Adobe Systems Incorporated (ADBE)

Debt-to-capital ratio

		Nov 29, 2024	Dec 1, 2023	Dec 2, 2022	Dec 3, 2021	Nov 27, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	14,105,000	16,518,000	14,051,000	14,797,000	13,264,000
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00

November 29, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $14,105,000K)
= 0.00

The debt-to-capital ratio for Adobe Systems Incorporated has consistently remained at 0.00 over the past five years, including as of November 29, 2024. This indicates that the company has not utilized any debt in its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that Adobe's financial risk related to debt obligations is very low, as the company's capital is predominantly funded by equity. This may imply a strong financial position, as Adobe has not relied on debt financing to support its operations or growth initiatives. However, it's important to consider that a low debt-to-capital ratio may also mean missed opportunities for leveraging debt for potential growth or tax benefits. Overall, Adobe's consistent 0.00 debt-to-capital ratio reflects a conservative financial strategy with minimal debt exposure.