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Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company’s ability to meet long-term obligations.
Solvency Ratios (Summary)
Adobe Inc., solvency ratios (quarterly data)
Based on: 10-Q (filing date: 2021-09-29), 10-Q (filing date: 2021-06-30), 10-Q (filing date: 2021-03-31), 10-K (filing date: 2021-01-15), 10-Q (filing date: 2020-09-23), 10-Q (filing date: 2020-06-24), 10-Q (filing date: 2020-03-25), 10-K (filing date: 2020-01-21), 10-Q (filing date: 2019-09-26), 10-Q (filing date: 2019-06-26), 10-Q (filing date: 2019-03-27), 10-K (filing date: 2019-01-25), 10-Q (filing date: 2018-09-26), 10-Q (filing date: 2018-06-27), 10-Q (filing date: 2018-03-28), 10-K (filing date: 2018-01-22), 10-Q (filing date: 2017-09-27), 10-Q (filing date: 2017-06-28), 10-Q (filing date: 2017-03-29), 10-K (filing date: 2017-01-20), 10-Q (filing date: 2016-09-27), 10-Q (filing date: 2016-06-29), 10-Q (filing date: 2016-03-30), 10-K (filing date: 2016-01-19), 10-Q (filing date: 2015-09-23), 10-Q (filing date: 2015-06-24), 10-Q (filing date: 2015-03-25).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Adobe Inc.’s debt to equity ratio improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021. |
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Adobe Inc.’s debt to equity ratio (including operating lease liability) improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Adobe Inc.’s debt to capital ratio improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021. |
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Adobe Inc.’s debt to capital ratio (including operating lease liability) improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Adobe Inc.’s debt to assets ratio improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021. |
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Adobe Inc.’s debt to assets ratio (including operating lease liability) improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Adobe Inc.’s financial leverage ratio increased from Q1 2021 to Q2 2021 but then decreased significantly from Q2 2021 to Q3 2021. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Adobe Inc.’s interest coverage ratio improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021. |
Debt to Equity
Adobe Inc., debt to equity calculation (quarterly data)
| Sep 3, 2021 | Jun 4, 2021 | Mar 5, 2021 | Nov 27, 2020 | Aug 28, 2020 | May 29, 2020 | Feb 28, 2020 | Nov 29, 2019 | Aug 30, 2019 | May 31, 2019 | Mar 1, 2019 | Nov 30, 2018 | Aug 31, 2018 | Jun 1, 2018 | Mar 2, 2018 | Dec 1, 2017 | Sep 1, 2017 | Jun 2, 2017 | Mar 3, 2017 | Dec 2, 2016 | Sep 2, 2016 | Jun 3, 2016 | Mar 4, 2016 | Nov 27, 2015 | Aug 28, 2015 | May 29, 2015 | Feb 27, 2015 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
| Debt, current portion | |||||||||||||||||||||||||||||||||||
| Debt, excluding current portion | |||||||||||||||||||||||||||||||||||
| Total debt | |||||||||||||||||||||||||||||||||||
| Stockholders’ equity | |||||||||||||||||||||||||||||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||||
| Debt to equity1 | |||||||||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | |||||||||||||||||||||||||||||||||||
| Accenture PLC | |||||||||||||||||||||||||||||||||||
| Autodesk Inc. | |||||||||||||||||||||||||||||||||||
| Automatic Data Processing Inc. | |||||||||||||||||||||||||||||||||||
| Fidelity National Information Services Inc. | |||||||||||||||||||||||||||||||||||
| Fiserv Inc. | |||||||||||||||||||||||||||||||||||
| International Business Machines Corp. | |||||||||||||||||||||||||||||||||||
| Intuit Inc. | |||||||||||||||||||||||||||||||||||
| Mastercard Inc. | |||||||||||||||||||||||||||||||||||
| Microsoft Corp. | |||||||||||||||||||||||||||||||||||
| Oracle Corp. | |||||||||||||||||||||||||||||||||||
| PayPal Holdings Inc. | |||||||||||||||||||||||||||||||||||
| salesforce.com inc. | |||||||||||||||||||||||||||||||||||
| ServiceNow Inc. | |||||||||||||||||||||||||||||||||||
| Visa Inc. | |||||||||||||||||||||||||||||||||||
Based on: 10-Q (filing date: 2021-09-29), 10-Q (filing date: 2021-06-30), 10-Q (filing date: 2021-03-31), 10-K (filing date: 2021-01-15), 10-Q (filing date: 2020-09-23), 10-Q (filing date: 2020-06-24), 10-Q (filing date: 2020-03-25), 10-K (filing date: 2020-01-21), 10-Q (filing date: 2019-09-26), 10-Q (filing date: 2019-06-26), 10-Q (filing date: 2019-03-27), 10-K (filing date: 2019-01-25), 10-Q (filing date: 2018-09-26), 10-Q (filing date: 2018-06-27), 10-Q (filing date: 2018-03-28), 10-K (filing date: 2018-01-22), 10-Q (filing date: 2017-09-27), 10-Q (filing date: 2017-06-28), 10-Q (filing date: 2017-03-29), 10-K (filing date: 2017-01-20), 10-Q (filing date: 2016-09-27), 10-Q (filing date: 2016-06-29), 10-Q (filing date: 2016-03-30), 10-K (filing date: 2016-01-19), 10-Q (filing date: 2015-09-23), 10-Q (filing date: 2015-06-24), 10-Q (filing date: 2015-03-25).
