Stock Analysis on Net
Stock Analysis on Net

Adobe Inc. (NASDAQ:ADBE)

Analysis of Debt

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Total Debt (Carrying Amount)

Adobe Inc., balance sheet: debt

US$ in millions

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Nov 27, 2020 Nov 29, 2019 Nov 30, 2018 Dec 1, 2017 Dec 2, 2016 Nov 27, 2015
Debt, current portion —  3,149  —  —  —  — 
Debt, excluding current portion 4,117  989  4,125  1,881  1,902  1,907 
Total debt, including current portion (carrying amount) 4,117  4,138  4,125  1,881  1,902  1,907 

Based on: 10-K (filing date: 2021-01-15), 10-K (filing date: 2020-01-21), 10-K (filing date: 2019-01-25), 10-K (filing date: 2018-01-22), 10-K (filing date: 2017-01-20), 10-K (filing date: 2016-01-19).

Debt item Description The company
Total debt, including current portion (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. Adobe Inc.’s total debt increased from 2018 to 2019 but then decreased significantly from 2019 to 2020.

Total Debt (Fair Value)

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Nov 27, 2020
Selected Financial Data (US$ in millions)
Term loan — 
Senior notes 4,480 
Total debt, including current portion (fair value) 4,480 
Financial Ratio
Debt, fair value to carrying amount ratio 1.09

Based on: 10-K (filing date: 2021-01-15).


Weighted-average Interest Rate on Debt

Weighted-average effective interest rate on debt: 2.67%

Interest rate Debt amount1 Interest rate × Debt amount Weighted-average interest rate2
1.92% 500  10 
2.07% 500  10 
3.67% 1,000  37 
2.26% 850  19 
2.69% 1,300  35 
Total 4,150  111 
2.67%

Based on: 10-K (filing date: 2021-01-15).

1 US$ in millions

2 Weighted-average interest rate = 100 × 111 ÷ 4,150 = 2.67%