Adobe Systems Incorporated (ADBE)
Current ratio
| Mar 1, 2024 | Dec 1, 2023 | Sep 1, 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 | Nov 29, 2019 | Aug 30, 2019 | May 31, 2019 | Mar 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 10,008,000 | 11,084,000 | 10,410,000 | 8,342,000 | 8,996,000 | 8,489,000 | 7,908,000 | 7,476,000 | 8,669,000 | 8,619,000 | 8,078,000 | 7,384,000 | 8,146,000 | 7,387,000 | 6,649,000 | 6,455,000 | 6,495,000 | 5,750,100 | 5,342,640 | 5,133,720 |
| Total current liabilities | US$ in thousands | 9,537,000 | 8,251,000 | 8,334,000 | 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 | 8,191,000 | 7,802,970 | 7,687,100 | 5,313,740 |
| Current ratio | 1.05 | 1.34 | 1.25 | 1.12 | 1.11 | 1.14 | 1.07 | 1.04 | 1.25 | 1.39 | 1.31 | 1.27 | 1.48 | 1.44 | 1.29 | 1.23 | 0.79 | 0.74 | 0.70 | 0.97 |
March 1, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $10,008,000K ÷ $9,537,000K
= 1.05
The current ratio of Adobe Systems Incorporated has fluctuated over the past few quarters, ranging from a low of 0.70 on March 1, 2019, to a high of 1.48 on March 5, 2021. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting a healthy liquidity position.
In recent quarters, Adobe's current ratio has generally remained above 1, indicating that the company has sufficient current assets to meet its short-term obligations. However, it is important to note a slight decline in the current ratio from 1.44 on November 27, 2020, to 1.05 on March 1, 2024. This decrease may raise some concerns about the company's liquidity position, as it suggests a potential decrease in current assets relative to current liabilities.
Overall, while Adobe Systems Incorporated has maintained a current ratio above 1 in most periods, investors and analysts should closely monitor any further changes in the current ratio as it could indicate shifts in the company's liquidity and financial health.
Peer comparison
Mar 1, 2024