Adobe Systems Incorporated (ADBE)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 11,232,000 | 10,716,000 | 11,023,000 | 10,008,000 | 11,084,000 | 10,410,000 | 9,274,000 | 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 |
| 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 |
| Current ratio | 1.07 | 1.11 | 1.16 | 1.05 | 1.34 | 1.25 | 1.16 | 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 |
November 29, 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, ranging from a low of 1.04 to a high of 1.48. The current ratio measures the ability of a company to meet its short-term obligations with its current assets, with a ratio of 1 indicating that current assets are equal to current liabilities.
The trend of Adobe's current ratio indicates that the company generally has had a sufficient level of current assets to cover its short-term liabilities. An increasing trend in the current ratio, as seen between February 28, 2020 (1.23) and November 27, 2020 (1.48), suggests an improving liquidity position.
However, there have been periods of fluctuation in the current ratio, as evidenced by the decrease in the ratio from November 27, 2020 (1.48) to March 5, 2021 (1.27) and the subsequent increase by June 4, 2021 (1.31). The current ratio dipped below 1 at certain points, such as in March 1, 2024 (1.05), which may raise concerns about the company's ability to meet its short-term obligations with its current assets.
Overall, while Adobe Systems Incorporated has maintained a current ratio above 1, indicating a healthy liquidity position, investors and analysts should continue to monitor the trend to ensure the company can effectively manage its short-term financial obligations.
Peer comparison
Nov 29, 2024