Analysis of Debt
Total Debt (Carrying Amount)
Adobe Inc., balance sheet: debt
US$ in millions
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)
| 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%