Stock Analysis on Net
Stock Analysis on Net

Adobe Inc. (NASDAQ:ADBE)

Analysis of Solvency Ratios
Quarterly Data

Beginner level

Solvency Ratios (Summary)

Adobe Inc., solvency ratios (quarterly data)

Microsoft Excel LibreOffice Calc
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 Nov 28, 2014 Aug 29, 2014 May 30, 2014 Feb 28, 2014
Debt Ratios
Debt to equity 0.35 0.38 0.39 0.39 0.40 0.42 0.42 0.44 0.21 0.22 0.22 0.22 0.23 0.24 0.25 0.26 0.26 0.26 0.27 0.27 0.28 0.29 0.29 0.22 0.22 0.23 0.23
Debt to equity (including operating lease liability) 0.40 0.43 0.45 0.39 0.40 0.42 0.42 0.44 0.21 0.22 0.22 0.22 0.23 0.24 0.25 0.26 0.26 0.26 0.27 0.27 0.28 0.29 0.29 0.22 0.22 0.23 0.23
Debt to capital 0.26 0.27 0.28 0.28 0.29 0.29 0.29 0.31 0.17 0.18 0.18 0.18 0.19 0.19 0.20 0.20 0.21 0.21 0.21 0.21 0.22 0.22 0.22 0.18 0.18 0.18 0.19
Debt to capital (including operating lease liability) 0.29 0.30 0.31 0.28 0.29 0.29 0.29 0.31 0.17 0.18 0.18 0.18 0.19 0.19 0.20 0.20 0.21 0.21 0.21 0.21 0.22 0.22 0.22 0.18 0.18 0.18 0.19
Debt to assets 0.18 0.19 0.19 0.20 0.21 0.21 0.21 0.22 0.12 0.12 0.13 0.13 0.14 0.14 0.14 0.15 0.15 0.16 0.16 0.16 0.17 0.17 0.17 0.14 0.14 0.15 0.15
Debt to assets (including operating lease liability) 0.21 0.22 0.22 0.20 0.21 0.21 0.21 0.22 0.12 0.12 0.13 0.13 0.14 0.14 0.14 0.15 0.15 0.16 0.16 0.16 0.17 0.17 0.17 0.14 0.14 0.15 0.15
Financial leverage 1.91 1.99 2.03 1.97 1.96 1.98 1.98 2.00 1.74 1.74 1.73 1.72 1.70 1.71 1.72 1.71 1.70 1.69 1.68 1.67 1.68 1.69 1.67 1.59 1.56 1.56 1.55
Coverage Ratios
Interest coverage 32.36 28.08 23.87 21.38 20.83 22.62 26.41 32.31 35.01 33.97 32.24 29.73 27.80 25.78 23.87 21.37 19.37 17.77 15.72 14.61 12.42 10.08 8.97 7.05

Based on: 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), 10-K (filing date: 2015-01-20), 10-Q (filing date: 2014-09-25), 10-Q (filing date: 2014-06-25), 10-Q (filing date: 2014-03-28).

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 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
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 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
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 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
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 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
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 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
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 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Adobe Inc.’s financial leverage ratio decreased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

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 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Debt to Equity

Adobe Inc., debt to equity calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Nov 28, 2014 Aug 29, 2014 May 30, 2014 Feb 28, 2014
Selected Financial Data (US$ in millions)
Debt, current portion —  —  —  3,149  3,149  3,146  893  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  603  606  610  613 
Debt, excluding current portion 4,116  4,114  4,113  989  988  988  3,237  4,125  1,875  1,874  1,875  1,881  1,889  1,888  1,884  1,902  1,917  1,918  1,917  1,907  1,906  1,904  1,902  911  902  897  896 
Total debt 4,116  4,114  4,113  4,138  4,137  4,134  4,130  4,125  1,875  1,874  1,875  1,881  1,889  1,888  1,884  1,902  1,917  1,918  1,917  1,907  1,906  1,904  1,902  1,514  1,508  1,506  1,510 
 
