Current Ratio
since 2005
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- Income Statement
- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Net Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Revenues
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Calculation
Adobe Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Nov 29, 2024 | = | ÷ | |||
| Dec 1, 2023 | = | ÷ | |||
| Dec 2, 2022 | = | ÷ | |||
| Dec 3, 2021 | = | ÷ | |||
| Nov 27, 2020 | = | ÷ | |||
| Nov 29, 2019 | = | ÷ | |||
| Nov 30, 2018 | = | ÷ | |||
| Dec 1, 2017 | = | ÷ | |||
| Dec 2, 2016 | = | ÷ | |||
| Nov 27, 2015 | = | ÷ | |||
| Nov 28, 2014 | = | ÷ | |||
| Nov 29, 2013 | = | ÷ | |||
| Nov 30, 2012 | = | ÷ | |||
| Dec 2, 2011 | = | ÷ | |||
| Dec 3, 2010 | = | ÷ | |||
| Nov 27, 2009 | = | ÷ | |||
| Nov 28, 2008 | = | ÷ | |||
| Nov 30, 2007 | = | ÷ | |||
| Dec 1, 2006 | = | ÷ | |||
| Dec 2, 2005 | = | ÷ |
Based on: 10-K (reporting date: 2024-11-29), 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-12-01), 10-K (reporting date: 2016-12-02), 10-K (reporting date: 2015-11-27), 10-K (reporting date: 2014-11-28), 10-K (reporting date: 2013-11-29), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-12-02), 10-K (reporting date: 2010-12-03), 10-K (reporting date: 2009-11-27), 10-K (reporting date: 2008-11-28), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-12-01), 10-K (reporting date: 2005-12-02).
1 US$ in millions
- Current Assets
- The current assets exhibit an overall upward trend from 2005 through 2024. Starting at 2,009 million USD in 2005, the figure generally increased with some fluctuations, reaching a peak of 11,232 million USD in 2024. Notable increases occur between 2010 and 2017, with values growing from 3,216 million USD to 7,248 million USD, followed by a dip in 2018 before continuing an upward trajectory.
- Current Liabilities
- Current liabilities have also increased significantly over the same period, rising from 480 million USD in 2005 to 10,521 million USD in 2024. The growth appears relatively steady, with a marked acceleration after 2013 where liabilities surged from 1,526 million USD to over 8,000 million USD by 2019, and reaching a peak of over 10,500 million USD by 2024.
- Current Ratio
- The current ratio demonstrates a declining trend despite some minor fluctuations. The ratio started high at 4.18 in 2005 and remained above 3.0 until around 2009. From 2010 onwards, it began descending steadily, falling below 2.0 after 2013. A low point appears in 2019 at 0.79, indicating that current liabilities exceeded current assets during that time. There is a slight recovery observed post-2019 with the ratio rising again close to 1.0, achieving 1.07 in 2024. This suggests tightening liquidity over time and a possible reduction in short-term financial safety.
- Summary
- Over the period analyzed, both current assets and current liabilities increased substantially, with liabilities rising at a more accelerated rate in recent years. This led to a declining current ratio, which signals a decrease in the company's short-term liquidity position. Despite the substantial growth in assets, the pace of increase in liabilities has reduced the margin of safety traditionally provided by high liquidity. The current ratio falling below 1 at times indicates periods where liabilities exceeded assets, posing potential liquidity risk. The marginal improvement after 2019 suggests some stabilization in managing short-term obligations.
