Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
AdobeXSWX:ADBE 88 Cash-to-Debt is 0.80 as of May. 2026, which is 35% below its 10-year median of 1.24. GuruFocus rates XSWX:ADBE with a GF Score™ of 88/100 and a GF Value™ of CHF462.85. Among 2,842 Software companies, Adobe ranks worse than 68.26% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Adobe's cash to debt ratio for the quarter that ended in May. 2026 was 0.80.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Adobecouldn't pay off its debt using the cash in hand for the quarter that ended in May. 2026.
The historical rank and industry rank for Adobe's Cash-to-Debt or its related term are showing as below:
XSWX:ADBE'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.78 Med: 1.24 Max: 3.38
Current: 0.8
During the past 13 years, Adobe's highest Cash to Debt Ratio was 3.38. The lowest was 0.78. And the median was 1.24.
XSWX:ADBE's Cash-to-Debt is ranked worse than 68.26% of 2842
companies
in the Software industry
Industry Median: 2.475
vs XSWX:ADBE: 0.80
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Adobe Cash-to-Debt Related Terms
Adobe Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Adobe's Cash-to-Debt 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.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
XSWX:ADBE vs ADP, SNOW, INTU: Cash-to-Debt Comparison
For the Software - Application subindustry, Adobe's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Adobe Cash-to-Debt vs Software Industry
For the Software industry and Technology sector, Adobe's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Adobe's Cash-to-Debt falls into.
* 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.
Adobe (XSWX:ADBE) has a Cash-to-Debt of 0.80 as of May. 2026. This is 35% below median its historical median of 1.24. Over the past decade, Adobe's Cash-to-Debt has ranged from 0.78 to 3.38. According to the industry distribution chart, Adobe ranks #1940 out of 2842 companies in the Software industry, placing it in the top 68.3%.
Is Adobe's Cash-to-Debt too high?
Adobe's current Cash-to-Debt of 0.80 is 35% below median its 10-year median of 1.24. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 3.38. The Software industry median Cash-to-Debt is 2.48. Adobe's value of 0.80 is 67.7% below this industry median. Based on the distribution chart, Adobe ranks #1940 out of 2842 companies in the Software industry, which is below the industry midpoint. Overall, Adobe has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does Adobe's Cash-to-Debt compare to ADP and SNOW?
According to the Software industry distribution chart, Adobe ranks #1940 out of 2842 companies for Cash-to-Debt. This places Adobe in the lower half of its industry. The industry median Cash-to-Debt is 2.48. Adobe's value of 0.80 is 67.7% below this benchmark. Historically, Adobe's own Cash-to-Debt has ranged from 0.78 to 3.38 over the past decade. While the company's 10-year median is 1.24 vs. the industry median of 2.48, Adobe has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Software company?
The median Cash-to-Debt among Software companies is 2.48, based on 2,842 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Adobe's current Cash-to-Debt of 0.80 is 67.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Software industry, the median Cash-to-Debt is 2.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adobe's current Cash-to-Debt is 0.80, which is 35% below median its own 10-year median of 1.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adobe stock overvalued right now?
Adobe (XSWX:ADBE) has a current Cash-to-Debt of 0.80. The stock's GF Value™ is CHF462.85, compared to a current price of CHF207.00 — trading 55.3% below its estimated fair value. The current Cash-to-Debt is 0.80, which is 35% below median its 10-year median of 1.24 and 67.7% below the Software industry median of 2.48. Adobe's overall GF Score™ is 88/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Adobe (XSWX:ADBE), the current Cash-to-Debt is 0.80 as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Adobe (XSWX:ADBE) Overvalued in 2026?
Based on GuruFocus' analysis, Adobe stock appears to be undervalued.
The current stock price of CHF207.00 is trading 55.3% below its estimated GF Value™ of CHF462.85.
Key valuation signals for XSWX:ADBE:
Cash-to-Debt: 0.80 (35% below median its 10-year median of 1.24)
GF Value™: CHF462.85 vs. price of CHF207.00 (55.3% below fair value)
Industry Position: 67.7% below the Software median (#1940 of 2842)
No single metric tells the full story. See the XSWX:ADBE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).
88GF Score
Get the complete analysis for XSWX:ADBE
Cash-to-Debt is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XSWX:ADBE has been successfully added to your 
