Current Ratio
since 2005
Calculation
Adobe Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Nov 28, 2025 | 1.00 | = | 10,163) | ÷ | 10,200) |
| Nov 29, 2024 | 1.07 | = | 11,232) | ÷ | 10,521) |
| Dec 1, 2023 | 1.34 | = | 11,084) | ÷ | 8,251) |
| Dec 2, 2022 | 1.11 | = | 8,996) | ÷ | 8,128) |
| Dec 3, 2021 | 1.25 | = | 8,669) | ÷ | 6,932) |
| Nov 27, 2020 | 1.48 | = | 8,146) | ÷ | 5,512) |
| Nov 29, 2019 | 0.79 | = | 6,495) | ÷ | 8,191) |
| Nov 30, 2018 | 1.13 | = | 4,857) | ÷ | 4,301) |
| Dec 1, 2017 | 2.05 | = | 7,248) | ÷ | 3,527) |
| Dec 2, 2016 | 2.08 | = | 5,840) | ÷ | 2,812) |
| Nov 27, 2015 | 2.18 | = | 4,822) | ÷ | 2,214) |
| Nov 28, 2014 | 1.85 | = | 4,602) | ÷ | 2,494) |
| Nov 29, 2013 | 2.65 | = | 4,046) | ÷ | 1,526) |
| Nov 30, 2012 | 3.41 | = | 4,331) | ÷ | 1,272) |
| Dec 2, 2011 | 3.02 | = | 3,771) | ÷ | 1,251) |
| Dec 3, 2010 | 3.01 | = | 3,216) | ÷ | 1,068) |
| Nov 27, 2009 | 2.93 | = | 2,474) | ÷ | 845) |
| Nov 28, 2008 | 3.59 | = | 2,735) | ÷ | 763) |
| Nov 30, 2007 | 3.02 | = | 2,573) | ÷ | 852) |
| Dec 1, 2006 | 4.26 | = | 2,884) | ÷ | 677) |
| Dec 2, 2005 | 4.18 | = | 2,009) | ÷ | 480) |
Based on: 10-K (reporting date: 2025-11-28), 10-K (reporting date: 2024-11-29), 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), 10-K (reporting date: 2017-12-01), 10-K (reporting date: 2016-12-02), 10-K (reporting date: 2015-11-27), 10-K (reporting date: 2014-11-28), 10-K (reporting date: 2013-11-29), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-12-02), 10-K (reporting date: 2010-12-03), 10-K (reporting date: 2009-11-27), 10-K (reporting date: 2008-11-28), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-12-01), 10-K (reporting date: 2005-12-02).
1 US$ in millions
The current ratio exhibited considerable fluctuation over the period examined. Initially, the ratio demonstrated a strong position, but experienced a decline, followed by periods of stabilization and renewed volatility.
- Initial Strength and Early Decline (2005-2007)
- From 2005 to 2006, the current ratio remained above 4.0, indicating a robust ability to cover short-term liabilities with short-term assets. However, a notable decrease occurred between 2006 and 2007, falling to 3.02. This suggests a relative increase in current liabilities or a decrease in current assets, or a combination of both.
- Period of Relative Stability (2007-2010)
- Following the initial decline, the current ratio fluctuated within a relatively narrow range between 2.93 and 3.41 from 2007 through 2012. This suggests a period of more consistent liquidity management, although the ratio remained below the levels observed in 2005 and 2006.
- Significant Weakening (2013-2015)
- A marked downward trend became apparent from 2013 onwards. The current ratio decreased from 2.65 in 2012 to 1.85 in 2014, and further to 2.18 in 2015. This indicates a growing strain on short-term liquidity, potentially due to increased short-term obligations or a reduction in liquid assets.
- Continued Volatility and Recent Trends (2016-2025)
- The period from 2016 to 2025 was characterized by significant volatility. The ratio dipped to a low of 0.79 in 2019, representing a substantial liquidity concern. A subsequent increase to 1.48 in 2020 and 1.25 in 2021 offered some improvement, but the ratio then declined again, reaching 1.00 in 2025. The most recent value of 1.07 in 2024 and 1.00 in 2025 suggests a precarious liquidity position, barely meeting the benchmark of 1.0, which is generally considered the minimum acceptable level.
Overall, the trend indicates a long-term deterioration in the company’s short-term liquidity position. While fluctuations occurred, the ratio consistently trended downward from its initial strong levels, culminating in a concerningly low ratio in recent years. This warrants further investigation into the composition of current assets and liabilities to understand the underlying drivers of this trend.