Comparison to Competitors
Adobe Inc., current ratio, long-term trends, comparison to competitors
| Adobe Inc. | Accenture PLC | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Fair Isaac Corp. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 29, 2024 | |||||||||||||||
| Dec 1, 2023 | |||||||||||||||
| Dec 2, 2022 | |||||||||||||||
| Dec 3, 2021 | |||||||||||||||
| Nov 27, 2020 | |||||||||||||||
| Nov 29, 2019 | |||||||||||||||
| Nov 30, 2018 | |||||||||||||||
| Dec 1, 2017 | |||||||||||||||
| Dec 2, 2016 | |||||||||||||||
| Nov 27, 2015 | |||||||||||||||
| Nov 28, 2014 | |||||||||||||||
| Nov 29, 2013 | |||||||||||||||
| Nov 30, 2012 | |||||||||||||||
| Dec 2, 2011 | |||||||||||||||
| Dec 3, 2010 | |||||||||||||||
| Nov 27, 2009 | |||||||||||||||
| Nov 28, 2008 | |||||||||||||||
| Nov 30, 2007 | |||||||||||||||
| Dec 1, 2006 | |||||||||||||||
| Dec 2, 2005 |
Based on: 10-K (reporting date: 2024-11-29), 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-12-01), 10-K (reporting date: 2016-12-02), 10-K (reporting date: 2015-11-27), 10-K (reporting date: 2014-11-28), 10-K (reporting date: 2013-11-29), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-12-02), 10-K (reporting date: 2010-12-03), 10-K (reporting date: 2009-11-27), 10-K (reporting date: 2008-11-28), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-12-01), 10-K (reporting date: 2005-12-02).
Comparison to Sector (Software & Services)
Adobe Inc., current ratio, long-term trends, comparison to sector (software & services)
| Adobe Inc. | Software & Services | |
|---|---|---|
| Nov 29, 2024 | ||
| Dec 1, 2023 | ||
| Dec 2, 2022 | ||
| Dec 3, 2021 | ||
| Nov 27, 2020 | ||
| Nov 29, 2019 | ||
| Nov 30, 2018 | ||
| Dec 1, 2017 | ||
| Dec 2, 2016 | ||
| Nov 27, 2015 | ||
| Nov 28, 2014 | ||
| Nov 29, 2013 | ||
| Nov 30, 2012 | ||
| Dec 2, 2011 | ||
| Dec 3, 2010 | ||
| Nov 27, 2009 | ||
| Nov 28, 2008 | ||
| Nov 30, 2007 | ||
| Dec 1, 2006 | ||
| Dec 2, 2005 |
Based on: 10-K (reporting date: 2024-11-29), 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-12-01), 10-K (reporting date: 2016-12-02), 10-K (reporting date: 2015-11-27), 10-K (reporting date: 2014-11-28), 10-K (reporting date: 2013-11-29), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-12-02), 10-K (reporting date: 2010-12-03), 10-K (reporting date: 2009-11-27), 10-K (reporting date: 2008-11-28), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-12-01), 10-K (reporting date: 2005-12-02).
Comparison to Industry (Information Technology)
Adobe Inc., current ratio, long-term trends, comparison to industry (information technology)
| Adobe Inc. | Information Technology | |
|---|---|---|
| Nov 29, 2024 | ||
| Dec 1, 2023 | ||
| Dec 2, 2022 | ||
| Dec 3, 2021 | ||
| Nov 27, 2020 | ||
| Nov 29, 2019 | ||
| Nov 30, 2018 | ||
| Dec 1, 2017 | ||
| Dec 2, 2016 | ||
| Nov 27, 2015 | ||
| Nov 28, 2014 | ||
| Nov 29, 2013 | ||
| Nov 30, 2012 | ||
| Dec 2, 2011 | ||
| Dec 3, 2010 | ||
| Nov 27, 2009 | ||
| Nov 28, 2008 | ||
| Nov 30, 2007 | ||
| Dec 1, 2006 | ||
| Dec 2, 2005 |
Based on: 10-K (reporting date: 2024-11-29), 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-12-01), 10-K (reporting date: 2016-12-02), 10-K (reporting date: 2015-11-27), 10-K (reporting date: 2014-11-28), 10-K (reporting date: 2013-11-29), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-12-02), 10-K (reporting date: 2010-12-03), 10-K (reporting date: 2009-11-27), 10-K (reporting date: 2008-11-28), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-12-01), 10-K (reporting date: 2005-12-02).