Automatic Net Debt vs Other Current Assets Analysis

0HJI Stock

296.94 2.82 0.94%

Automatic Data financial indicator trend analysis is way more than just evaluating Automatic Data Processing prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Automatic Data Processing is a good investment. Please check the relationship between Automatic Data Net Debt and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Automatic Data Processing. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Debt vs Other Current Assets

Net Debt vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Automatic Data Processing Net Debt account and Other Current Assets. At this time, the significance of the direction appears to have strong relationship.

The correlation between Automatic Data's Net Debt and Other Current Assets is 0.76. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Automatic Data Processing, assuming nothing else is changed. The correlation between historical values of Automatic Data's Net Debt and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Automatic Data Processing are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Net Debt i.e., Automatic Data's Net Debt and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.76

Relationship Direction	Positive
Relationship Strength	Significant

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from Automatic Data's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Automatic Data Processing current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Automatic Data Processing. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Tax Provision is likely to drop to about 713 M in 2024. Selling General Administrative is likely to drop to about 3.2 B in 2024

	2021	2022	2023	2024 (projected)
Total Revenue	16.5B	18.0B	19.2B	15.2B
Depreciation And Amortization	515.1M	549.3M	561.9M	440.4M

Total Revenue Depreciation And Amortization

Automatic Data fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock
Total Assets		0.85	0.99	0.99	-0.73	0.73	0.8	0.87	-0.72	0.3	0.71	0.76	-0.25	0.31	0.91	-0.16	-0.74	0.4	0.87	0.98	-0.86	1.0	0.99	-0.23	0.82	-0.32
Short Long Term Debt Total	0.85		0.79	0.81	-0.54	0.76	0.9	0.89	-0.81	0.39	0.67	0.79	-0.16	0.39	0.86	-0.33	-0.74	0.32	0.9	0.81	-0.84	0.84	0.83	0.11	0.81	-0.27
Other Current Liab	0.99	0.79		1.0	-0.78	0.68	0.73	0.83	-0.66	0.28	0.66	0.7	-0.24	0.29	0.88	-0.16	-0.7	0.38	0.83	0.99	-0.82	1.0	0.99	-0.31	0.77	-0.29
Total Current Liabilities	0.99	0.81	1.0		-0.77	0.69	0.77	0.84	-0.68	0.27	0.66	0.71	-0.23	0.28	0.89	-0.18	-0.7	0.38	0.83	0.99	-0.83	1.0	0.99	-0.26	0.78	-0.29
Total Stockholder Equity	-0.73	-0.54	-0.78	-0.77		-0.39	-0.45	-0.58	0.45	-0.37	-0.3	-0.39	0.2	-0.38	-0.56	0.41	0.66	-0.3	-0.66	-0.76	0.7	-0.77	-0.76	0.42	-0.46	0.31
Property Plant And Equipment Net	0.73	0.76	0.68	0.69	-0.39		0.76	0.86	-0.79	0.16	0.82	0.8	0.15	0.16	0.85	0.07	-0.7	0.29	0.76	0.65	-0.8	0.72	0.67	-0.17	0.91	-0.26
Net Debt	0.8	0.9	0.73	0.77	-0.45	0.76		0.84	-0.81	-0.01	0.72	0.79	-0.01	-0.02	0.83	-0.16	-0.72	0.3	0.74	0.76	-0.8	0.78	0.76	0.25	0.82	-0.29
