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 Feb. 2024 was 1.67.
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Adobe could pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.
The historical rank and industry rank for Adobe's Cash-to-Debt or its related term are showing as below:
ADBE'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.78 Med: 1.67 Max: 3.38
Current: 1.67
During the past 13 years, Adobe's highest Cash to Debt Ratio was 3.38. The lowest was 0.78. And the median was 1.67.
Adobe Cash-to-Debt Historical Data
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.
|
Adobe Annual Data
|
|
Trend |
Nov14 |
Nov15 |
Nov16 |
Nov17 |
Nov18 |
Nov19 |
Nov20 |
Nov21 |
Nov22 |
Nov23 |
| Cash-to-Debt |
|
|
|
|
|
|
1.01 |
1.27 |
1.24 |
1.32 |
1.92 |
|
Adobe Quarterly Data
|
|
May19 |
Aug19 |
Nov19 |
Feb20 |
May20 |
Aug20 |
Nov20 |
Feb21 |
May21 |
Aug21 |
Nov21 |
Feb22 |
May22 |
Aug22 |
Nov22 |
Feb23 |
May23 |
Aug23 |
Nov23 |
Feb24 |
| Cash-to-Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.37 |
1.61 |
1.84 |
1.92 |
1.67 |
Competitive Comparison
For the Software - Infrastructure 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 Distribution
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.
Adobe Cash-to-Debt Calculation
This is the ratio of a company's
Cash, Cash Equivalents, Marketable Securities
to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.
Adobe's Cash to Debt Ratio for the fiscal year that ended in Nov. 2023 is calculated as:
Adobe's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:
* 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 (ADBE) Business Description
Traded in Other Exchanges
Address
345 Park Avenue, San Jose, CA, USA, 95110-2704
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).
Executives
| Mark S. Garfield |
officer: VP, CAO & Corp. Controller |
345 PARK AVENUE, SAN JOSE CA 95110-2704 |
| Amy Banse |
director |
345 PARK AVENUE, SAN JOSE CA 95110 |
| David Wadhwani |
officer: SVP & GM, Digital Media |
ADOBE INC., 345 PARK AVE, SAN JOSE CA 95110 |
| Shantanu Narayen |
director, officer: President and CEO |
345 PARK AVENUE, SAN JOSE CA 95110 |
| Daniel Durn |
officer: EVP and CFO |
C/O APPLIED MATERIALS, INC., 3050 BOWERS AVENUE, P.O. BOX 58039, SANTA CLARA CA 95052-8039 |
| Scott Belsky |
officer: EVP, Chief Product Officer |
345 PARK AVENUE, SAN JOSE CA 95110 |
| Cristiano R Amon |
director |
5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121 |
| John E Warnock |
director, other: Co-Chairman of the Board |
C/O ADOBE SYSTEMS INC, 345 PARK AVENUE P O BOX 2704, SAN JOSE CA 95110-2704 |
| Dana Rao |
officer: EVP, Gen. Counsel & Secretary |
345 PARK AVE, SAN JOSE CA 95110 |
| Ann Lewnes |
officer: SVP, Chief Marketing Officer |
345 PARK AVENUE, SAN JOSE CA 95110 |
| David A Ricks |
director |
LILLY CORPORATE CENTER, INDIANAPOLIS IN 46285 |
| M. Brett Biggs |
director |
702 SW 8TH STREET, BENTONVILLE AR 72716 |
| Laura Desmond |
director |
345 PARK AVENUE, SAN JOSE CA 95110 |
| Spencer Adam Neumann |
director |
SIERRA INCOME CORPORATION, 375 PARK AVE., SUITE 3304, NEW YORK NY 10152 |
| Gloria Chen |
officer: EVP, Strategy & Growth |
345 PARK AVENUE, SAN JOSE CA 95110 |
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