Microsoft Excel LibreOffice Calc

Adobe Inc. (ADBE)


Analysis of Debt

Advanced level


Total Debt (Carrying Amount)

Adobe Inc., balance sheet: debt

US$ in thousands

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Nov 30, 2018 Dec 1, 2017 Dec 2, 2016 Nov 27, 2015 Nov 28, 2014 Nov 29, 2013
Debt, current portion —  —  —  —  603,229  14,676 
Debt, excluding current portion 4,124,800  1,881,421  1,902,068  1,907,231  911,086  1,499,297 
Total debt and capital lease obligations, including current portion (carrying amount) 4,124,800  1,881,421  1,902,068  1,907,231  1,514,315  1,513,973 

Based on: 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), 10-K (filing date: 2015-01-20), 10-K (filing date: 2014-01-21).

Debt item Description The company
Total debt and capital lease obligations, 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 decreased from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.

Total Debt (Fair Value)

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Nov 30, 2018
Selected Financial Data (US$ in thousands)
Term loan 2,248,427 
Senior notes 1,890,000 
Capital lease obligations — 
Total debt and capital lease obligations, including current portion (fair value) 4,138,427 
Financial Ratio
Debt, fair value to carrying amount ratio 1.00

Based on: 10-K (filing date: 2019-01-25).


Weighted-average Interest Rate on Debt

Weighted-average effective interest rate on debt: 4.26%

Interest Rate Debt Amount1 Interest Rate × Debt Amount Weighted-average Interest Rate2
4.92% 900,000  44,280 
3.67% 1,000,000  36,700 
Total 1,900,000  80,980 
4.26%

Based on: 10-K (filing date: 2019-01-25).

1 US$ in thousands

2 Weighted-average interest rate = 100 × 80,980 ÷ 1,900,000 = 4.26%