Analysis of Debt
Total Debt (Carrying Amount)
Adobe Inc., balance sheet: debt
US$ in millions
Based on: 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30).
| Debt item | Description | The company |
|---|---|---|
| Total debt, including current portion (carrying amount) | Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. | Adobe Inc. total debt increased from 2021 to 2022 but then decreased significantly from 2022 to 2023. |
Total Debt (Fair Value)
| Dec 1, 2023 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Term loan | —) |
| Senior notes | 3,390) |
| Total debt, including current portion (fair value) | 3,390) |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | 0.93 |
Based on: 10-K (reporting date: 2023-12-01).
Weighted-average Interest Rate on Debt
Weighted-average effective interest rate on debt: 2.77%
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| 2.07% | 500) | 10) | |
| 3.67% | 1,000) | 37) | |
| 2.26% | 850) | 19) | |
| 2.69% | 1,300) | 35) | |
| Total | 3,650) | 101) | |
| 2.77% | |||
Based on: 10-K (reporting date: 2023-12-01).
1 US$ in millions
2 Weighted-average interest rate = 100 × 101 ÷ 3,650 = 2.77%