Adobe Systems Incorporated (ADBE)
Current ratio
| Dec 1, 2023 | Dec 2, 2022 | Dec 3, 2021 | Nov 27, 2020 | Nov 29, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 11,084,000 | 8,996,000 | 8,669,000 | 8,146,000 | 6,495,000 |
| Total current liabilities | US$ in thousands | 8,251,000 | 8,128,000 | 6,932,000 | 5,512,000 | 8,191,000 |
| Current ratio | 1.34 | 1.11 | 1.25 | 1.48 | 0.79 |
December 1, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $11,084,000K ÷ $8,251,000K
= 1.34
The current ratio of Adobe Inc has shown variability over the past five years. The ratio stood at 1.34 as of December 1, 2023, indicating that the company had $1.34 in current assets for every $1 of current liabilities. This reflects an improvement compared to the previous year, when the current ratio was 1.11. However, it is noteworthy that the current ratio was higher in 2020 at 1.48. The significant increase in the current ratio from 2019 to 2020 may suggest improved liquidity and a stronger ability to meet short-term obligations. However, the subsequent decrease in 2021 followed by an increase in 2022 and 2023 indicates fluctuating short-term liquidity positions. Further analysis of the individual components of current assets and liabilities would provide insights into the factors driving these changes.
Peer comparison
Dec 1, 2023