Adobe Systems Incorporated (ADBE)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 7,613,000 | 7,193,000 | 7,660,000 | 6,254,000 | 7,141,000 | 6,601,000 | 5,456,000 | 4,072,000 | 4,236,000 | 3,870,000 | 3,365,000 | 2,739,000 | 3,844,000 | 4,623,000 | 4,250,000 | 3,452,000 | 4,478,000 | 3,767,000 | 3,044,000 | 2,688,000 |
| Short-term investments | US$ in thousands | 273,000 | 322,000 | 405,000 | 566,000 | 701,000 | 915,000 | 1,145,000 | 1,581,000 | 1,860,000 | 1,894,000 | 1,934,000 | 1,962,000 | 1,954,000 | 1,541,000 | 1,518,000 | 1,511,000 | 1,514,000 | 1,497,000 | 1,307,000 | 1,483,000 |
| Receivables | US$ in thousands | 2,072,000 | 1,802,000 | 1,612,000 | 2,057,000 | 2,224,000 | 1,850,000 | — | — | 2,070,000 | — | — | — | 1,878,000 | — | — | — | 1,398,000 | 1,318,000 | 1,370,000 | 1,390,000 |
| 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 |
| Quick ratio | 0.95 | 0.97 | 1.02 | 0.93 | 1.22 | 1.12 | 0.82 | 0.76 | 1.00 | 0.77 | 0.72 | 0.65 | 1.11 | 1.00 | 0.94 | 0.85 | 1.34 | 1.28 | 1.11 | 1.06 |
November 29, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($7,613,000K
+ $273,000K
+ $2,072,000K)
÷ $10,521,000K
= 0.95
The quick ratio of Adobe Systems Incorporated provides insight into the company's ability to meet its short-term obligations with its most liquid assets. The trend analysis reveals fluctuations in the quick ratio over the given period.
Starting at 1.06 on February 28, 2020, the quick ratio improved steadily, reaching its highest point of 1.34 on November 27, 2020. However, in the subsequent periods, there was a decrease in the quick ratio, dropping to 0.85 on March 5, 2021. This decline continued until June 3, 2022, with a quick ratio of 0.72.
From then on, there was a slight recovery in the quick ratio, with fluctuations observed in the subsequent periods. Notably, the quick ratio exceeded 1 multiple times, indicating an improved ability to cover short-term liabilities with quick assets. The quick ratio stood at 0.95 on November 29, 2024.
Overall, the quick ratio of Adobe Systems Incorporated has shown fluctuations, indicating a varied ability to meet its short-term obligations promptly with its current liquid assets. Analyzing future trends and identifying the reasons behind the fluctuations would provide more insights into the company's liquidity position.
Peer comparison
Nov 29, 2024