Comparison to Competitors
Adobe Inc., current ratio, long-term trends, comparison to competitors
| Adobe Inc. | Accenture PLC | AppLovin Corp. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Datadog Inc. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 28, 2025 | 1.00 | 1.42 | — | — | 1.77 | — | — | 1.36 | 1.35 | 0.75 | — | 0.94 | 1.06 | 1.00 | 1.62 | 1.90 |
| Nov 29, 2024 | 1.07 | 1.10 | 2.19 | 2.93 | 1.76 | 2.64 | 1.04 | 1.29 | 1.27 | 0.72 | 5.96 | 0.89 | 1.09 | 1.10 | 2.44 | 1.97 |
| Dec 1, 2023 | 1.34 | 1.30 | 1.71 | 1.24 | 1.73 | 3.17 | 0.96 | 1.47 | 1.77 | 0.91 | 5.55 | 0.78 | 1.02 | 1.06 | 1.15 | 1.75 |
| Dec 2, 2022 | 1.11 | 1.23 | 3.35 | 1.27 | 1.83 | 3.09 | 0.92 | 1.39 | 1.78 | 1.62 | 5.17 | 0.77 | 1.05 | 1.11 | 1.09 | 1.03 |
| Dec 3, 2021 | 1.25 | 1.25 | 5.05 | 1.77 | 2.65 | 3.54 | 0.88 | 1.94 | 2.08 | 2.30 | 4.34 | 0.91 | 1.23 | 1.05 | 1.16 | 1.12 |
| Nov 27, 2020 | 1.48 | 1.40 | — | 1.86 | 2.38 | 5.77 | 0.98 | 2.26 | 2.52 | 3.03 | 3.74 | 1.91 | 1.08 | 1.21 | 1.19 | 1.04 |
| Nov 29, 2019 | 0.79 | 1.40 | — | 1.74 | — | 4.51 | 1.02 | 1.83 | 2.53 | 2.49 | — | 1.78 | 0.95 | 1.03 | 0.99 | 1.11 |
| Nov 30, 2018 | 1.13 | 1.34 | — | 1.34 | — | — | 1.29 | 1.14 | 2.90 | 3.96 | — | 1.93 | 0.92 | 1.17 | 0.73 | 1.92 |
| Dec 1, 2017 | 2.05 | 1.23 | — | 1.53 | — | — | 1.33 | 0.73 | 2.48 | 3.08 | — | 1.65 | 0.83 | 1.15 | 1.04 | 1.93 |
| Dec 2, 2016 | 2.08 | 1.35 | — | 1.20 | — | — | 1.21 | 0.72 | 2.35 | 3.74 | — | 2.03 | 0.77 | 1.25 | 1.00 | 2.56 |
| Nov 27, 2015 | 2.18 | 1.36 | — | 1.80 | — | — | 1.24 | 1.47 | 2.50 | 4.13 | — | 1.04 | 0.81 | 1.48 | 0.99 | 3.29 |
| Nov 28, 2014 | 1.85 | 1.46 | — | 1.33 | — | — | 1.25 | 1.84 | 2.50 | 3.35 | — | 2.75 | 0.67 | 1.79 | 1.09 | 4.80 |
| Nov 29, 2013 | 2.65 | 1.45 | — | 1.06 | — | — | 1.28 | 1.87 | 2.71 | 3.24 | — | 2.57 | 0.69 | 2.43 | 1.18 | 3.47 |
| Nov 30, 2012 | 3.41 | 1.55 | — | 1.14 | — | — | 1.13 | 1.20 | 2.60 | 2.60 | — | 3.13 | 0.72 | 1.99 | 0.91 | — |
| Dec 2, 2011 | 3.02 | 1.45 | — | 1.05 | — | — | 1.21 | 1.25 | 2.60 | 2.76 | — | — | 0.84 | — | 1.33 | — |
| Dec 3, 2010 | 3.01 | 1.46 | — | 1.26 | — | — | 1.19 | 1.88 | 2.13 | 1.84 | — | — | 1.88 | — | 1.35 | — |
| Nov 27, 2009 | 2.93 | 1.46 | — | 2.14 | — | — | 1.36 | 1.82 | 1.82 | 2.03 | — | — | 1.39 | — | 1.80 | — |
| Nov 28, 2008 | 3.59 | 1.34 | — | 1.69 | — | — | 1.15 | 1.21 | 1.45 | 1.81 | — | — | 1.22 | — | 1.45 | — |
| Nov 30, 2007 | 3.02 | 1.14 | — | 1.95 | — | — | 1.20 | 1.68 | 1.69 | 1.37 | — | — | 1.11 | — | 1.29 | — |
| Dec 1, 2006 | 4.26 | 1.26 | — | 2.39 | — | — | 1.11 | 1.79 | 2.18 | 1.73 | — | — | 1.29 | — | 1.03 | — |
| Dec 2, 2005 | 4.18 | 1.37 | — | 2.11 | — | — | 1.30 | 1.61 | 2.89 | 1.05 | — | — | 1.36 | — | 1.16 | — |
Based on: 10-K (reporting date: 2025-11-28), 10-K (reporting date: 2024-11-29), 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), 10-K (reporting date: 2017-12-01), 10-K (reporting date: 2016-12-02), 10-K (reporting date: 2015-11-27), 10-K (reporting date: 2014-11-28), 10-K (reporting date: 2013-11-29), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-12-02), 10-K (reporting date: 2010-12-03), 10-K (reporting date: 2009-11-27), 10-K (reporting date: 2008-11-28), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-12-01), 10-K (reporting date: 2005-12-02).
