An adjustable torque limiting device includes a shank unit composed of first and second shanks coaxially and rotatably connected to each other, a carrier unit mounted between the shanks and having axially facing bearing regions and radially facing detent regions which cooperatively define cavities for receiving detent bodies, respectively, so as to transmit a straining force emanating from the detent regions to the detent bodies, a force transmitting member movably mounted on the shank unit and frictionally engaged with the detent bodies, an adjusting assembly turnable to axially move the force-counteracting member, and a compressible biasing member disposed between the force-counteracting member and the adjusting assembly to exert a preloaded force against the straining force.