Adobe Systems Incorporated (ADBE)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 6,254,000 | 7,141,000 | 6,601,000 | 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 | 2,650,000 | 2,209,000 | 2,083,000 | 1,739,000 |
| Short-term investments | US$ in thousands | 566,000 | 701,000 | 915,000 | 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 | 1,527,000 | 1,441,740 | 1,396,070 | 1,487,410 |
| Receivables | US$ in thousands | 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 | 1,530,000 | 1,370,000 | 1,272,670 | — |
| 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 |
| Quick ratio | 0.93 | 1.22 | 1.12 | 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 | 0.70 | 0.64 | 0.62 | 0.61 |
March 1, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($6,254,000K
+ $566,000K
+ $2,057,000K)
÷ $9,537,000K
= 0.93
The quick ratio of Adobe Systems Incorporated has shown fluctuations over the past few quarters. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its most liquid assets. With a quick ratio ranging from 0.61 to 1.34 over the past two years, Adobe's ability to cover its current liabilities with its quick assets has varied.
In the most recent period ending March 1, 2024, the quick ratio stood at 0.93, suggesting that Adobe may have had slightly more difficulty meeting its short-term obligations with its quickly accessible assets. However, the quick ratio has shown improvements compared to previous quarters, such as the increase from 0.65 to 1.11 in the quarter ending Dec 3, 2021.
It is important to note that while a quick ratio below 1 may raise concerns, the trend of the quick ratio improving over the past few quarters is a positive sign. Investors and stakeholders should continue to monitor Adobe's liquidity position to ensure the company can meet its short-term obligations efficiently.
Peer comparison
Mar 1, 2024