Comparison to Sector (Software & Services)
Adobe Inc., current ratio, long-term trends, comparison to sector (software & services)
| Adobe Inc. | Software & Services | |
|---|---|---|
| Nov 28, 2025 | 1.00 | — |
| Nov 29, 2024 | 1.07 | 1.20 |
| Dec 1, 2023 | 1.34 | 1.40 |
| Dec 2, 2022 | 1.11 | 1.44 |
| Dec 3, 2021 | 1.25 | 1.69 |
| Nov 27, 2020 | 1.48 | 1.92 |
| Nov 29, 2019 | 0.79 | 1.84 |
| Nov 30, 2018 | 1.13 | 2.23 |
| Dec 1, 2017 | 2.05 | 2.06 |
| Dec 2, 2016 | 2.08 | 2.03 |
| Nov 27, 2015 | 2.18 | 2.15 |
| Nov 28, 2014 | 1.85 | 2.01 |
| Nov 29, 2013 | 2.65 | 2.04 |
| Nov 30, 2012 | 3.41 | 1.84 |
| Dec 2, 2011 | 3.02 | 1.87 |
| Dec 3, 2010 | 3.01 | 1.61 |
| Nov 27, 2009 | 2.93 | 1.62 |
| Nov 28, 2008 | 3.59 | 1.36 |
| Nov 30, 2007 | 3.02 | 1.38 |
| Dec 1, 2006 | 4.26 | 1.53 |
| Dec 2, 2005 | 4.18 | 1.70 |
Based on: 10-K (reporting date: 2025-11-28), 10-K (reporting date: 2024-11-29), 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), 10-K (reporting date: 2017-12-01), 10-K (reporting date: 2016-12-02), 10-K (reporting date: 2015-11-27), 10-K (reporting date: 2014-11-28), 10-K (reporting date: 2013-11-29), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-12-02), 10-K (reporting date: 2010-12-03), 10-K (reporting date: 2009-11-27), 10-K (reporting date: 2008-11-28), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-12-01), 10-K (reporting date: 2005-12-02).
Comparison to Industry (Information Technology)
Adobe Inc., current ratio, long-term trends, comparison to industry (information technology)
| Adobe Inc. | Information Technology | |
|---|---|---|
| Nov 28, 2025 | 1.00 | — |
| Nov 29, 2024 | 1.07 | 1.24 |
| Dec 1, 2023 | 1.34 | 1.41 |
| Dec 2, 2022 | 1.11 | 1.37 |
| Dec 3, 2021 | 1.25 | 1.55 |
| Nov 27, 2020 | 1.48 | 1.71 |
| Nov 29, 2019 | 0.79 | 1.66 |
| Nov 30, 2018 | 1.13 | 1.88 |
| Dec 1, 2017 | 2.05 | 2.04 |
| Dec 2, 2016 | 2.08 | 2.01 |
| Nov 27, 2015 | 2.18 | 2.03 |
| Nov 28, 2014 | 1.85 | 1.97 |
| Nov 29, 2013 | 2.65 | 2.20 |
| Nov 30, 2012 | 3.41 | 2.07 |
| Dec 2, 2011 | 3.02 | 2.11 |
| Dec 3, 2010 | 3.01 | 2.01 |
| Nov 27, 2009 | 2.93 | 2.03 |
| Nov 28, 2008 | 3.59 | 1.80 |
| Nov 30, 2007 | 3.02 | 1.79 |
| Dec 1, 2006 | 4.26 | 1.85 |
| Dec 2, 2005 | 4.18 | 2.01 |
Based on: 10-K (reporting date: 2025-11-28), 10-K (reporting date: 2024-11-29), 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), 10-K (reporting date: 2017-12-01), 10-K (reporting date: 2016-12-02), 10-K (reporting date: 2015-11-27), 10-K (reporting date: 2014-11-28), 10-K (reporting date: 2013-11-29), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-12-02), 10-K (reporting date: 2010-12-03), 10-K (reporting date: 2009-11-27), 10-K (reporting date: 2008-11-28), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-12-01), 10-K (reporting date: 2005-12-02).