Adobe Systems Incorporated (ADBE)

Financial leverage ratio

		Nov 29, 2024	Aug 30, 2024	May 31, 2024	Mar 1, 2024	Dec 1, 2023	Sep 1, 2023	Jun 2, 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
Total assets	US$ in thousands	30,230,000	29,830,000	30,007,000	28,751,000	29,779,000	29,090,000	27,838,000	26,667,000	27,165,000	26,744,000	26,326,000	25,976,000	27,241,000	26,144,000	25,582,000	24,985,000	24,284,000	22,414,000	21,603,000	21,214,000
Total stockholders’ equity	US$ in thousands	14,105,000	14,545,000	14,843,000	15,460,000	16,518,000	15,776,000	14,838,000	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
Financial leverage ratio		2.14	2.05	2.02	1.86	1.80	1.84	1.88	1.88	1.93	1.86	1.88	1.89	1.84	1.81	1.85	1.84	1.83	1.91	1.99	2.03

November 29, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $30,230,000K ÷ $14,105,000K
= 2.14

The financial leverage ratio of Adobe Systems Incorporated has shown some fluctuations over the period of data provided. The ratio started at 2.03 on February 28, 2020, indicating that the company had $2.03 of debt for every $1 of equity.

The ratio decreased slightly to 1.99 on May 29, 2020, before further decreasing to 1.91 on August 28, 2020. There was a more significant decrease to 1.83 by November 27, 2020, signifying a lower level of financial leverage.

From March 5, 2021, to June 4, 2022, the ratio remained relatively stable around 1.84 to 1.85. A slight decrease was observed on September 3, 2021, as the ratio dipped to 1.81 before increasing to 1.84 on December 3, 2021.

The ratio then increased to 1.89 on March 4, 2022, and fluctuated between 1.86 and 1.93 until August 30, 2024. The ratio peaked at 2.14 on November 29, 2024, indicating higher financial leverage.

Overall, the financial leverage ratio of Adobe Systems Incorporated has shown some variability but has generally remained within a range between 1.81 and 2.14 over the analyzed period. This suggests that the company has been managing its debt levels relative to equity in a reasonably stable manner, with some fluctuations in between.