1 Q3 2021 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= ÷ =
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Adobe Inc.’s debt to equity ratio improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021. |
Debt to Equity (including Operating Lease Liability)
Adobe Inc., debt to equity (including operating lease liability) calculation (quarterly data)
| Sep 3, 2021 | Jun 4, 2021 | Mar 5, 2021 | Nov 27, 2020 | Aug 28, 2020 | May 29, 2020 | Feb 28, 2020 | Nov 29, 2019 | Aug 30, 2019 | May 31, 2019 | Mar 1, 2019 | Nov 30, 2018 | Aug 31, 2018 | Jun 1, 2018 | Mar 2, 2018 | Dec 1, 2017 | Sep 1, 2017 | Jun 2, 2017 | Mar 3, 2017 | Dec 2, 2016 | Sep 2, 2016 | Jun 3, 2016 | Mar 4, 2016 | Nov 27, 2015 | Aug 28, 2015 | May 29, 2015 | Feb 27, 2015 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
| Debt, current portion | |||||||||||||||||||||||||||||||||||
| Debt, excluding current portion | |||||||||||||||||||||||||||||||||||
| Total debt | |||||||||||||||||||||||||||||||||||
| Current operating lease liabilities | |||||||||||||||||||||||||||||||||||
| Long-term operating lease liabilities | |||||||||||||||||||||||||||||||||||
| Total debt (including operating lease liability) | |||||||||||||||||||||||||||||||||||
| Stockholders’ equity | |||||||||||||||||||||||||||||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||||
| Debt to equity (including operating lease liability)1 | |||||||||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||||||||
| Accenture PLC | |||||||||||||||||||||||||||||||||||
| Autodesk Inc. | |||||||||||||||||||||||||||||||||||
| Automatic Data Processing Inc. | |||||||||||||||||||||||||||||||||||
| International Business Machines Corp. | |||||||||||||||||||||||||||||||||||
| Intuit Inc. | |||||||||||||||||||||||||||||||||||
| Microsoft Corp. | |||||||||||||||||||||||||||||||||||
| salesforce.com inc. | |||||||||||||||||||||||||||||||||||
| ServiceNow Inc. | |||||||||||||||||||||||||||||||||||
Based on: 10-Q (filing date: 2021-09-29), 10-Q (filing date: 2021-06-30), 10-Q (filing date: 2021-03-31), 10-K (filing date: 2021-01-15), 10-Q (filing date: 2020-09-23), 10-Q (filing date: 2020-06-24), 10-Q (filing date: 2020-03-25), 10-K (filing date: 2020-01-21), 10-Q (filing date: 2019-09-26), 10-Q (filing date: 2019-06-26), 10-Q (filing date: 2019-03-27), 10-K (filing date: 2019-01-25), 10-Q (filing date: 2018-09-26), 10-Q (filing date: 2018-06-27), 10-Q (filing date: 2018-03-28), 10-K (filing date: 2018-01-22), 10-Q (filing date: 2017-09-27), 10-Q (filing date: 2017-06-28), 10-Q (filing date: 2017-03-29), 10-K (filing date: 2017-01-20), 10-Q (filing date: 2016-09-27), 10-Q (filing date: 2016-06-29), 10-Q (filing date: 2016-03-30), 10-K (filing date: 2016-01-19), 10-Q (filing date: 2015-09-23), 10-Q (filing date: 2015-06-24), 10-Q (filing date: 2015-03-25).
