Automatic Data Processing Inc (ADP)

Debt-to-equity ratio

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	6,188,000	4,547,600	3,509,100	3,225,300	5,670,100
Debt-to-equity ratio		0.00	0.00	0.00	0.00	0.00

June 30, 2025 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $6,188,000K
= 0.00

The debt-to-equity ratio of Automatic Data Processing Inc has consistently been recorded as zero across all reported periods from June 30, 2021, through June 30, 2025. This indicates that the company has not reported any short-term or long-term debt in its financial statements during these years. A debt-to-equity ratio of zero suggests that the company's capital structure is entirely composed of equity without leveraging through debt financing. This financial profile points to a conservative approach to capital structure management, potentially reducing financial risk associated with debt obligations. It also implies that the company may prioritize internal funding or retained earnings for growth and operations, maintaining a debt-free status over the analyzed periods.