Stockholders’ equity 11,713  10,881  10,465  10,530  10,243  9,932  9,871  9,362  8,862  8,706  8,634  8,460  8,170  7,804  7,589  7,425  7,278  7,249  7,081  7,002  6,841  6,610  6,589  6,776  6,731  6,637  6,611 
Solvency Ratio
Debt to equity1 0.35 0.38 0.39 0.39 0.40 0.42 0.42 0.44 0.21 0.22 0.22 0.22 0.23 0.24 0.25 0.26 0.26 0.26 0.27 0.27 0.28 0.29 0.29 0.22 0.22 0.23 0.23
Benchmarks
Debt to Equity, Competitors2
Alphabet Inc. 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.04 0.04 0.05 0.05 0.05
Autodesk Inc. 14.78 5.02 2.94 2.03 1.40 1.12 1.04 0.92 0.86 0.78 0.34 0.34 0.33 0.33 0.33
Facebook Inc. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
International Business Machines Corp. 3.15 3.22 3.02 3.69 4.14 3.03 2.73 2.37 2.46 2.55 2.66 2.32 2.48 2.33 2.31 2.50 2.83 3.05 2.80 2.98 2.83 3.20
Intuit Inc. 0.08 0.11 0.12 0.12 0.11 0.15 0.15 0.19 0.19 0.95 0.73 0.36 0.29 1.46 1.18 0.86 0.80 1.94 0.81 0.21 0.21 0.21 0.17
Microsoft Corp. 0.58 0.63 0.66 0.71 0.77 0.79 0.89 0.92 0.97 1.14 0.95 1.19 1.20 1.23 1.06 0.75 0.62 0.58 0.50 0.44 0.35 0.31 0.26
Oracle Corp. 3.63 3.32 2.95 2.58 2.37 1.90 1.53 1.33 1.27 1.09 0.95 1.08 1.07 1.12 1.14 0.93 0.87 0.91 0.89 0.86 0.67 0.68 0.69
salesforce.com inc. 0.08 0.17 0.19 0.20 0.25 0.27 0.29 0.18 0.21 0.22 0.23 0.27 0.27 0.29 0.23 0.26 0.27 0.28 0.30 0.34 0.41 0.48 0.51
ServiceNow Inc. 0.28 0.31 0.33 0.48 0.54 0.56 0.60 0.80 0.96 1.33 2.01 2.10 2.36 1.21 1.31 1.38 1.51 1.60 0.84 0.90 0.99 0.99

Based on: 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), 10-K (filing date: 2015-01-20), 10-Q (filing date: 2014-09-25), 10-Q (filing date: 2014-06-25), 10-Q (filing date: 2014-03-28).

1 Q3 2020 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 4,116 ÷ 11,713 = 0.35

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 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Debt to Equity (including Operating Lease Liability)

Adobe Inc., debt to equity (including operating lease liability) calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Nov 28, 2014 Aug 29, 2014 May 30, 2014 Feb 28, 2014
Selected Financial Data (US$ in millions)
Debt, current portion —  —  —  3,149  3,149  3,146  893  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  603  606  610  613 
Debt, excluding current portion 4,116  4,114  4,113  989  988  988  3,237  4,125  1,875  1,874  1,875  1,881  1,889  1,888  1,884  1,902  1,917  1,918  1,917  1,907  1,906  1,904  1,902  911  902  897  896 
Total debt 4,116  4,114  4,113  4,138  4,137  4,134  4,130  4,125  1,875  1,874  1,875  1,881  1,889  1,888  1,884  1,902  1,917  1,918  1,917  1,907  1,906  1,904  1,902  1,514  1,508  1,506  1,510 
Current operating lease liabilities 90  85  84  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term operating lease liabilities 520  498  514  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Total debt (including operating lease liability) 4,726  4,697  4,711  4,138  4,137  4,134  4,130  4,125  1,875  1,874  1,875  1,881  1,889  1,888  1,884  1,902  1,917  1,918  1,917  1,907  1,906  1,904  1,902  1,514  1,508  1,506  1,510 
 