1 Q3 2021 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= ÷ =
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Adobe Inc.’s debt to equity ratio (including operating lease liability) improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021. |
Debt to Capital
Adobe Inc., debt to capital calculation (quarterly data)
| Sep 3, 2021 | Jun 4, 2021 | Mar 5, 2021 | Nov 27, 2020 | Aug 28, 2020 | May 29, 2020 | Feb 28, 2020 | Nov 29, 2019 | Aug 30, 2019 | May 31, 2019 | Mar 1, 2019 | Nov 30, 2018 | Aug 31, 2018 | Jun 1, 2018 | Mar 2, 2018 | Dec 1, 2017 | Sep 1, 2017 | Jun 2, 2017 | Mar 3, 2017 | Dec 2, 2016 | Sep 2, 2016 | Jun 3, 2016 | Mar 4, 2016 | Nov 27, 2015 | Aug 28, 2015 | May 29, 2015 | Feb 27, 2015 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
| Debt, current portion | |||||||||||||||||||||||||||||||||||
| Debt, excluding current portion | |||||||||||||||||||||||||||||||||||
| Total debt | |||||||||||||||||||||||||||||||||||
| Stockholders’ equity | |||||||||||||||||||||||||||||||||||
| Total capital | |||||||||||||||||||||||||||||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||||
| Debt to capital1 | |||||||||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | |||||||||||||||||||||||||||||||||||
| Accenture PLC | |||||||||||||||||||||||||||||||||||
| Autodesk Inc. | |||||||||||||||||||||||||||||||||||
| Automatic Data Processing Inc. | |||||||||||||||||||||||||||||||||||
| Fidelity National Information Services Inc. | |||||||||||||||||||||||||||||||||||
| Fiserv Inc. | |||||||||||||||||||||||||||||||||||
| International Business Machines Corp. | |||||||||||||||||||||||||||||||||||
| Intuit Inc. | |||||||||||||||||||||||||||||||||||
| Mastercard Inc. | |||||||||||||||||||||||||||||||||||
| Microsoft Corp. | |||||||||||||||||||||||||||||||||||
| Oracle Corp. | |||||||||||||||||||||||||||||||||||
| PayPal Holdings Inc. | |||||||||||||||||||||||||||||||||||
| salesforce.com inc. | |||||||||||||||||||||||||||||||||||
| ServiceNow Inc. | |||||||||||||||||||||||||||||||||||
| Visa Inc. | |||||||||||||||||||||||||||||||||||
Based on: 10-Q (filing date: 2021-09-29), 10-Q (filing date: 2021-06-30), 10-Q (filing date: 2021-03-31), 10-K (filing date: 2021-01-15), 10-Q (filing date: 2020-09-23), 10-Q (filing date: 2020-06-24), 10-Q (filing date: 2020-03-25), 10-K (filing date: 2020-01-21), 10-Q (filing date: 2019-09-26), 10-Q (filing date: 2019-06-26), 10-Q (filing date: 2019-03-27), 10-K (filing date: 2019-01-25), 10-Q (filing date: 2018-09-26), 10-Q (filing date: 2018-06-27), 10-Q (filing date: 2018-03-28), 10-K (filing date: 2018-01-22), 10-Q (filing date: 2017-09-27), 10-Q (filing date: 2017-06-28), 10-Q (filing date: 2017-03-29), 10-K (filing date: 2017-01-20), 10-Q (filing date: 2016-09-27), 10-Q (filing date: 2016-06-29), 10-Q (filing date: 2016-03-30), 10-K (filing date: 2016-01-19), 10-Q (filing date: 2015-09-23), 10-Q (filing date: 2015-06-24), 10-Q (filing date: 2015-03-25).
