Adobe (LIM:ADBE) Effective Interest Rate on Debt % : 3.30% (As of Nov. 2024)

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What is Adobe Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Adobe's annualized positive value of Interest Expense for the quarter that ended in Nov. 2024 was $200 Mil. Adobe's average total debt for the quarter that ended in Nov. 2024 was $6,067 Mil. Therefore, Adobe's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2024 was 3.30%.

Adobe Effective Interest Rate on Debt % Historical Data

The historical data trend for Adobe's Effective Interest Rate on 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.

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Adobe Effective Interest Rate on Debt % Chart

Adobe Annual Data

Trend

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

Effective Interest Rate on Debt %

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2.62

2.41

2.59

3.33

Adobe Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.74	2.65	3.22	3.35	3.30

Competitive Comparison of Adobe's Effective Interest Rate on Debt %

For the Software - Infrastructure subindustry, Adobe's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on 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's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Adobe's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Adobe's Effective Interest Rate on Debt % falls into.

Adobe Effective Interest Rate on Debt % Calculation

Adobe's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Nov. 2023 )	+	Total Debt (A: Nov. 2024 ))	/ count )
=	-1 * -169	/	( (4080	+	6056)	/ 2 )
=	-1 * -169	/	5068
=	3.33 %

where

	Total Debt (A: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4007	+	73
=	4080

	Total Debt (A: Nov. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4482	+	1574
=	6056

Adobe's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Aug. 2024 )	+	Total Debt (Q: Nov. 2024 ))	/ count )
=	-1 * -200	/	( (6078	+	6056)	/ 2 )
=	-1 * -200	/	6067
=	3.30 %

where

	Total Debt (Q: Aug. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4509	+	1569
=	6078

	Total Debt (Q: Nov. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4482	+	1574
=	6056

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Nov. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Adobe (LIM:ADBE) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Adobe Effective Interest Rate on Debt % Related Terms

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Adobe Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

ADBE:USA ADBE:Mexico 1ADBE:Italy ADBd:UK 0R2Y:UK ADB0:Germany ADB:Germany ADB:Germany ADB:Germany ADB:Germany ADBECL:Chile ADBE:Canada ADBE34:Brazil ADB:Bulgaria ADBE:Austria ADBE:Argentina

Address

345 Park Avenue, San Jose, CA, USA, 95110-2704

Website

https://www.adobe.com

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).