Stockholders’ equity 11,713  10,881  10,465  10,530  10,243  9,932  9,871  9,362  8,862  8,706  8,634  8,460  8,170  7,804  7,589  7,425  7,278  7,249  7,081  7,002  6,841  6,610  6,589  6,776  6,731  6,637  6,611 
Solvency Ratio
Debt to equity (including operating lease liability)1 0.40 0.43 0.45 0.39 0.40 0.42 0.42 0.44 0.21 0.22 0.22 0.22 0.23 0.24 0.25 0.26 0.26 0.26 0.27 0.27 0.28 0.29 0.29 0.22 0.22 0.23 0.23
Benchmarks
Debt to Equity (including Operating Lease Liability), Competitors2
Alphabet Inc. 0.07 0.08 0.07 0.07 0.07 0.07 0.02 0.02 0.02 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.04 0.04 0.05 0.05 0.05
Autodesk Inc. 14.78 5.02 2.94 2.03 1.40 1.12 1.04 0.92 0.86 0.78 0.34 0.34 0.33 0.33 0.33
Facebook Inc. 0.10 0.10 0.10 0.10 0.09 0.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
International Business Machines Corp. 3.39 3.47 3.27 3.98 4.44 3.33 2.73 2.37 2.46 2.55 2.66 2.32 2.48 2.33 2.31 2.50 2.83 3.05 2.80 2.98 2.83 3.20
Intuit Inc. 0.13 0.19 0.20 0.12 0.11 0.15 0.15 0.19 0.19 0.95 0.73 0.36 0.29 1.46 1.18 0.86 0.80 1.94 0.81 0.21 0.21 0.21 0.17
Microsoft Corp. 0.65 0.70 0.72 0.77 0.83 0.86 0.95 0.99 1.05 1.21 1.02 1.19 1.20 1.23 1.06 0.75 0.62 0.58 0.50 0.44 0.35 0.31 0.26
salesforce.com inc. 0.18 0.35 0.38 0.20 0.25 0.27 0.29 0.18 0.21 0.22 0.23 0.27 0.27 0.29 0.23 0.26 0.27 0.28 0.30 0.34 0.41 0.48 0.51
ServiceNow Inc. 0.48 0.53 0.53 0.79 0.88 0.91 0.60 0.80 0.96 1.33 2.01 2.10 2.36 1.21 1.31 1.38 1.51 1.60 0.84 0.90 0.99 0.99

Based on: 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), 10-K (filing date: 2015-01-20), 10-Q (filing date: 2014-09-25), 10-Q (filing date: 2014-06-25), 10-Q (filing date: 2014-03-28).

1 Q3 2020 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 4,726 ÷ 11,713 = 0.40

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 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Debt to Capital

