Adobe Systems Incorporated (ADBE)
Debt-to-assets ratio
| Dec 1, 2023 | Dec 2, 2022 | Dec 3, 2021 | Nov 27, 2020 | Nov 29, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 29,779,000 | 27,165,000 | 27,241,000 | 24,284,000 | 20,762,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 1, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $29,779,000K
= 0.00
The debt-to-assets ratio measures the proportion of a company's assets financed by debt. A lower ratio indicates a lower reliance on debt for financing, which is generally considered favorable as it signifies lower financial risk.
Adobe Inc's debt-to-assets ratio has shown a declining trend over the past five years, decreasing from 0.20 in November 2019 to 0.12 in December 2023. This indicates that the company has reduced its reliance on debt for financing its assets.
This trend suggests that Adobe Inc has been effectively managing its debt levels, potentially lowering its financial risk and increasing its financial stability. A decreasing debt-to-assets ratio may also demonstrate improved creditworthiness and financial health, which could positively impact the company's ability to secure favorable financing terms and investments.
Peer comparison
Dec 1, 2023