Adobe Systems Incorporated (ADBE)

Quick ratio

Nov 30, 2024 Nov 29, 2024 Dec 1, 2023 Nov 30, 2023 Dec 2, 2022
Cash US$ in thousands 7,613,000 7,613,000 7,141,000 7,141,000 4,236,000
Short-term investments US$ in thousands 273,000 273,000 701,000 701,000 1,860,000
Receivables US$ in thousands 2,072,000 2,224,000 2,070,000
Total current liabilities US$ in thousands 10,521,000 10,521,000 8,251,000 8,251,000 8,128,000
Quick ratio 0.75 0.95 1.22 0.95 1.00

November 30, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($7,613,000K + $273,000K + $—K) ÷ $10,521,000K
= 0.75

The quick ratio of Adobe Systems Incorporated has demonstrated some fluctuations over the past few fiscal years. In December 2022, the quick ratio was at 1.00, indicating that the company had just enough liquid assets to cover its current liabilities. However, by November 2023, the quick ratio decreased slightly to 0.95, potentially suggesting a slight deterioration in the company's ability to meet its short-term obligations using its most liquid assets.

Subsequently, in December 2023, the quick ratio improved notably to 1.22, reflecting a healthier position for the company in terms of its short-term liquidity. Nonetheless, this positive trend was not sustained, as evidenced by a decrease back to 0.95 in November 2024, suggesting a return to a less favorable liquidity position.

By the end of November 2024, the quick ratio declined significantly to 0.75, indicating a potential cause for concern regarding Adobe Systems' ability to cover its immediate liabilities with its readily available liquid assets. Overall, the trend in the quick ratio for Adobe Systems demonstrates some volatility, with periods of strength followed by periods of weakness in terms of short-term liquidity management.


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Adobe Systems Incorporated Quick Ratio