How much debt does Adobe have?
According to Adobe's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Adobe's total debt stands at $4.08B. This is broken down into:
- Long-term debt: $4.01B
- Short-term debt: $73.00M
The company's net debt, which accounts for cash and cash equivalents, is $-3.06B. In terms of overall financial obligations, Adobe's total liabilities amount to $13.26B.
Debt Ratios and Metrics
To better understand Adobe's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.25 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 13.70% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 58.85 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 19.52% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 19.81% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Adobe's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$4.08B
Long-term Debt
$4.01B
Short-term Debt
$73.00M
Net Debt
$-3.06B
Total Liabilities
$13.26B
Interest Coverage
58.85
Debt to Equity Ratio
0.25
Debt Ratio
13.70%
Adobe Historical Debt Metrics
Adobe Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2023.
Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
---|---|---|---|---|---|---|---|---|---|---|
2023 | $4.08B | $4.01B | $73.00M | $-3.06B | $13.26B | 0.25 | 13.70% | 58.85 | 19.52% | 19.81% |
2022 | $4.63B | $4.05B | $587.00M | $397.00M | $13.11B | 0.33 | 17.06% | 54.45 | 22.36% | 24.80% |
2021 | $4.67B | $4.58B | $97.00M | $829.00M | $12.44B | 0.32 | 17.15% | 51.35 | 23.62% | 24.00% |
2020 | $4.71B | $4.62B | $92.00M | $230.00M | $11.02B | 0.35 | 19.39% | 36.53 | 25.82% | 26.20% |
2019 | $4.14B | $988.92M | $3.15B | $1.49B | $10.23B | 0.39 | 19.93% | 20.79 | 8.59% | 28.21% |
2018 | $4.12B | $4.12B | $93.23M | $2.48B | $9.41B | 0.45 | 22.47% | 31.83 | 30.58% | 31.06% |
2017 | $1.88B | $1.88B | $63.75M | $-424.65M | $6.08B | 0.23 | 13.38% | 29.14 | 18.19% | 18.69% |
2016 | $1.90B | $1.90B | $81.47M | $890.75M | $5.28B | 0.27 | 15.61% | 21.20 | 20.39% | 21.08% |
2015 | $1.91B | $1.91B | $34.16M | $1.03B | $4.72B | 0.28 | 16.56% | 14.07 | 21.41% | 21.71% |
2014 | $1.51B | $911.09M | $603.23M | $396.92M | $4.03B | 0.22 | 14.04% | 6.91 | 11.88% | 18.30% |