Adobe Systems Incorporated (ADBE)
Debt-to-capital 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 15,460,000 | 16,518,000 | 15,776,000 | 14,206,000 | 14,051,000 | 14,373,000 | 13,985,000 | 13,775,000 | 14,797,000 | 14,414,000 | 13,852,000 | 13,546,000 | 13,264,000 | 11,713,000 | 10,881,000 | 10,465,000 | 10,530,000 | 10,243,000 | 9,932,000 | 9,871,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
March 1, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $15,460,000K)
= 0.00
The debt-to-capital ratio for Adobe Systems Incorporated has consistently been reported as 0.00 for the past several quarters, indicating that the company has not been utilizing debt to finance its operations. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is primarily composed of equity rather than debt. This could be a strategic decision by Adobe to maintain a strong balance sheet and financial flexibility by avoiding debt obligations. Investors and creditors may view a low or zero debt-to-capital ratio positively as it signifies lower financial risk and potentially higher financial stability.
Peer comparison
Mar 1, 2024