expense
= hidden ÷ hidden = hidden

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.’s interest coverage ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.

Fixed Charge Coverage

Automatic Data Processing Inc., fixed charge coverage calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Jun 30, 2019 Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014
Selected Financial Data (US$ in thousands)
Net earnings hidden hidden hidden hidden hidden hidden
Less: Net earnings (loss) from discontinued operations hidden hidden hidden hidden hidden hidden
Add: Income tax expense hidden hidden hidden hidden hidden hidden
Add: Interest expense hidden hidden hidden hidden hidden hidden
Earnings before interest and tax (EBIT) hidden hidden hidden hidden hidden hidden
Add: Expense under operating lease agreements hidden hidden hidden hidden hidden hidden
Earnings before fixed charges and tax hidden hidden hidden hidden hidden hidden
 
Interest expense hidden hidden hidden hidden hidden hidden
Expense under operating lease agreements hidden hidden hidden hidden hidden hidden
Fixed charges hidden hidden hidden hidden hidden hidden
Solvency Ratio
Fixed charge coverage1 hidden hidden hidden hidden hidden hidden
Benchmarks
Fixed Charge Coverage, Competitors2
Accenture PLC hidden hidden hidden hidden hidden hidden
Fixed Charge Coverage, Sector
Support Services hidden hidden hidden hidden hidden hidden
Fixed Charge Coverage, Industry
Industrials hidden hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-08-09), 10-K (filing date: 2018-08-03), 10-K (filing date: 2017-08-04), 10-K (filing date: 2016-08-05), 10-K (filing date: 2015-08-07), 10-K (filing date: 2014-08-08).

1 2019 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= hidden ÷ hidden = hidden

2 Click competitor name to see calculations.

Solvency ratio Description The company
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Automatic Data Processing Inc.’s fixed charge coverage ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 not reaching 2017 level.