Ratios (Summary)

Adobe Systems Inc., liquidity ratios (quarterly data)

 
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 Nov 29, 2013 Aug 30, 2013 May 31, 2013 Mar 1, 2013 Nov 30, 2012 Aug 31, 2012 Jun 1, 2012 Mar 2, 2012
Current ratio 2.12 2.05 2.05 1.99 1.95 2.08 2.16 2.20 2.21 2.18 2.20 2.16 2.22 1.85 1.91 1.86 1.87 2.65 2.92 3.60 3.46 3.41 3.43 3.03 3.14
Quick ratio 2.04 2.00 1.98 1.91 1.86 1.99 2.07 2.09 2.10 2.11 2.07 2.02 2.07 1.74 1.80 1.74 1.72 2.47 2.77 3.43 3.28 3.27 3.26 2.83 2.94
Cash ratio 1.74 1.65 1.67 1.62 1.57 1.69 1.77 1.81 1.84 1.80 1.78 1.76 1.78 1.50 1.57 1.50 1.48 2.08 2.38 3.06 2.90 2.78 2.78 2.41 2.48
Source: Based on data from Adobe Systems Inc. Quarterly and Annual Reports
Ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Adobe Systems Inc.'s current ratio improved from Q3 2017 to Q4 2017 and from Q4 2017 to Q1 2018.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Adobe Systems Inc.'s quick ratio improved from Q3 2017 to Q4 2017 and from Q4 2017 to Q1 2018.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Adobe Systems Inc.'s cash ratio deteriorated from Q3 2017 to Q4 2017 but then improved from Q4 2017 to Q1 2018 exceeding Q3 2017 level.

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Current Ratio

Adobe Systems Inc., current ratio calculation (quarterly data)

 
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 Nov 29, 2013 Aug 30, 2013 May 31, 2013 Mar 1, 2013 Nov 30, 2012 Aug 31, 2012 Jun 1, 2012 Mar 2, 2012
Selected Financial Data (USD $ in thousands)
Current assets 7,480,814  7,247,813  6,581,057  6,052,197  5,755,562  5,839,774  5,418,710  5,238,564  4,935,390  4,821,892  4,525,888  4,178,397  3,972,159  4,602,328  4,279,468  4,114,343  3,942,391  4,045,929  3,886,124  4,557,657  4,373,083  4,331,360  4,010,173  3,770,807  3,505,655 
Current liabilities 3,536,469  3,527,457  3,216,144  3,047,896  2,954,069  2,811,635  2,505,666  2,385,590  2,231,806  2,213,556  2,060,814  1,937,033  1,788,160  2,494,435  2,245,248  2,217,972  2,112,347  1,525,648  1,329,117  1,264,855  1,264,323  1,271,752  1,169,710  1,245,644  1,115,022 
Ratio
Current ratio1 2.12 2.05 2.05 1.99 1.95 2.08 2.16 2.20 2.21 2.18 2.20 2.16 2.22 1.85 1.91 1.86 1.87 2.65 2.92 3.60 3.46 3.41 3.43 3.03 3.14
Source: Based on data from Adobe Systems Inc. Quarterly and Annual Reports

Q1 2018 Calculations

1 Current ratio = Current assets ÷ Current liabilities
= 7,480,814 ÷ 3,536,469 = 2.12

Ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Adobe Systems Inc.'s current ratio improved from Q3 2017 to Q4 2017 and from Q4 2017 to Q1 2018.

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Quick Ratio

Adobe Systems Inc., quick ratio calculation (quarterly data)

