Stock Analysis on Net

Adobe Inc. (NASDAQ:ADBE)

Analysis of Liquidity Ratios 

Microsoft Excel

Liquidity Ratios (Summary)

Adobe Inc., liquidity ratios

Microsoft Excel
Dec 2, 2022 Dec 3, 2021 Nov 27, 2020 Nov 29, 2019 Nov 30, 2018 Dec 1, 2017
Current ratio 1.11 1.25 1.48 0.79 1.13 2.05
Quick ratio 1.00 1.11 1.34 0.70 1.06 2.00
Cash ratio 0.75 0.84 1.09 0.51 0.75 1.65

Based on: 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).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Adobe Inc. current ratio deteriorated from 2020 to 2021 and from 2021 to 2022.
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 2020 to 2021 and from 2021 to 2022.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Adobe Inc. cash ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

Current Ratio

Adobe Inc., current ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 2, 2022 Dec 3, 2021 Nov 27, 2020 Nov 29, 2019 Nov 30, 2018 Dec 1, 2017
Selected Financial Data (US$ in millions)
Current assets 8,996 8,669 8,146 6,495 4,857 7,248
Current liabilities 8,128 6,932 5,512 8,191 4,301 3,527
Liquidity Ratio
Current ratio1 1.11 1.25 1.48 0.79 1.13 2.05
Benchmarks
Current Ratio, Competitors2
Accenture PLC 1.23 1.25 1.40 1.40 1.34 1.23
Fidelity National Information Services Inc. 0.74 0.80 0.84 1.19 0.92
International Business Machines Corp. 0.88 0.98 1.02 1.29 1.33
Intuit Inc. 1.39 1.94 2.26 1.83 1.14 0.73
Mastercard Inc. 1.29 1.61 1.42 1.39 1.57
Microsoft Corp. 1.78 2.08 2.52 2.53 2.90 2.48
Oracle Corp. 1.62 2.30 3.03 2.49 3.96 3.08
PayPal Holdings Inc. 1.22 1.33 1.43 1.27 1.43
Salesforce Inc. 1.05 1.23 1.08 0.95 0.92 0.83
ServiceNow Inc. 1.05 1.21 1.03 1.17 1.15
Visa Inc. 1.45 1.75 1.91 1.56 1.61 1.90
Current Ratio, Sector
Software & Services 1.56 1.76 1.72 2.03
Current Ratio, Industry
Information Technology 1.58 1.77 1.71 1.82

Based on: 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).

1 2022 Calculation
Current ratio = Current assets ÷ Current liabilities
= 8,996 ÷ 8,128 = 1.11

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 2020 to 2021 and from 2021 to 2022.

Quick Ratio

Adobe Inc., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 2, 2022 Dec 3, 2021 Nov 27, 2020 Nov 29, 2019 Nov 30, 2018 Dec 1, 2017
Selected Financial Data (US$ in millions)
Cash and cash equivalents 4,236 3,844 4,478 2,650 1,643 2,306
Short-term investments 1,860 1,954 1,514 1,527 1,586 3,514
Trade receivables, net of allowances for doubtful accounts 2,065 1,878 1,398 1,535 1,316 1,218
Total quick assets 8,161 7,676 7,390 5,712 4,545 7,038
 
Current liabilities 8,128 6,932 5,512 8,191 4,301 3,527
Liquidity Ratio
Quick ratio1 1.00 1.11 1.34 0.70 1.06 2.00
Benchmarks
Quick Ratio, Competitors2
Accenture PLC 1.12 1.14 1.29 1.29 1.24 1.12
Fidelity National Information Services Inc. 0.70 0.77 0.80 1.06 0.85
International Business Machines Corp. 0.67 0.83 0.87 1.12 1.19
Intuit Inc. 1.17 1.65 2.04 1.44 0.86 0.45
Mastercard Inc. 1.12 1.45 1.27 1.27 1.45
Microsoft Corp. 1.57 1.90 2.33 2.35 2.74 2.37
Oracle Corp. 1.43 2.15 2.83 2.31 3.78 2.95
PayPal Holdings Inc. 1.19 1.30 1.40 1.24 1.40
Salesforce Inc. 0.93 1.11 0.95 0.82 0.83 0.74
ServiceNow Inc. 0.95 1.10 0.92 1.03 1.05
Visa Inc. 1.26 1.61 1.77 1.45 1.53 1.81
Quick Ratio, Sector
Software & Services 1.42 1.63 1.58 1.89
Quick Ratio, Industry
Information Technology 1.35 1.55 1.51 1.62

Based on: 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).

1 2022 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 8,161 ÷ 8,128 = 1.00

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 2020 to 2021 and from 2021 to 2022.

Cash Ratio

Adobe Inc., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 2, 2022 Dec 3, 2021 Nov 27, 2020 Nov 29, 2019 Nov 30, 2018 Dec 1, 2017
Selected Financial Data (US$ in millions)
Cash and cash equivalents 4,236 3,844 4,478 2,650 1,643 2,306
Short-term investments 1,860 1,954 1,514 1,527 1,586 3,514
Total cash assets 6,096 5,798 5,992 4,177 3,229 5,820
 
Current liabilities 8,128 6,932 5,512 8,191 4,301 3,527
Liquidity Ratio
Cash ratio1 0.75 0.84 1.09 0.51 0.75 1.65
Benchmarks
Cash Ratio, Competitors2
Accenture PLC 0.45 0.52 0.67 0.55 0.50 0.42
Fidelity National Information Services Inc. 0.14 0.16 0.11 0.22 0.17
International Business Machines Corp. 0.22 0.36 0.24 0.32 0.34
Intuit Inc. 0.90 1.46 2.00 1.39 0.81 0.40
Mastercard Inc. 0.79 1.09 0.81 0.86 1.07
Microsoft Corp. 1.10 1.47 1.89 1.93 2.29 2.06
Oracle Corp. 1.12 1.93 2.50 2.03 3.50 2.73
PayPal Holdings Inc. 1.06 1.21 1.24 1.13 1.05
Salesforce Inc. 0.48 0.67 0.54 0.39 0.45 0.30
ServiceNow Inc. 0.67 0.83 0.61 0.74 0.85
Visa Inc. 1.07 1.38 1.57 1.11 1.28 1.56
Cash Ratio, Sector
Software & Services 1.06 1.26 1.16 1.44
Cash Ratio, Industry
Information Technology 0.96 1.17 1.09 1.17

Based on: 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).

1 2022 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 6,096 ÷ 8,128 = 0.75

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 2020 to 2021 and from 2021 to 2022.