1 Q3 2021 Calculation
Debt to capital = Total debt ÷ Total capital
= ÷ =
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Adobe Inc.’s debt to capital ratio improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021. |
Debt to Capital (including Operating Lease Liability)
Adobe Inc., debt to capital (including operating lease liability) calculation (quarterly data)
| Sep 3, 2021 | Jun 4, 2021 | Mar 5, 2021 | Nov 27, 2020 | Aug 28, 2020 | May 29, 2020 | Feb 28, 2020 | Nov 29, 2019 | Aug 30, 2019 | May 31, 2019 | Mar 1, 2019 | Nov 30, 2018 | Aug 31, 2018 | Jun 1, 2018 | Mar 2, 2018 | Dec 1, 2017 | Sep 1, 2017 | Jun 2, 2017 | Mar 3, 2017 | Dec 2, 2016 | Sep 2, 2016 | Jun 3, 2016 | Mar 4, 2016 | Nov 27, 2015 | Aug 28, 2015 | May 29, 2015 | Feb 27, 2015 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
| Debt, current portion | |||||||||||||||||||||||||||||||||||
| Debt, excluding current portion | |||||||||||||||||||||||||||||||||||
| Total debt | |||||||||||||||||||||||||||||||||||
| Current operating lease liabilities | |||||||||||||||||||||||||||||||||||
| Long-term operating lease liabilities | |||||||||||||||||||||||||||||||||||
| Total debt (including operating lease liability) | |||||||||||||||||||||||||||||||||||
| Stockholders’ equity | |||||||||||||||||||||||||||||||||||
| Total capital (including operating lease liability) | |||||||||||||||||||||||||||||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||||
| Debt to capital (including operating lease liability)1 | |||||||||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||||||||
| Accenture PLC | |||||||||||||||||||||||||||||||||||
| Autodesk Inc. | |||||||||||||||||||||||||||||||||||
| Automatic Data Processing Inc. | |||||||||||||||||||||||||||||||||||
| International Business Machines Corp. | |||||||||||||||||||||||||||||||||||
| Intuit Inc. | |||||||||||||||||||||||||||||||||||
| Microsoft Corp. | |||||||||||||||||||||||||||||||||||
| salesforce.com inc. | |||||||||||||||||||||||||||||||||||
| ServiceNow Inc. | |||||||||||||||||||||||||||||||||||
Based on: 10-Q (filing date: 2021-09-29), 10-Q (filing date: 2021-06-30), 10-Q (filing date: 2021-03-31), 10-K (filing date: 2021-01-15), 10-Q (filing date: 2020-09-23), 10-Q (filing date: 2020-06-24), 10-Q (filing date: 2020-03-25), 10-K (filing date: 2020-01-21), 10-Q (filing date: 2019-09-26), 10-Q (filing date: 2019-06-26), 10-Q (filing date: 2019-03-27), 10-K (filing date: 2019-01-25), 10-Q (filing date: 2018-09-26), 10-Q (filing date: 2018-06-27), 10-Q (filing date: 2018-03-28), 10-K (filing date: 2018-01-22), 10-Q (filing date: 2017-09-27), 10-Q (filing date: 2017-06-28), 10-Q (filing date: 2017-03-29), 10-K (filing date: 2017-01-20), 10-Q (filing date: 2016-09-27), 10-Q (filing date: 2016-06-29), 10-Q (filing date: 2016-03-30), 10-K (filing date: 2016-01-19), 10-Q (filing date: 2015-09-23), 10-Q (filing date: 2015-06-24), 10-Q (filing date: 2015-03-25).