Retained Earnings	0.87	0.89	0.83	0.84	-0.58	0.86	0.84		-0.86	0.29	0.87	0.94	-0.01	0.29	0.98	-0.07	-0.81	0.49	0.88	0.79	-0.94	0.86	0.81	-0.08	0.95	-0.4
Accounts Payable	-0.72	-0.81	-0.66	-0.68	0.45	-0.79	-0.81	-0.86		-0.2	-0.83	-0.83	-0.12	-0.2	-0.84	-0.09	0.78	-0.44	-0.75	-0.62	0.83	-0.7	-0.65	-0.11	-0.87	0.42
Cash	0.3	0.39	0.28	0.27	-0.37	0.16	-0.01	0.29	-0.2		0.02	0.16	-0.43	1.0	0.25	-0.39	-0.39	0.35	0.53	0.28	-0.37	0.31	0.34	-0.31	0.13	-0.31
Non Current Assets Total	0.71	0.67	0.66	0.66	-0.3	0.82	0.72	0.87	-0.83	0.02		0.95	0.11	0.02	0.89	0.37	-0.65	0.35	0.72	0.58	-0.77	0.68	0.6	-0.1	0.96	-0.28
Non Currrent Assets Other	0.76	0.79	0.7	0.71	-0.39	0.8	0.79	0.94	-0.83	0.16	0.95		-0.03	0.15	0.93	0.11	-0.72	0.39	0.82	0.64	-0.84	0.74	0.67	-0.01	0.95	-0.31
Other Assets	-0.25	-0.16	-0.24	-0.23	0.2	0.15	-0.01	-0.01	-0.12	-0.43	0.11	-0.03		-0.43	-0.07	0.27	0.22	-0.31	-0.27	-0.29	0.14	-0.24	-0.3	0.05	0.06	0.29
Cash And Short Term Investments	0.31	0.39	0.29	0.28	-0.38	0.16	-0.02	0.29	-0.2	1.0	0.02	0.15	-0.43		0.24	-0.39	-0.39	0.35	0.53	0.28	-0.37	0.32	0.34	-0.32	0.13	-0.31
Net Receivables	0.91	0.86	0.88	0.89	-0.56	0.85	0.83	0.98	-0.84	0.25	0.89	0.93	-0.07	0.24		0.0	-0.77	0.47	0.87	0.84	-0.91	0.9	0.86	-0.1	0.96	-0.35
Good Will	-0.16	-0.33	-0.16	-0.18	0.41	0.07	-0.16	-0.07	-0.09	-0.39	0.37	0.11	0.27	-0.39	0.0		0.16	0.08	-0.24	-0.24	0.14	-0.19	-0.25	-0.23	0.12	-0.06
Common Stock Shares Outstanding	-0.74	-0.74	-0.7	-0.7	0.66	-0.7	-0.72	-0.81	0.78	-0.39	-0.65	-0.72	0.22	-0.39	-0.77	0.16		-0.66	-0.78	-0.68	0.96	-0.73	-0.71	0.07	-0.74	0.73
Short Term Investments	0.4	0.32	0.38	0.38	-0.3	0.29	0.3	0.49	-0.44	0.35	0.35	0.39	-0.31	0.35	0.47	0.08	-0.66		0.28	0.35	-0.62	0.38	0.38	-0.07	0.33	-0.95
Non Current Liabilities Total	0.87	0.9	0.83	0.83	-0.66	0.76	0.74	0.88	-0.75	0.53	0.72	0.82	-0.27	0.53	0.87	-0.24	-0.78	0.28		0.81	-0.87	0.88	0.84	-0.17	0.84	-0.25
Other Current Assets	0.98	0.81	0.99	0.99	-0.76	0.65	0.76	0.79	-0.62	0.28	0.58	0.64	-0.29	0.28	0.84	-0.24	-0.68	0.35	0.81		-0.79	0.99	1.0	-0.23	0.72	-0.28
Other Stockholder Equity	-0.86	-0.84	-0.82	-0.83	0.7	-0.8	-0.8	-0.94	0.83	-0.37	-0.77	-0.84	0.14	-0.37	-0.91	0.14	0.96	-0.62	-0.87	-0.79		-0.85	-0.82	0.13	-0.86	0.61
Total Liab	1.0	0.84	1.0	1.0	-0.77	0.72	0.78	0.86	-0.7	0.31	0.68	0.74	-0.24	0.32	0.9	-0.19	-0.73	0.38	0.88	0.99	-0.85		0.99	-0.26	0.8	-0.29
Total Current Assets	0.99	0.83	0.99	0.99	-0.76	0.67	0.76	0.81	-0.65	0.34	0.6	0.67	-0.3	0.34	0.86	-0.25	-0.71	0.38	0.84	1.0	-0.82	0.99		-0.24	0.74	-0.3
Short Term Debt	-0.23	0.11	-0.31	-0.26	0.42	-0.17	0.25	-0.08	-0.11	-0.31	-0.1	-0.01	0.05	-0.32	-0.1	-0.23	0.07	-0.07	-0.17	-0.23	0.13	-0.26	-0.24		-0.08	0.04
Intangible Assets	0.82	0.81	0.77	0.78	-0.46	0.91	0.82	0.95	-0.87	0.13	0.96	0.95	0.06	0.13	0.96	0.12	-0.74	0.33	0.84	0.72	-0.86	0.8	0.74	-0.08		-0.26
Common Stock	-0.32	-0.27	-0.29	-0.29	0.31	-0.26	-0.29	-0.4	0.42	-0.31	-0.28	-0.31	0.29	-0.31	-0.35	-0.06	0.73	-0.95	-0.25	-0.28	0.61	-0.29	-0.3	0.04	-0.26

