Stock Analysis on Net

Adobe Inc. (NASDAQ:ADBE)

Analysis of Liquidity Ratios 

Microsoft Excel

Liquidity Ratios (Summary)

Adobe Inc., liquidity ratios

Microsoft Excel
Dec 1, 2023 Dec 2, 2022 Dec 3, 2021 Nov 27, 2020 Nov 29, 2019 Nov 30, 2018
Current ratio 1.34 1.11 1.25 1.48 0.79 1.13
Quick ratio 1.22 1.00 1.11 1.34 0.70 1.06
Cash ratio 0.95 0.75 0.84 1.09 0.51 0.75

Based on: 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).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Adobe Inc. current ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Adobe Inc. quick ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Adobe Inc. cash ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Current Ratio

Adobe Inc., current ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 1, 2023 Dec 2, 2022 Dec 3, 2021 Nov 27, 2020 Nov 29, 2019 Nov 30, 2018
Selected Financial Data (US$ in millions)
Current assets 11,084 8,996 8,669 8,146 6,495 4,857
Current liabilities 8,251 8,128 6,932 5,512 8,191 4,301
Liquidity Ratio
Current ratio1 1.34 1.11 1.25 1.48 0.79 1.13
Benchmarks
Current Ratio, Competitors2
Accenture PLC 1.30 1.23 1.25 1.40 1.40 1.34
International Business Machines Corp. 0.96 0.92 0.88 0.98 1.02
Intuit Inc. 1.47 1.39 1.94 2.26 1.83 1.14
Microsoft Corp. 1.77 1.78 2.08 2.52 2.53 2.90
Oracle Corp. 0.91 1.62 2.30 3.03 2.49 3.96
Palo Alto Networks Inc. 0.78 0.77 0.91 1.91 1.78 1.93
Salesforce Inc. 1.02 1.05 1.23 1.08 0.95
ServiceNow Inc. 1.06 1.11 1.05 1.21 1.03
Synopsys Inc. 1.15 1.09 1.16 1.19 0.99 0.73
Current Ratio, Sector
Software & Services 1.37 1.42 1.67 1.92 1.85
Current Ratio, Industry
Information Technology 1.46 1.44 1.64 1.85 1.77

Based on: 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).

1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 11,084 ÷ 8,251 = 1.34

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Adobe Inc. current ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Quick Ratio

Adobe Inc., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 1, 2023 Dec 2, 2022 Dec 3, 2021 Nov 27, 2020 Nov 29, 2019 Nov 30, 2018
Selected Financial Data (US$ in millions)
Cash and cash equivalents 7,141 4,236 3,844 4,478 2,650 1,643
Short-term investments 701 1,860 1,954 1,514 1,527 1,586
Trade receivables, net of allowances for doubtful accounts 2,224 2,065 1,878 1,398 1,535 1,316
Total quick assets 10,066 8,161 7,676 7,390 5,712 4,545
 
Current liabilities 8,251 8,128 6,932 5,512 8,191 4,301
Liquidity Ratio
Quick ratio1 1.22 1.00 1.11 1.34 0.70 1.06
Benchmarks
Quick Ratio, Competitors2
Accenture PLC 1.18 1.12 1.14 1.29 1.29 1.24
International Business Machines Corp. 0.80 0.73 0.67 0.83 0.87
Intuit Inc. 1.25 1.17 1.65 2.04 1.44 0.86
Microsoft Corp. 1.54 1.57 1.90 2.33 2.35 2.74
Oracle Corp. 0.74 1.43 2.15 2.83 2.31 3.78
Palo Alto Networks Inc. 0.72 0.75 0.88 1.85 1.72 1.81
Salesforce Inc. 0.90 0.93 1.11 0.95 0.82
ServiceNow Inc. 1.00 1.06 1.01 1.16 0.98
Synopsys Inc. 0.85 0.85 0.89 0.94 0.73 0.61
Quick Ratio, Sector
Software & Services 1.19 1.25 1.51 1.76 1.69
Quick Ratio, Industry
Information Technology 1.17 1.15 1.38 1.60 1.55

Based on: 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).

1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 10,066 ÷ 8,251 = 1.22

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Adobe Inc. quick ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Cash Ratio

Adobe Inc., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 1, 2023 Dec 2, 2022 Dec 3, 2021 Nov 27, 2020 Nov 29, 2019 Nov 30, 2018
Selected Financial Data (US$ in millions)
Cash and cash equivalents 7,141 4,236 3,844 4,478 2,650 1,643
Short-term investments 701 1,860 1,954 1,514 1,527 1,586
Total cash assets 7,842 6,096 5,798 5,992 4,177 3,229
 
Current liabilities 8,251 8,128 6,932 5,512 8,191 4,301
Liquidity Ratio
Cash ratio1 0.95 0.75 0.84 1.09 0.51 0.75
Benchmarks
Cash Ratio, Competitors2
Accenture PLC 0.50 0.45 0.52 0.67 0.55 0.50
International Business Machines Corp. 0.39 0.28 0.22 0.36 0.24
Intuit Inc. 0.97 0.90 1.46 2.00 1.39 0.81
Microsoft Corp. 1.07 1.10 1.47 1.89 1.93 2.29
Oracle Corp. 0.44 1.12 1.93 2.50 2.03 3.50
Palo Alto Networks Inc. 0.31 0.44 0.57 1.39 1.37 1.59
Salesforce Inc. 0.48 0.48 0.67 0.54 0.39
ServiceNow Inc. 0.66 0.71 0.67 0.83 0.61
Synopsys Inc. 0.53 0.56 0.65 0.58 0.42 0.34
Cash Ratio, Sector
Software & Services 0.75 0.81 1.10 1.33 1.23
Cash Ratio, Industry
Information Technology 0.75 0.72 0.96 1.19 1.11

Based on: 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).

1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 7,842 ÷ 8,251 = 0.95

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Adobe Inc. cash ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.