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: 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)
| 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)
| 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)
| 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)
| 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)
| 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)
| 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)
| 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)
| 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. |