1 Q3 2021 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= ÷ =
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Adobe Inc.’s debt to capital ratio (including operating lease liability) improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021. |
Debt to Assets
Adobe Inc., debt to assets calculation (quarterly data)
| Sep 3, 2021 | Jun 4, 2021 | Mar 5, 2021 | Nov 27, 2020 | Aug 28, 2020 | May 29, 2020 | Feb 28, 2020 | Nov 29, 2019 | Aug 30, 2019 | May 31, 2019 | Mar 1, 2019 | Nov 30, 2018 | Aug 31, 2018 | Jun 1, 2018 | Mar 2, 2018 | Dec 1, 2017 | Sep 1, 2017 | Jun 2, 2017 | Mar 3, 2017 | Dec 2, 2016 | Sep 2, 2016 | Jun 3, 2016 | Mar 4, 2016 | Nov 27, 2015 | Aug 28, 2015 | May 29, 2015 | Feb 27, 2015 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
| Debt, current portion | |||||||||||||||||||||||||||||||||||
| Debt, excluding current portion | |||||||||||||||||||||||||||||||||||
| Total debt | |||||||||||||||||||||||||||||||||||
| Total assets | |||||||||||||||||||||||||||||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||||
| Debt to assets1 | |||||||||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | |||||||||||||||||||||||||||||||||||
| Accenture PLC | |||||||||||||||||||||||||||||||||||
| Autodesk Inc. | |||||||||||||||||||||||||||||||||||
| Automatic Data Processing Inc. | |||||||||||||||||||||||||||||||||||
| Fidelity National Information Services Inc. | |||||||||||||||||||||||||||||||||||
| Fiserv Inc. | |||||||||||||||||||||||||||||||||||
| International Business Machines Corp. | |||||||||||||||||||||||||||||||||||
| Intuit Inc. | |||||||||||||||||||||||||||||||||||
| Mastercard Inc. | |||||||||||||||||||||||||||||||||||
| Microsoft Corp. | |||||||||||||||||||||||||||||||||||
| Oracle Corp. | |||||||||||||||||||||||||||||||||||
| PayPal Holdings Inc. | |||||||||||||||||||||||||||||||||||
| salesforce.com inc. | |||||||||||||||||||||||||||||||||||
| ServiceNow Inc. | |||||||||||||||||||||||||||||||||||
| Visa Inc. | |||||||||||||||||||||||||||||||||||
Based on: 10-Q (filing date: 2021-09-29), 10-Q (filing date: 2021-06-30), 10-Q (filing date: 2021-03-31), 10-K (filing date: 2021-01-15), 10-Q (filing date: 2020-09-23), 10-Q (filing date: 2020-06-24), 10-Q (filing date: 2020-03-25), 10-K (filing date: 2020-01-21), 10-Q (filing date: 2019-09-26), 10-Q (filing date: 2019-06-26), 10-Q (filing date: 2019-03-27), 10-K (filing date: 2019-01-25), 10-Q (filing date: 2018-09-26), 10-Q (filing date: 2018-06-27), 10-Q (filing date: 2018-03-28), 10-K (filing date: 2018-01-22), 10-Q (filing date: 2017-09-27), 10-Q (filing date: 2017-06-28), 10-Q (filing date: 2017-03-29), 10-K (filing date: 2017-01-20), 10-Q (filing date: 2016-09-27), 10-Q (filing date: 2016-06-29), 10-Q (filing date: 2016-03-30), 10-K (filing date: 2016-01-19), 10-Q (filing date: 2015-09-23), 10-Q (filing date: 2015-06-24), 10-Q (filing date: 2015-03-25).
1 Q3 2021 Calculation
Debt to assets = Total debt ÷ Total assets
= ÷ =
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Adobe Inc.’s debt to assets ratio improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021. |
Debt to Assets (including Operating Lease Liability)
Adobe Inc., debt to assets (including operating lease liability) calculation (quarterly data)
| Sep 3, 2021 | Jun 4, 2021 | Mar 5, 2021 | Nov 27, 2020 | Aug 28, 2020 | May 29, 2020 | Feb 28, 2020 | Nov 29, 2019 | Aug 30, 2019 | May 31, 2019 | Mar 1, 2019 | Nov 30, 2018 | Aug 31, 2018 | Jun 1, 2018 | Mar 2, 2018 | Dec 1, 2017 | Sep 1, 2017 | Jun 2, 2017 | Mar 3, 2017 | Dec 2, 2016 | Sep 2, 2016 | Jun 3, 2016 | Mar 4, 2016 | Nov 27, 2015 | Aug 28, 2015 | May 29, 2015 | Feb 27, 2015 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
| Debt, current portion | |||||||||||||||||||||||||||||||||||
| Debt, excluding current portion | |||||||||||||||||||||||||||||||||||
| Total debt | |||||||||||||||||||||||||||||||||||
| Current operating lease liabilities | |||||||||||||||||||||||||||||||||||
| Long-term operating lease liabilities | |||||||||||||||||||||||||||||||||||
| Total debt (including operating lease liability) | |||||||||||||||||||||||||||||||||||
| Total assets | |||||||||||||||||||||||||||||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||||