Adobe Inc., debt to capital calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Nov 28, 2014 Aug 29, 2014 May 30, 2014 Feb 28, 2014
Selected Financial Data (US$ in millions)
Debt, current portion —  —  —  3,149  3,149  3,146  893  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  603  606  610  613 
Debt, excluding current portion 4,116  4,114  4,113  989  988  988  3,237  4,125  1,875  1,874  1,875  1,881  1,889  1,888  1,884  1,902  1,917  1,918  1,917  1,907  1,906  1,904  1,902  911  902  897  896 
Total debt 4,116  4,114  4,113  4,138  4,137  4,134  4,130  4,125  1,875  1,874  1,875  1,881  1,889  1,888  1,884  1,902  1,917  1,918  1,917  1,907  1,906  1,904  1,902  1,514  1,508  1,506  1,510 
Stockholders’ equity 11,713  10,881  10,465  10,530  10,243  9,932  9,871  9,362  8,862  8,706  8,634  8,460  8,170  7,804  7,589  7,425  7,278  7,249  7,081  7,002  6,841  6,610  6,589  6,776  6,731  6,637  6,611 
Total capital 15,829  14,995  14,578  14,668  14,380  14,065  14,001  13,487  10,737  10,580  10,509  10,341  10,060  9,692  9,473  9,327  9,195  9,167  8,998  8,909  8,747  8,514  8,491  8,290  8,240  8,143  8,121 
Solvency Ratio
Debt to capital1 0.26 0.27 0.28 0.28 0.29 0.29 0.29 0.31 0.17 0.18 0.18 0.18 0.19 0.19 0.20 0.20 0.21 0.21 0.21 0.21 0.22 0.22 0.22 0.18 0.18 0.18 0.19
Benchmarks
Debt to Capital, Competitors2
Alphabet Inc. 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.03 0.02 0.03 0.03 0.03 0.03 0.03 0.04 0.04 0.04 0.04 0.05
Autodesk Inc. 1.11 1.12 1.14 1.11 1.27 1.18 1.09 1.19 0.94 0.83 0.75 0.67 0.58 0.53 0.51 0.48 0.46 0.44 0.25 0.25 0.25 0.25 0.25
Facebook Inc. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
International Business Machines Corp. 0.76 0.76 0.75 0.79 0.81 0.75 0.73 0.70 0.71 0.72 0.73 0.70 0.71 0.70 0.70 0.71 0.74 0.75 0.74 0.75 0.74 0.76
Intuit Inc. 0.08 0.10 0.10 0.10 0.10 0.13 0.13 0.16 0.16 0.49 0.42 0.26 0.23 0.59 0.54 0.46 0.44 0.66 0.45 0.18 0.18 0.17 0.15
Microsoft Corp. 0.37 0.39 0.40 0.41 0.44 0.44 0.47 0.48 0.49 0.53 0.49 0.54 0.55 0.55 0.51 0.43 0.38 0.37 0.33 0.31 0.26 0.24 0.21
Oracle Corp. 0.78 0.77 0.75 0.72 0.70 0.65 0.60 0.57 0.56 0.52 0.49 0.52 0.52 0.53 0.53 0.48 0.47 0.48 0.47 0.46 0.40 0.41 0.41
salesforce.com inc. 0.08 0.15 0.16 0.17 0.20 0.21 0.22 0.15 0.17 0.18 0.19 0.21 0.21 0.23 0.19 0.21 0.21 0.22 0.23 0.26 0.29 0.33 0.34
ServiceNow Inc. 0.22 0.24 0.25 0.32 0.35 0.36 0.37 0.44 0.49 0.57 0.67 0.68 0.70 0.55 0.57 0.58 0.60 0.61 0.46 0.47 0.50 0.50

Based on: 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), 10-K (filing date: 2015-01-20), 10-Q (filing date: 2014-09-25), 10-Q (filing date: 2014-06-25), 10-Q (filing date: 2014-03-28).

1 Q3 2020 Calculation
Debt to capital = Total debt ÷ Total capital
= 4,116 ÷ 15,829 = 0.26

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 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Debt to Capital (including Operating Lease Liability)

