Automatic Data Processing (Automatic Data Processing) Interest Expense : $-342 Mil (TTM As of Dec. 2023)

View and export this data going back to 1968. Start your Free Trial

What is Automatic Data Processing Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Automatic Data Processing's interest expense for the three months ended in Dec. 2023 was $ -105 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-342 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Automatic Data Processing's Operating Income for the three months ended in Dec. 2023 was $ 959 Mil. Automatic Data Processing's Interest Expense for the three months ended in Dec. 2023 was $ -105 Mil. Automatic Data Processing's Interest Coverage for the quarter that ended in Dec. 2023 was 9.14. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Automatic Data Processing Interest Expense Historical Data

The historical data trend for Automatic Data Processing's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Automatic Data Processing Interest Expense Chart

Automatic Data Processing Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

Get a 7-Day Free Trial

-129.90

-107.10

-59.70

-81.90

-253.30

Automatic Data Processing Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-57.00	-38.30	-106.90	-91.60	-104.90

Automatic Data Processing Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-342 Mil.

Automatic Data Processing (NAS:ADP) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Automatic Data Processing's Interest Expense for the three months ended in Dec. 2023 was $-105 Mil. Its Operating Income for the three months ended in Dec. 2023 was $959 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $3,317 Mil.

Automatic Data Processing's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	958.6	/	-104.9
	=	9.14

The higher the ratio, the stronger the company's financial strength is.

Automatic Data Processing (Automatic Data Processing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Automatic Data Processing Inc (NAS:ADP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ADAP:Mexico 1ADP:Italy ADP:Germany ADP:Germany ADP:Germany ADPR34:Brazil ADP:Austria ADP:Argentina

Address

One ADP Boulevard, Roseland, NJ, USA, 07068

Website

https://www.adp.com

ADP is a provider of payroll and human capital management solutions servicing the full scope of businesses from micro to global enterprises. ADP was established in 1949 and serves over 1 million clients primarily in the United States. ADP's employer services segment offers payroll, human capital management solutions, human resources outsourcing, insurance and retirement services. The smaller but faster-growing professional employer organization segment provides HR outsourcing solutions to small and midsize businesses through a co-employment model.

Executives

John Ayala	officer: Corp. VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
Maria Black	officer: Corp. VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
Brock Albinson	officer: Corp. VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
David Kwon	officer: Corp VP	ONE ADP BOULEVARD, ROSELAD NJ 07068
Don Mcguire	officer: Corp VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
Carlos A Rodriguez	officer: Corporate Vice President	10200 SUNSET DRIVE, MIAMI FL 33173
Michael A Bonarti	officer: Staff Vice President	ONE ADP BOULEVARD, ROSELAND NJ 07068
Christopher D'ambrosio	officer: Corp. VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
Joseph Desilva	officer: Corp VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
Paul Boland	officer: Corp. VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
Donald Weinstein	officer: Corporate VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
James T Sperduto	officer: Corp VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
Laura G Brown	officer: Corp. VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
Augusto J Blanchard	officer: Corp VP	ONE ADP BOULEVARD, ROSELAND NJ 07068
Alexander Quevedo	officer: Corp VP	ONE ADP BOULEVARD, ROSELAND NJ 07068