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Adobe (LIM:ADBE) Interest Expense : $-169 Mil (TTM As of Nov. 2024)


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What is Adobe Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Adobe's interest expense for the three months ended in Nov. 2024 was $ -50 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2024 was $-169 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. Adobe's Operating Income for the three months ended in Nov. 2024 was $ 1,957 Mil. Adobe's Interest Expense for the three months ended in Nov. 2024 was $ -50 Mil. Adobe's Interest Coverage for the quarter that ended in Nov. 2024 was 39.14. 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.


Adobe Interest Expense Historical Data

The historical data trend for Adobe'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.

Adobe Interest Expense Chart

Adobe Annual Data
Trend Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -116.00 -113.00 -112.00 -113.00 -169.00

Adobe Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -28.00 -27.00 -41.00 -51.00 -50.00

Adobe 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 Nov. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-169 Mil.

* 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  (LIM:ADBE) Interest Expense Explanation

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. The higher, the better.

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

Adobe's Interest Expense for the three months ended in Nov. 2024 was $-50 Mil. Its Operating Income for the three months ended in Nov. 2024 was $1,957 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Nov. 2024 was $4,482 Mil.

Adobe's Interest Coverage for the quarter that ended in Nov. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Nov. 2024 )/Interest Expense (Q: Nov. 2024 )
=-1*1957/-50
=39.14

* 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.

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


Adobe Business Description

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).