Adobe Inc., debt to capital (including operating lease liability) calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Nov 28, 2014 Aug 29, 2014 May 30, 2014 Feb 28, 2014
Selected Financial Data (US$ in millions)
Debt, current portion —  —  —  3,149  3,149  3,146  893  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  603  606  610  613 
Debt, excluding current portion 4,116  4,114  4,113  989  988  988  3,237  4,125  1,875  1,874  1,875  1,881  1,889  1,888  1,884  1,902  1,917  1,918  1,917  1,907  1,906  1,904  1,902  911  902  897  896 
Total debt 4,116  4,114  4,113  4,138  4,137  4,134  4,130  4,125  1,875  1,874  1,875  1,881  1,889  1,888  1,884  1,902  1,917  1,918  1,917  1,907  1,906  1,904  1,902  1,514  1,508  1,506  1,510 
Current operating lease liabilities 90  85  84  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term operating lease liabilities 520  498  514  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Total debt (including operating lease liability) 4,726  4,697  4,711  4,138  4,137  4,134  4,130  4,125  1,875  1,874  1,875  1,881  1,889  1,888  1,884  1,902  1,917  1,918  1,917  1,907  1,906  1,904  1,902  1,514  1,508  1,506  1,510 
Stockholders’ equity 11,713  10,881  10,465  10,530  10,243  9,932  9,871  9,362  8,862  8,706  8,634  8,460  8,170  7,804  7,589  7,425  7,278  7,249  7,081  7,002  6,841  6,610  6,589  6,776  6,731  6,637  6,611 
Total capital (including operating lease liability) 16,439  15,578  15,176  14,668  14,380  14,065  14,001  13,487  10,737  10,580  10,509  10,341  10,060  9,692  9,473  9,327  9,195  9,167  8,998  8,909  8,747  8,514  8,491  8,290  8,240  8,143  8,121 
Solvency Ratio
Debt to capital (including operating lease liability)1 0.29 0.30 0.31 0.28 0.29 0.29 0.29 0.31 0.17 0.18 0.18 0.18 0.19 0.19 0.20 0.20 0.21 0.21 0.21 0.21 0.22 0.22 0.22 0.18 0.18 0.18 0.19
Benchmarks
Debt to Capital (including Operating Lease Liability), Competitors2
Alphabet Inc. 0.07 0.07 0.07 0.07 0.06 0.06 0.02 0.02 0.02 0.03 0.03 0.02 0.03 0.03 0.03 0.03 0.03 0.04 0.04 0.04 0.04 0.05
Autodesk Inc. 1.09 1.10 1.12 1.11 1.27 1.18 1.09 1.19 0.94 0.83 0.75 0.67 0.58 0.53 0.51 0.48 0.46 0.44 0.25 0.25 0.25 0.25 0.25
Facebook Inc. 0.09 0.09 0.09 0.09 0.08 0.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
International Business Machines Corp. 0.77 0.78 0.77 0.80 0.82 0.77 0.73 0.70 0.71 0.72 0.73 0.70 0.71 0.70 0.70 0.71 0.74 0.75 0.74 0.75 0.74 0.76
Intuit Inc. 0.11 0.16 0.17 0.10 0.10 0.13 0.13 0.16 0.16 0.49 0.42 0.26 0.23 0.59 0.54 0.46 0.44 0.66 0.45 0.18 0.18 0.17 0.15
Microsoft Corp. 0.39 0.41 0.42 0.43 0.45 0.46 0.49 0.50 0.51 0.55 0.50 0.54 0.55 0.55 0.51 0.43 0.38 0.37 0.33 0.31 0.26 0.24 0.21
salesforce.com inc. 0.15 0.26 0.27 0.17 0.20 0.21 0.22 0.15 0.17 0.18 0.19 0.21 0.21 0.23 0.19 0.21 0.21 0.22 0.23 0.26 0.29 0.33 0.34
ServiceNow Inc. 0.33 0.35 0.35 0.44 0.47 0.48 0.37 0.44 0.49 0.57 0.67 0.68 0.70 0.55 0.57 0.58 0.60 0.61 0.46 0.47 0.50 0.50

Based on: 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), 10-K (filing date: 2015-01-20), 10-Q (filing date: 2014-09-25), 10-Q (filing date: 2014-06-25), 10-Q (filing date: 2014-03-28).

1 Q3 2020 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 4,726 ÷ 16,439 = 0.29

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 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Debt to Assets

Adobe Inc., debt to assets calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Nov 28, 2014 Aug 29, 2014 May 30, 2014 Feb 28, 2014
Selected Financial Data (US$ in millions)
Debt, current portion —  —  —  3,149  3,149  3,146  893  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  603  606  610  613 
Debt, excluding current portion 4,116  4,114  4,113  989  988  988  3,237  4,125  1,875  1,874  1,875  1,881  1,889  1,888  1,884  1,902  1,917  1,918  1,917  1,907  1,906  1,904  1,902  911  902  897  896 
Total debt 4,116  4,114  4,113  4,138  4,137  4,134  4,130  4,125  1,875  1,874  1,875  1,881  1,889  1,888  1,884  1,902  1,917  1,918  1,917  1,907  1,906  1,904  1,902  1,514  1,508  1,506  1,510 
 
