Adobe Systems Incorporated (ADBE)
Cash ratio
| Nov 29, 2024 | Aug 30, 2024 | May 31, 2024 | Mar 1, 2024 | Dec 1, 2023 | Sep 1, 2023 | Jun 2, 2023 | Mar 3, 2023 | Dec 2, 2022 | Sep 2, 2022 | Jun 3, 2022 | Mar 4, 2022 | Dec 3, 2021 | Sep 3, 2021 | Jun 4, 2021 | Mar 5, 2021 | Nov 27, 2020 | Aug 28, 2020 | May 29, 2020 | Feb 28, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 7,613,000 | 7,193,000 | 7,660,000 | 6,254,000 | 7,141,000 | 6,601,000 | 5,456,000 | 4,072,000 | 4,236,000 | 3,870,000 | 3,365,000 | 2,739,000 | 3,844,000 | 4,623,000 | 4,250,000 | 3,452,000 | 4,478,000 | 3,767,000 | 3,044,000 | 2,688,000 |
| Short-term investments | US$ in thousands | 273,000 | 322,000 | 405,000 | 566,000 | 701,000 | 915,000 | 1,145,000 | 1,581,000 | 1,860,000 | 1,894,000 | 1,934,000 | 1,962,000 | 1,954,000 | 1,541,000 | 1,518,000 | 1,511,000 | 1,514,000 | 1,497,000 | 1,307,000 | 1,483,000 |
| Total current liabilities | US$ in thousands | 10,521,000 | 9,644,000 | 9,474,000 | 9,537,000 | 8,251,000 | 8,334,000 | 8,019,000 | 7,437,000 | 8,128,000 | 7,438,000 | 7,385,000 | 7,197,000 | 6,932,000 | 6,191,000 | 6,145,000 | 5,806,000 | 5,512,000 | 5,130,000 | 5,164,000 | 5,228,000 |
| Cash ratio | 0.75 | 0.78 | 0.85 | 0.72 | 0.95 | 0.90 | 0.82 | 0.76 | 0.75 | 0.77 | 0.72 | 0.65 | 0.84 | 1.00 | 0.94 | 0.85 | 1.09 | 1.03 | 0.84 | 0.80 |
November 29, 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 fluctuated over the given period, starting at 0.80 on February 28, 2020, and reaching a peak of 1.09 on November 27, 2020. The ratio decreased slightly in the following quarters before showing some improvement. As of November 29, 2024, the cash ratio stood at 0.75.
The cash ratio measures the company's ability to cover its short-term liabilities with cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet these obligations, while a lower ratio may suggest liquidity issues.
Adobe Systems' cash ratio has shown some volatility, but it has generally remained within a moderate range, indicating the company has maintained a decent level of liquidity throughout the period. It's important to monitor this ratio over time to assess the company's ability to meet its short-term financial obligations.
Peer comparison
Nov 29, 2024