Adobe Balance Sheet Health
Financial Health criteria checks 6/6
Adobe has a total shareholder equity of $15.5B and total debt of $3.6B, which brings its debt-to-equity ratio to 23.5%. Its total assets and total liabilities are $28.8B and $13.3B respectively. Adobe's EBIT is $7.0B making its interest coverage ratio -43.3. It has cash and short-term investments of $6.8B.
Key information
23.5%
Debt to equity ratio
US$3.64b
Debt
Interest coverage ratio | -43.3x |
Cash | US$6.82b |
Equity | US$15.46b |
Total liabilities | US$13.29b |
Total assets | US$28.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ADBE's short term assets ($10.0B) exceed its short term liabilities ($9.5B).
Long Term Liabilities: ADBE's short term assets ($10.0B) exceed its long term liabilities ($3.8B).
Debt to Equity History and Analysis
Debt Level: ADBE has more cash than its total debt.
Reducing Debt: ADBE's debt to equity ratio has reduced from 41.9% to 23.5% over the past 5 years.
Debt Coverage: ADBE's debt is well covered by operating cash flow (186.6%).
Interest Coverage: ADBE earns more interest than it pays, so coverage of interest payments is not a concern.