Adobe Systems Incorporated (ADBE)
Current ratio
| Nov 30, 2024 | Nov 29, 2024 | Dec 1, 2023 | Nov 30, 2023 | Dec 2, 2022 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 11,232,000 | 11,232,000 | 11,084,000 | 11,084,000 | 8,996,000 |
| Total current liabilities | US$ in thousands | 10,521,000 | 10,521,000 | 8,251,000 | 8,251,000 | 8,128,000 |
| Current ratio | 1.07 | 1.07 | 1.34 | 1.34 | 1.11 |
November 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $11,232,000K ÷ $10,521,000K
= 1.07
The current ratio of Adobe Systems Incorporated has shown fluctuations over the past few years. As of November 30, 2023, and December 1, 2023, the current ratio stood at 1.34, indicating that the company had $1.34 in current assets for every $1 in current liabilities, which may suggest a healthy liquidity position. However, by November 29 and November 30, 2024, the current ratio decreased to 1.07, which might imply a tighter liquidity position compared to the previous years. It is important for stakeholders to monitor the current ratio over time to assess Adobe's ability to meet its short-term financial obligations.
Peer comparison
Nov 30, 2024