Adobe Systems Incorporated (ADBE)
Solvency ratios
| Feb 28, 2025 | Nov 30, 2024 | Nov 29, 2024 | Aug 31, 2024 | Aug 30, 2024 | May 31, 2024 | Mar 1, 2024 | Feb 29, 2024 | Dec 1, 2023 | Nov 30, 2023 | Sep 1, 2023 | Aug 31, 2023 | Jun 2, 2023 | May 31, 2023 | Mar 3, 2023 | Feb 28, 2023 | Dec 2, 2022 | Nov 30, 2022 | Sep 2, 2022 | Aug 31, 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| Debt-to-equity 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 |
| Financial leverage ratio | 2.29 | 2.14 | 2.14 | 2.05 | 2.05 | 2.02 | 1.86 | 1.86 | 1.80 | 1.80 | 1.84 | 1.84 | 1.88 | 1.88 | 1.88 | 1.88 | 1.93 | 1.93 | 1.86 | 1.86 |
Adobe Systems Incorporated consistently maintains a strong solvency position, as indicated by its debt-related ratios. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have all been at 0.00 across all periods analyzed, signifying that the company carries no debt relative to its total assets, capital, or equity.
Furthermore, the financial leverage ratio has been relatively stable over the periods, ranging from 1.80 to 2.29. This indicates that Adobe's use of debt financing to support its operations and growth is moderate and well within manageable levels.
Overall, based on the solvency ratios provided, Adobe Systems Inc. demonstrates a conservative capital structure with very low debt levels, which is a positive indicator of financial stability and robustness.
Coverage ratios
| Feb 28, 2025 | Nov 30, 2024 | Nov 29, 2024 | Aug 31, 2024 | Aug 30, 2024 | May 31, 2024 | Mar 1, 2024 | Feb 29, 2024 | Dec 1, 2023 | Nov 30, 2023 | Sep 1, 2023 | Aug 31, 2023 | Jun 2, 2023 | May 31, 2023 | Mar 3, 2023 | Feb 28, 2023 | Dec 2, 2022 | Nov 30, 2022 | Sep 2, 2022 | Aug 31, 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 39.13 | 40.01 | 41.07 | 40.97 | 46.43 | 53.85 | 59.76 | 66.81 | 65.56 | 65.30 | 65.02 | 60.83 | 56.62 | 54.55 | 52.22 | 52.76 | 51.62 | 51.39 | 51.53 | 52.30 |
The interest coverage ratio for Adobe Systems Incorporated has shown a generally increasing trend over the analyzed period. Starting at around 52.30 in August 2022, the ratio consistently improved, reaching a peak of 66.81 in February 2024. This indicates the company's ability to comfortably cover its interest expenses with its operating income.
However, there was a moderate decline in the interest coverage ratio from February 2024 to May 2024, dropping to 53.85, followed by a more significant decrease to 46.43 in August 2024. The ratio further declined to 39.13 by February 2025.
The fluctuations in the interest coverage ratio may suggest changes in the company's financial performance or capital structure during the period under review. It is essential for investors and stakeholders to closely monitor these ratios to assess the company's ability to handle its interest obligations effectively and sustainably over time.