Total assets 22,414  21,603  21,214  20,762  20,055  19,666  19,506  18,769  15,396  15,163  14,973  14,536  13,907  13,365  13,045  12,707  12,367  12,217  11,897  11,726  11,508  11,165  11,008  10,786  10,494  10,372  10,246 
Solvency Ratio
Debt to assets1 0.18 0.19 0.19 0.20 0.21 0.21 0.21 0.22 0.12 0.12 0.13 0.13 0.14 0.14 0.14 0.15 0.15 0.16 0.16 0.16 0.17 0.17 0.17 0.14 0.14 0.15 0.15
Benchmarks
Debt to Assets, Competitors2
Alphabet Inc. 0.01 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.03 0.04 0.04 0.04 0.04
Autodesk Inc. 0.35 0.38 0.41 0.44 0.42 0.41 0.41 0.39 0.38 0.36 0.34 0.31 0.31 0.30 0.29 0.27 0.28 0.28 0.16 0.15 0.16 0.16 0.16
Facebook Inc. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
International Business Machines Corp. 0.42 0.42 0.41 0.44 0.47 0.38 0.37 0.38 0.37 0.37 0.37 0.38 0.38 0.36 0.36 0.37 0.38 0.38 0.36 0.37 0.34 0.35
Intuit Inc. 0.05 0.06 0.07 0.07 0.06 0.08 0.09 0.08 0.08 0.23 0.22 0.12 0.10 0.26 0.28 0.24 0.20 0.29 0.22 0.10 0.09 0.10 0.10
Microsoft Corp. 0.23 0.25 0.25 0.25 0.28 0.28 0.30 0.29 0.31 0.35 0.34 0.36 0.37 0.38 0.35 0.28 0.26 0.25 0.22 0.20 0.18 0.16 0.14
Oracle Corp. 0.53 0.52 0.51 0.52 0.51 0.49 0.45 0.44 0.44 0.44 0.40 0.43 0.43 0.44 0.44 0.39 0.38 0.39 0.38 0.38 0.33 0.33 0.33
salesforce.com inc. 0.06 0.09 0.10 0.10 0.14 0.14 0.14 0.08 0.10 0.10 0.11 0.11 0.13 0.12 0.10 0.10 0.12 0.12 0.12 0.13 0.16 0.18 0.19
ServiceNow Inc. 0.11 0.11 0.12 0.14 0.15 0.15 0.17 0.23 0.25 0.31 0.35 0.38 0.39 0.24 0.25 0.28 0.29 0.26 0.26 0.28 0.29 0.30

Based on: 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), 10-K (filing date: 2015-01-20), 10-Q (filing date: 2014-09-25), 10-Q (filing date: 2014-06-25), 10-Q (filing date: 2014-03-28).

1 Q3 2020 Calculation
Debt to assets = Total debt ÷ Total assets
= 4,116 ÷ 22,414 = 0.18

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 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Debt to Assets (including Operating Lease Liability)

Adobe Inc., debt to assets (including operating lease liability) calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Nov 28, 2014 Aug 29, 2014 May 30, 2014 Feb 28, 2014
Selected Financial Data (US$ in millions)
Debt, current portion —  —  —  3,149  3,149  3,146  893  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  603  606  610  613 
Debt, excluding current portion 4,116  4,114  4,113  989  988  988  3,237  4,125  1,875  1,874  1,875  1,881  1,889  1,888  1,884  1,902  1,917  1,918  1,917  1,907  1,906  1,904  1,902  911  902  897  896 
Total debt 4,116  4,114  4,113  4,138  4,137  4,134  4,130  4,125  1,875  1,874  1,875  1,881  1,889  1,888  1,884  1,902  1,917  1,918  1,917  1,907  1,906  1,904  1,902  1,514  1,508  1,506  1,510 
Current operating lease liabilities 90  85  84  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term operating lease liabilities 520  498  514  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Total debt (including operating lease liability) 4,726  4,697  4,711  4,138  4,137  4,134  4,130  4,125  1,875  1,874  1,875  1,881  1,889  1,888  1,884  1,902  1,917  1,918  1,917  1,907  1,906  1,904  1,902  1,514  1,508  1,506  1,510 
 