 
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 Nov 29, 2013 Aug 30, 2013 May 31, 2013 Mar 1, 2013 Nov 30, 2012 Aug 31, 2012 Jun 1, 2012 Mar 2, 2012
Selected Financial Data (USD $ in thousands)
Cash and cash equivalents 2,666,981  2,306,072  1,774,550  1,316,950  1,068,896  1,011,315  767,672  886,379  830,696  876,560  829,292  956,147  712,884  1,117,400  903,329  817,020  733,916  834,556  819,085  1,246,410  1,306,382  1,425,052  1,162,380  951,238  801,263 
Short-term investments 3,480,989  3,513,702  3,593,936  3,614,563  3,578,721  3,749,985  3,678,726  3,432,029  3,267,192  3,111,524  2,839,441  2,457,101  2,463,936  2,622,091  2,616,868  2,513,191  2,398,176  2,339,196  2,344,852  2,619,298  2,354,307  2,113,301  2,084,983  2,046,879  1,964,855 
Trade receivables, net of allowances for doubtful accounts 1,062,690  1,217,968  1,006,187  901,452  850,840  833,033  731,166  666,736  599,207  672,006  593,554  502,617  532,427  591,800  528,331  531,557  510,507  599,820  522,409  470,052  485,801  617,233  566,671  529,391  512,211 
Total quick assets 7,210,660  7,037,742  6,374,673  5,832,965  5,498,457  5,594,333  5,177,564  4,985,144  4,697,095  4,660,090  4,262,287  3,915,865  3,709,247  4,331,291  4,048,528  3,861,768  3,642,599  3,773,572  3,686,346  4,335,760  4,146,490  4,155,586  3,814,034  3,527,508  3,278,329 
Current liabilities 3,536,469  3,527,457  3,216,144  3,047,896  2,954,069  2,811,635  2,505,666  2,385,590  2,231,806  2,213,556  2,060,814  1,937,033  1,788,160  2,494,435  2,245,248  2,217,972  2,112,347  1,525,648  1,329,117  1,264,855  1,264,323  1,271,752  1,169,710  1,245,644  1,115,022 
Ratio
Quick ratio1 2.04 2.00 1.98 1.91 1.86 1.99 2.07 2.09 2.10 2.11 2.07 2.02 2.07 1.74 1.80 1.74 1.72 2.47 2.77 3.43 3.28 3.27 3.26 2.83 2.94
Source: Based on data from Adobe Systems Inc. Quarterly and Annual Reports

Q1 2018 Calculations

1 Quick ratio = Total quick assets ÷ Current liabilities
= 7,210,660 ÷ 3,536,469 = 2.04

Ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Adobe Systems Inc.'s quick ratio improved from Q3 2017 to Q4 2017 and from Q4 2017 to Q1 2018.

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Cash Ratio

Adobe Systems Inc., cash ratio calculation (quarterly data)

 
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 Nov 29, 2013 Aug 30, 2013 May 31, 2013 Mar 1, 2013 Nov 30, 2012 Aug 31, 2012 Jun 1, 2012 Mar 2, 2012
Selected Financial Data (USD $ in thousands)
Cash and cash equivalents 2,666,981  2,306,072  1,774,550  1,316,950  1,068,896  1,011,315  767,672  886,379  830,696  876,560  829,292  956,147  712,884  1,117,400  903,329  817,020  733,916  834,556  819,085  1,246,410  1,306,382  1,425,052  1,162,380  951,238  801,263 
Short-term investments 3,480,989  3,513,702  3,593,936  3,614,563  3,578,721  3,749,985  3,678,726  3,432,029  3,267,192  3,111,524  2,839,441  2,457,101  2,463,936  2,622,091  2,616,868  2,513,191  2,398,176  2,339,196  2,344,852  2,619,298  2,354,307  2,113,301  2,084,983  2,046,879  1,964,855 
Total cash assets 6,147,970  5,819,774  5,368,486  4,931,513  4,647,617  4,761,300  4,446,398  4,318,408  4,097,888  3,988,084  3,668,733  3,413,248  3,176,820  3,739,491  3,520,197  3,330,211  3,132,092  3,173,752  3,163,937  3,865,708  3,660,689  3,538,353  3,247,363  2,998,117  2,766,118 
Current liabilities 3,536,469  3,527,457  3,216,144  3,047,896  2,954,069  2,811,635  2,505,666  2,385,590  2,231,806  2,213,556  2,060,814  1,937,033  1,788,160  2,494,435  2,245,248  2,217,972  2,112,347  1,525,648  1,329,117  1,264,855  1,264,323  1,271,752  1,169,710  1,245,644  1,115,022 
Ratio
Cash ratio1 1.74 1.65 1.67 1.62 1.57 1.69 1.77 1.81 1.84 1.80 1.78 1.76 1.78 1.50 1.57 1.50 1.48 2.08 2.38 3.06 2.90 2.78 2.78 2.41 2.48
Source: Based on data from Adobe Systems Inc. Quarterly and Annual Reports

Q1 2018 Calculations

1 Cash ratio = Total cash assets ÷ Current liabilities
= 6,147,970 ÷ 3,536,469 = 1.74

Ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Adobe Systems Inc.'s cash ratio deteriorated from Q3 2017 to Q4 2017 but then improved from Q4 2017 to Q1 2018 exceeding Q3 2017 level.

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