Automatic Data Processing Inc (ADP)

Debt-to-assets ratio

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Long-term debt	US$ in thousands	—	—	—	—	—
Total assets	US$ in thousands	53,369,300	54,362,700	50,971,000	63,068,200	48,772,500
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00

June 30, 2025 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $53,369,300K
= 0.00

The debt-to-assets ratio for Automatic Data Processing Inc. over the specified period from June 30, 2021, to June 30, 2025, consistently registers at 0.00. This uniformity indicates that the company has reported no outstanding debt relative to its total assets throughout this four-year span. Such a ratio suggests that the firm maintains an entirely equity-financed capital structure, with no short-term or long-term liabilities included in its financial reports. A debt-to-assets ratio of zero is relatively uncommon for large publicly traded companies, as most typically employ some level of leverage to optimize their capital structure. The persistent zero ratio could imply conservative financing policies, possibly substantial retained earnings financing, or specific reporting practices that do not classify certain obligations as debt. Overall, this stability in the debt-to-assets ratio reflects a debt-free or debt-absent financial posture over the observed years.