Total assets 22,414  21,603  21,214  20,762  20,055  19,666  19,506  18,769  15,396  15,163  14,973  14,536  13,907  13,365  13,045  12,707  12,367  12,217  11,897  11,726  11,508  11,165  11,008  10,786  10,494  10,372  10,246 
Solvency Ratio
Debt to assets (including operating lease liability)1 0.21 0.22 0.22 0.20 0.21 0.21 0.21 0.22 0.12 0.12 0.13 0.13 0.14 0.14 0.14 0.15 0.15 0.16 0.16 0.16 0.17 0.17 0.17 0.14 0.14 0.15 0.15
Benchmarks
Debt to Assets (including Operating Lease Liability), Competitors2
Alphabet Inc. 0.05 0.06 0.05 0.05 0.05 0.05 0.02 0.02 0.02 0.03 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.03 0.04 0.04 0.04 0.04
Autodesk Inc. 0.41 0.44 0.48 0.44 0.42 0.41 0.41 0.39 0.38 0.36 0.34 0.31 0.31 0.30 0.29 0.27 0.28 0.28 0.16 0.15 0.16 0.16 0.16
Facebook Inc. 0.08 0.07 0.08 0.07 0.07 0.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
International Business Machines Corp. 0.45 0.45 0.45 0.48 0.51 0.42 0.37 0.38 0.37 0.37 0.37 0.38 0.38 0.36 0.36 0.37 0.38 0.38 0.36 0.37 0.34 0.35
Intuit Inc. 0.08 0.10 0.12 0.07 0.06 0.08 0.09 0.08 0.08 0.23 0.22 0.12 0.10 0.26 0.28 0.24 0.20 0.29 0.22 0.10 0.09 0.10 0.10
Microsoft Corp. 0.26 0.27 0.27 0.27 0.30 0.30 0.32 0.32 0.34 0.37 0.37 0.36 0.37 0.38 0.35 0.28 0.26 0.25 0.22 0.20 0.18 0.16 0.14
salesforce.com inc. 0.12 0.18 0.19 0.10 0.14 0.14 0.14 0.08 0.10 0.10 0.11 0.11 0.13 0.12 0.10 0.10 0.12 0.12 0.12 0.13 0.16 0.18 0.19
ServiceNow Inc. 0.18 0.19 0.19 0.24 0.24 0.25 0.17 0.23 0.25 0.31 0.35 0.38 0.39 0.24 0.25 0.28 0.29 0.26 0.26 0.28 0.29 0.30

Based on: 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), 10-K (filing date: 2015-01-20), 10-Q (filing date: 2014-09-25), 10-Q (filing date: 2014-06-25), 10-Q (filing date: 2014-03-28).

1 Q3 2020 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 4,726 ÷ 22,414 = 0.21

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 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Financial Leverage

Adobe Inc., financial leverage calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Nov 28, 2014 Aug 29, 2014 May 30, 2014 Feb 28, 2014
Selected Financial Data (US$ in millions)
Total assets 22,414  21,603  21,214  20,762  20,055  19,666  19,506  18,769  15,396  15,163  14,973  14,536  13,907  13,365  13,045  12,707  12,367  12,217  11,897  11,726  11,508  11,165  11,008  10,786  10,494  10,372  10,246 
Stockholders’ equity 11,713  10,881  10,465  10,530  10,243  9,932  9,871  9,362  8,862  8,706  8,634  8,460  8,170  7,804  7,589  7,425  7,278  7,249  7,081  7,002  6,841  6,610  6,589  6,776  6,731  6,637  6,611 
Solvency Ratio
Financial leverage1 1.91 1.99 2.03 1.97 1.96 1.98 1.98 2.00 1.74 1.74 1.73 1.72 1.70 1.71 1.72 1.71 1.70 1.69 1.68 1.67 1.68 1.69 1.67 1.59 1.56 1.56 1.55
Benchmarks
Financial Leverage, Competitors2
Alphabet Inc. 1.34 1.34 1.37 1.35 1.34 1.34 1.31 1.30 1.31 1.29 1.29 1.21 1.20 1.19 1.20 1.19 1.21 1.21 1.23 1.24 1.24 1.23
Autodesk Inc. 38.70 13.80 8.72 6.54 4.55 3.79 3.63 3.41 3.01 2.81 2.15 2.21 2.09 2.06 2.03
Facebook Inc. 1.26 1.31 1.32 1.32 1.32 1.27 1.16 1.15 1.14 1.15 1.14 1.11 1.11 1.10 1.10 1.10 1.11 1.10 1.12 1.12 1.12 1.12
International Business Machines Corp. 7.50 7.67 7.30 8.33 8.76 7.94 7.35 6.17 6.57 6.90 7.12 6.20 6.54 6.41 6.44 6.80 7.50 7.96 7.75 8.17 8.24 9.23
Intuit Inc. 1.64 1.80 1.70 1.68 1.70 1.91 1.77 2.20 2.45 4.23 3.38 3.00 2.93 5.57 4.20 3.66 3.96 6.78 3.65 2.13 2.28 2.23 1.72
Microsoft Corp. 2.49 2.57 2.63 2.80 2.78 2.81 3.00 3.13 3.10 3.27 2.78 3.33 3.23 3.26 3.02 2.69 2.43 2.35 2.23 2.20 1.96 1.90 1.88
Oracle Corp. 6.79 6.33 5.76 4.99 4.61 3.87 3.37 3.00 2.89 2.48 2.39 2.51 2.48 2.55 2.60 2.37 2.29 2.32 2.33 2.28 2.05 2.07 2.11
salesforce.com inc. 1.50 1.94 2.02 1.97 1.81 1.91 2.08 2.24 1.98 2.06 2.15 2.34 2.11 2.35 2.30 2.55 2.30 2.38 2.45 2.69 2.48 2.73 2.76
ServiceNow Inc. 2.63 2.73 2.83 3.33 3.65 3.68 3.49 3.51 3.89 4.28 5.82 5.57 6.06 5.08 5.26 5.00 5.29 6.20 3.19 3.22 3.38 3.28

