Adobe Systems Incorporated (ADBE)
Cash ratio
| Nov 30, 2024 | Nov 29, 2024 | Dec 1, 2023 | Nov 30, 2023 | Dec 2, 2022 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 7,613,000 | 7,613,000 | 7,141,000 | 7,141,000 | 4,236,000 |
| Short-term investments | US$ in thousands | 273,000 | 273,000 | 701,000 | 701,000 | 1,860,000 |
| Total current liabilities | US$ in thousands | 10,521,000 | 10,521,000 | 8,251,000 | 8,251,000 | 8,128,000 |
| Cash ratio | 0.75 | 0.75 | 0.95 | 0.95 | 0.75 |
November 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($7,613,000K
+ $273,000K)
÷ $10,521,000K
= 0.75
The cash ratio of Adobe Systems Incorporated has shown some fluctuation over the past few years. In December 2, 2022, the cash ratio was at 0.75, indicating that for every dollar of current liabilities, the company had $0.75 in cash or cash equivalents. This suggests that Adobe may have had limited liquid assets at that time.
However, in November 30, 2023, and December 1, 2023, the cash ratio improved to 0.95, indicating an increase in the company's ability to cover its short-term obligations with cash reserves. This improvement suggests a positive trend in Adobe's liquidity position during that period.
Subsequently, in November 29, 2024, and November 30, 2024, the cash ratio reverted back to 0.75. This decrease may indicate a potential decline in Adobe's ability to meet its short-term obligations solely with its available cash resources.
Overall, while the cash ratio of Adobe Systems Incorporated has shown variability over the years, the company should strive to maintain a healthy balance between cash reserves and current liabilities to ensure its liquidity position remains stable.
Peer comparison
Nov 30, 2024