| Debt to assets (including operating lease liability)1 | |||||||||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||||||||
| Accenture PLC | |||||||||||||||||||||||||||||||||||
| Autodesk Inc. | |||||||||||||||||||||||||||||||||||
| Automatic Data Processing Inc. | |||||||||||||||||||||||||||||||||||
| International Business Machines Corp. | |||||||||||||||||||||||||||||||||||
| Intuit Inc. | |||||||||||||||||||||||||||||||||||
| Microsoft Corp. | |||||||||||||||||||||||||||||||||||
| salesforce.com inc. | |||||||||||||||||||||||||||||||||||
| ServiceNow Inc. | |||||||||||||||||||||||||||||||||||
Based on: 10-Q (filing date: 2021-09-29), 10-Q (filing date: 2021-06-30), 10-Q (filing date: 2021-03-31), 10-K (filing date: 2021-01-15), 10-Q (filing date: 2020-09-23), 10-Q (filing date: 2020-06-24), 10-Q (filing date: 2020-03-25), 10-K (filing date: 2020-01-21), 10-Q (filing date: 2019-09-26), 10-Q (filing date: 2019-06-26), 10-Q (filing date: 2019-03-27), 10-K (filing date: 2019-01-25), 10-Q (filing date: 2018-09-26), 10-Q (filing date: 2018-06-27), 10-Q (filing date: 2018-03-28), 10-K (filing date: 2018-01-22), 10-Q (filing date: 2017-09-27), 10-Q (filing date: 2017-06-28), 10-Q (filing date: 2017-03-29), 10-K (filing date: 2017-01-20), 10-Q (filing date: 2016-09-27), 10-Q (filing date: 2016-06-29), 10-Q (filing date: 2016-03-30), 10-K (filing date: 2016-01-19), 10-Q (filing date: 2015-09-23), 10-Q (filing date: 2015-06-24), 10-Q (filing date: 2015-03-25).
1 Q3 2021 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= ÷ =
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Adobe Inc.’s debt to assets ratio (including operating lease liability) improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021. |
Financial Leverage
Adobe Inc., financial leverage calculation (quarterly data)
| Sep 3, 2021 | Jun 4, 2021 | Mar 5, 2021 | Nov 27, 2020 | Aug 28, 2020 | May 29, 2020 | Feb 28, 2020 | Nov 29, 2019 | Aug 30, 2019 | May 31, 2019 | Mar 1, 2019 | Nov 30, 2018 | Aug 31, 2018 | Jun 1, 2018 | Mar 2, 2018 | Dec 1, 2017 | Sep 1, 2017 | Jun 2, 2017 | Mar 3, 2017 | Dec 2, 2016 | Sep 2, 2016 | Jun 3, 2016 | Mar 4, 2016 | Nov 27, 2015 | Aug 28, 2015 | May 29, 2015 | Feb 27, 2015 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
| Total assets | |||||||||||||||||||||||||||||||||||
| Stockholders’ equity | |||||||||||||||||||||||||||||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||||
| Financial leverage1 | |||||||||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | |||||||||||||||||||||||||||||||||||
| Accenture PLC | |||||||||||||||||||||||||||||||||||
| Autodesk Inc. | |||||||||||||||||||||||||||||||||||
| Automatic Data Processing Inc. | |||||||||||||||||||||||||||||||||||
| Fidelity National Information Services Inc. | |||||||||||||||||||||||||||||||||||
| Fiserv Inc. | |||||||||||||||||||||||||||||||||||
| International Business Machines Corp. | |||||||||||||||||||||||||||||||||||
| Intuit Inc. | |||||||||||||||||||||||||||||||||||
| Mastercard Inc. | |||||||||||||||||||||||||||||||||||
| Microsoft Corp. | |||||||||||||||||||||||||||||||||||
| Oracle Corp. | |||||||||||||||||||||||||||||||||||
| PayPal Holdings Inc. | |||||||||||||||||||||||||||||||||||
| salesforce.com inc. | |||||||||||||||||||||||||||||||||||
| ServiceNow Inc. | |||||||||||||||||||||||||||||||||||
| Visa Inc. | |||||||||||||||||||||||||||||||||||
Based on: 10-Q (filing date: 2021-09-29), 10-Q (filing date: 2021-06-30), 10-Q (filing date: 2021-03-31), 10-K (filing date: 2021-01-15), 10-Q (filing date: 2020-09-23), 10-Q (filing date: 2020-06-24), 10-Q (filing date: 2020-03-25), 10-K (filing date: 2020-01-21), 10-Q (filing date: 2019-09-26), 10-Q (filing date: 2019-06-26), 10-Q (filing date: 2019-03-27), 10-K (filing date: 2019-01-25), 10-Q (filing date: 2018-09-26), 10-Q (filing date: 2018-06-27), 10-Q (filing date: 2018-03-28), 10-K (filing date: 2018-01-22), 10-Q (filing date: 2017-09-27), 10-Q (filing date: 2017-06-28), 10-Q (filing date: 2017-03-29), 10-K (filing date: 2017-01-20), 10-Q (filing date: 2016-09-27), 10-Q (filing date: 2016-06-29), 10-Q (filing date: 2016-03-30), 10-K (filing date: 2016-01-19), 10-Q (filing date: 2015-09-23), 10-Q (filing date: 2015-06-24), 10-Q (filing date: 2015-03-25).