Based on: 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), 10-K (filing date: 2015-01-20), 10-Q (filing date: 2014-09-25), 10-Q (filing date: 2014-06-25), 10-Q (filing date: 2014-03-28).

1 Q3 2020 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 22,414 ÷ 11,713 = 1.91

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 decreased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Interest Coverage

Adobe Inc., interest coverage calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Nov 28, 2014 Aug 29, 2014 May 30, 2014 Feb 28, 2014
Selected Financial Data (US$ in millions)
Net income 955  1,100  955  852  793  633  674  678  666  663  583  502  420  374  398  400  271  244  254  223  174  147  85  88  45  89  47 
Add: Income tax expense 105  (100) (36) 105  42  78  28  21  35  28  119  141  122  118  62  57  86  86  38  74  58  33  78  24  18  33  18 
Add: Interest expense 28  28  33  37  40  41  41  28  21  20  20  19  19  18  18  18  17  17  18  17  17  17  15  13  13  17  17 
Earnings before interest and tax (EBIT) 1,088  1,028  952  994  874  751  743  727  722  711  722  662  560  511  479  474  374  347  311  313  249  198  178  125  76  138  81 
Solvency Ratio
Interest coverage1 32.36 28.08 23.87 21.38 20.83 22.62 26.41 32.31 35.01 33.97 32.24 29.73 27.80 25.78 23.87 21.37 19.37 17.77 15.72 14.61 12.42 10.08 8.97 7.05
Benchmarks
Interest Coverage, Competitors2
International Business Machines Corp. 5.90 6.64 8.56 9.95 13.80 16.74 16.69 17.42 18.08 18.23 19.54 20.60 21.26 21.58 20.57 21.74 23.90 28.57 35.07
Intuit Inc. 158.50 164.67 148.46 126.40 122.50 104.76 82.47 76.15 83.47 64.14 52.11 45.10 36.54 30.56 32.65 35.37 36.22 32.38 30.19 27.37
Oracle Corp. 7.31 7.14 6.96 6.89 6.96 6.99 7.16 7.37 7.39 7.35 7.34 7.41 7.84 8.25 8.62 8.80 8.97 9.79 10.89 12.23
ServiceNow Inc. 7.06 4.77 3.02 2.04 0.49 0.02 0.26 -0.09 -0.45 -0.83 -1.79 -2.44 -3.48 -3.78 -12.52 -12.90 -13.34 -13.78 -5.21

Based on: 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), 10-K (filing date: 2015-01-20), 10-Q (filing date: 2014-09-25), 10-Q (filing date: 2014-06-25), 10-Q (filing date: 2014-03-28).

1 Q3 2020 Calculation
Interest coverage = (EBITQ3 2020 + EBITQ2 2020 + EBITQ1 2020 + EBITQ4 2019) ÷ (Interest expenseQ3 2020 + Interest expenseQ2 2020 + Interest expenseQ1 2020 + Interest expenseQ4 2019)
= (1,088 + 1,028 + 952 + 994) ÷ (28 + 28 + 33 + 37) = 32.36

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 2020 to Q2 2020 and from Q2 2020 to Q3 2020.