Adobe Systems Incorporated (ADBE)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2.14 | 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 |
Based on the solvency ratios of Adobe Systems Incorporated, we can see that the company has consistently maintained a Debt-to-Assets ratio of 0.00 over the past years. This indicates that Adobe's total debt level in relation to its total assets is very low, suggesting a strong financial position and a lower risk of insolvency.
Similarly, the Debt-to-Capital ratio has also been at 0.00 consistently, demonstrating that Adobe's debt in relation to its total capital is negligible. This implies that the company relies more on equity financing rather than debt to fund its operations, which can contribute to financial stability and flexibility.
The Debt-to-Equity ratio, which measures the proportion of debt to equity in a company's capital structure, has also remained at 0.00 for the same period. A low Debt-to-Equity ratio indicates that Adobe has minimal debt relative to its equity, further supporting the company's financial strength and ability to meet its financial obligations.
The Financial Leverage ratio, which reflects the extent to which a company relies on debt financing, has shown a slight fluctuation but generally stayed within a reasonable range from 1.80 to 2.14. This suggests that while Adobe has some level of financial leverage, it has been managed prudently without excessive reliance on debt.
Overall, based on these solvency ratios, Adobe Systems Incorporated appears to have a very strong solvency position with minimal debt, well-balanced capital structure, and effective management of financial leverage, indicating a healthy and stable financial outlook.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 40.92 | 46.22 | 53.43 | 58.12 | 61.17 | 58.59 | 55.57 | 53.27 | 54.64 | 54.21 | 54.34 | 53.39 | 51.49 | 49.52 | 45.92 | 42.50 | 37.00 | 32.50 | 28.09 | 23.97 |
The interest coverage ratio of Adobe Systems Incorporated has shown a consistent upward trend over the past few years, indicating the company's improving ability to cover its interest payments with its earnings. The ratio has increased steadily from 23.97 in February 2020 to 61.17 in December 2023, showcasing a strong financial position and solid earnings to cover its interest expenses.
However, there was a slight decline in the interest coverage ratio in March 2024, dropping to 58.12, followed by a further decrease to 53.43 in May 2024 and 46.22 in August 2024. These decreases may indicate a slight deterioration in the company's ability to cover its interest payments efficiently.
Overall, despite the recent declines, Adobe Systems Incorporated has maintained a relatively high and stable interest coverage ratio, suggesting a healthy financial position and the ability to meet its interest obligations comfortably. Continued monitoring of the interest coverage ratio will be important to assess the company's ongoing financial health and ability to manage its debt obligations.