Adobe Systems Incorporated (ADBE)
Debt-to-assets ratio
| Nov 30, 2024 | Nov 29, 2024 | Dec 1, 2023 | Nov 30, 2023 | Dec 2, 2022 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 30,230,000 | 30,230,000 | 29,779,000 | 29,779,000 | 27,165,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
November 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $30,230,000K
= 0.00
Based on the data provided, Adobe Systems Incorporated has consistently maintained a debt-to-assets ratio of 0.00 over the past few years. This indicates that the company has not utilized debt to finance its operations and investments, relying instead on equity and internal resources to fund its activities. A debt-to-assets ratio of 0.00 implies that the company's assets are entirely financed by equity, reflecting a strong financial position and lower financial risk. Adobe's ability to operate without incurring debt suggests a prudent financial management strategy, as it reduces interest expenses and the associated risks associated with debt repayment. Overall, the company's consistent 0.00 debt-to-assets ratio indicates a financially stable and well-capitalized position.
Peer comparison
Nov 30, 2024