1 Q3 2021 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= ÷ =
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Adobe Inc.’s financial leverage ratio increased from Q1 2021 to Q2 2021 but then decreased significantly from Q2 2021 to Q3 2021. |
Interest Coverage
Adobe Inc., interest coverage calculation (quarterly data)
| Sep 3, 2021 | Jun 4, 2021 | Mar 5, 2021 | Nov 27, 2020 | Aug 28, 2020 | May 29, 2020 | Feb 28, 2020 | Nov 29, 2019 | Aug 30, 2019 | May 31, 2019 | Mar 1, 2019 | Nov 30, 2018 | Aug 31, 2018 | Jun 1, 2018 | Mar 2, 2018 | Dec 1, 2017 | Sep 1, 2017 | Jun 2, 2017 | Mar 3, 2017 | Dec 2, 2016 | Sep 2, 2016 | Jun 3, 2016 | Mar 4, 2016 | Nov 27, 2015 | Aug 28, 2015 | May 29, 2015 | Feb 27, 2015 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
| Net income | |||||||||||||||||||||||||||||||||||
| Add: Income tax expense | |||||||||||||||||||||||||||||||||||
| Add: Interest expense | |||||||||||||||||||||||||||||||||||
| Earnings before interest and tax (EBIT) | |||||||||||||||||||||||||||||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||||
| Interest coverage1 | |||||||||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | |||||||||||||||||||||||||||||||||||
| Accenture PLC | |||||||||||||||||||||||||||||||||||
| Automatic Data Processing Inc. | |||||||||||||||||||||||||||||||||||
| International Business Machines Corp. | |||||||||||||||||||||||||||||||||||
| Intuit Inc. | |||||||||||||||||||||||||||||||||||
| Mastercard Inc. | |||||||||||||||||||||||||||||||||||
| Oracle Corp. | |||||||||||||||||||||||||||||||||||
| ServiceNow Inc. | |||||||||||||||||||||||||||||||||||
| Visa Inc. | |||||||||||||||||||||||||||||||||||
Based on: 10-Q (filing date: 2021-09-29), 10-Q (filing date: 2021-06-30), 10-Q (filing date: 2021-03-31), 10-K (filing date: 2021-01-15), 10-Q (filing date: 2020-09-23), 10-Q (filing date: 2020-06-24), 10-Q (filing date: 2020-03-25), 10-K (filing date: 2020-01-21), 10-Q (filing date: 2019-09-26), 10-Q (filing date: 2019-06-26), 10-Q (filing date: 2019-03-27), 10-K (filing date: 2019-01-25), 10-Q (filing date: 2018-09-26), 10-Q (filing date: 2018-06-27), 10-Q (filing date: 2018-03-28), 10-K (filing date: 2018-01-22), 10-Q (filing date: 2017-09-27), 10-Q (filing date: 2017-06-28), 10-Q (filing date: 2017-03-29), 10-K (filing date: 2017-01-20), 10-Q (filing date: 2016-09-27), 10-Q (filing date: 2016-06-29), 10-Q (filing date: 2016-03-30), 10-K (filing date: 2016-01-19), 10-Q (filing date: 2015-09-23), 10-Q (filing date: 2015-06-24), 10-Q (filing date: 2015-03-25).
1 Q3 2021 Calculation
Interest coverage
= (EBITQ3 2021
+ EBITQ2 2021
+ EBITQ1 2021
+ EBITQ4 2020)
÷ (Interest expenseQ3 2021
+ Interest expenseQ2 2021
+ Interest expenseQ1 2021
+ Interest expenseQ4 2020)
= ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Adobe Inc.’s interest coverage ratio improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021. |