Adobe Balance Sheet Health
Financial Health criteria checks 6/6
Adobe has a total shareholder equity of $14.8B and total debt of $5.6B, which brings its debt-to-equity ratio to 37.9%. Its total assets and total liabilities are $30.0B and $15.2B respectively. Adobe's EBIT is $7.2B making its interest coverage ratio -49.5. It has cash and short-term investments of $8.1B.
Key information
37.9%
Debt to equity ratio
US$5.63b
Debt
| Interest coverage ratio | -49.5x |
| Cash | US$8.07b |
| Equity | US$14.84b |
| Total liabilities | US$15.16b |
| Total assets | US$30.01b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: ADBE's short term assets ($11.0B) exceed its short term liabilities ($9.5B).
Long Term Liabilities: ADBE's short term assets ($11.0B) exceed its long term liabilities ($5.7B).
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 41.7% to 37.9% over the past 5 years.
Debt Coverage: ADBE's debt is well covered by operating cash flow (117%).
Interest Coverage: ADBE earns more interest than it pays, so coverage of interest payments is not a concern.