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Automatic Data Account Relationship Matchups

Automatic Data fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	39.2B	48.8B	63.1B	51.0B	54.4B	47.2B
Short Long Term Debt Total	2.5B	3.4B	3.6B	3.5B	3.8B	2.5B
Other Current Liab	28.7B	37.6B	54.6B	42.2B	44.3B	37.3B
Total Current Liabilities	30.1B	38.1B	55.2B	42.8B	45.1B	38.1B
Total Stockholder Equity	5.8B	5.7B	3.2B	3.5B	4.5B	3.9B
Property Plant And Equipment Net	1.2B	1.1B	1.1B	1.1B	1.1B	978.9M
Net Debt	549.6M	871.2M	2.2B	1.5B	885.2M	929.5M
Retained Earnings	18.4B	19.5B	20.7B	22.1B	23.6B	19.0B
Accounts Payable	102M	141.1M	110.2M	96.8M	100.6M	107.8M
Cash	1.9B	2.6B	1.4B	2.1B	2.9B	2.4B
Non Current Assets Total	7.6B	8.0B	8.3B	8.8B	8.8B	7.3B
Non Currrent Assets Other	2.8B	3.3B	3.2B	3.6B	4.1B	2.8B
Cash And Short Term Investments	1.9B	2.6B	1.5B	2.1B	2.9B	2.4B
Net Receivables	2.4B	2.7B	3.2B	3.0B	3.4B	2.5B
Good Will	2.3B	2.3B	2.3B	2.3B	2.4B	2.4B
Common Stock Shares Outstanding	432.7M	428.1M	421.1M	415.7M	412.2M	356.4M
Liabilities And Stockholders Equity	39.2B	48.8B	63.1B	51.0B	54.4B	47.2B
Non Current Liabilities Total	3.3B	5.0B	4.7B	4.7B	4.7B	3.7B
Other Current Assets	27.2B	35.4B	50.2B	37.1B	39.2B	35.1B
Other Stockholder Equity	(12.7B)	(13.9B)	(15.5B)	(16.4B)	(17.3B)	(18.2B)
Total Liab	33.4B	43.1B	59.8B	47.5B	49.8B	41.8B
Total Current Assets	31.6B	40.7B	54.8B	42.2B	45.5B	39.9B
Accumulated Other Comprehensive Income	(14.8M)	10.6M	(2.0B)	(2.3B)	(1.8B)	(1.7B)
Short Term Debt	1.1B	118.2M	232.7M	202.1M	478.7M	524.8M
Intangible Assets	1.2B	1.2B	1.3B	1.3B	1.3B	1.0B
Current Deferred Revenue	212.5M	203.9M	188.2M	188.6M	199.8M	169.4M
Capital Surpluse	1.0B	1.2B	1.3B	1.5B	1.8B	1.3B
Treasury Stock	(12.2B)	(13.1B)	(14.1B)	(15.4B)	(13.8B)	(14.5B)
Property Plant Equipment	1.2B	1.1B	1.1B	1.1B	1.2B	1.1B
Other Liab	1.9B	1.7B	1.3B	1.4B	1.2B	1.3B
Net Tangible Assets	2.2B	2.1B	(408.3M)	(173.9M)	(156.5M)	(148.7M)
Deferred Long Term Liab	2.4B	2.5B	2.6B	2.8B	3.2B	2.8B

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Automatic Net Debt vs Other Current Assets Analysis

Net Debt vs Other Current Assets

Net Debt vs Other Current Assets Correlation Analysis

Correlation Coefficient

Net Debt

Other Current Assets

Automatic Data fundamental ratios Correlations

Automatic Data Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Automatic Data fundamental ratios Accounts

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COMPANY

Total Liab	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Other Current Liab
Total Liab	+ 1.0	Other Current Liab
Total Liab	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Other Current Assets

Common Stock	- 0.95	Short Term Investments
Other Stockholder Equity	- 0.94	Retained Earnings
Other Stockholder Equity	- 0.91	Net Receivables
Other Stockholder Equity	- 0.87	Non Current Liabilities Total
Intangible Assets	- 0.87	Accounts Payable
Intangible Assets	- 0.86	Other Stockholder Equity