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