Intuit Inc (INTU)
Cash ratio
| Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 3,609,000 | 4,215,000 | 1,474,000 | 1,734,000 | 2,848,000 | 3,745,000 | 1,547,000 | 2,125,000 | 2,796,000 | 3,531,000 | 1,257,000 | 2,864,000 | 2,562,000 | 3,164,000 | 1,952,000 | 5,174,000 | 6,442,000 | 3,371,000 | 1,641,000 | 1,630,000 |
| Short-term investments | US$ in thousands | 465,000 | 463,000 | 15,000 | 537,000 | 814,000 | 523,000 | 524,000 | 599,000 | 485,000 | 373,000 | 157,000 | 386,000 | 1,308,000 | 952,000 | 786,000 | 619,000 | 608,000 | 600,000 | 625,000 | 625,000 |
| Total current liabilities | US$ in thousands | 7,491,000 | 6,163,000 | 6,216,000 | 4,996,000 | 3,790,000 | 4,415,000 | 3,862,000 | 3,325,000 | 3,630,000 | 3,591,000 | 2,968,000 | 2,138,000 | 2,655,000 | 2,712,000 | 2,677,000 | 2,152,000 | 3,529,000 | 2,713,000 | 2,204,000 | 1,757,000 |
| Cash ratio | 0.54 | 0.76 | 0.24 | 0.45 | 0.97 | 0.97 | 0.54 | 0.82 | 0.90 | 1.09 | 0.48 | 1.52 | 1.46 | 1.52 | 1.02 | 2.69 | 2.00 | 1.46 | 1.03 | 1.28 |
July 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,609,000K
+ $465,000K)
÷ $7,491,000K
= 0.54
The cash ratio for Intuit Inc has displayed fluctuations over the periods provided in the table. The cash ratio is a liquidity ratio that evaluates a company's ability to cover its short-term liabilities with its cash and cash equivalents.
From the data, we observe that the cash ratio has ranged from a low of 0.24 to a high of 2.69 over the past few periods. A cash ratio above 1 indicates that the company has sufficient cash to cover its current liabilities, while a ratio below 1 suggests potential liquidity issues.
Intuit's cash ratio has shown variability, indicating fluctuations in the company's cash position relative to its short-term obligations. It is notable that the ratio reached its highest point in the period ending October 31, 2020, at 2.69, suggesting strong liquidity at that time. On the other hand, the lowest recorded ratio of 0.24 was seen in the period ending January 31, 2024, which may raise concerns about the company's ability to meet its short-term obligations with available cash.
Overall, fluctuations in Intuit's cash ratio warrant further examination to understand the factors contributing to these variations and to assess the company's liquidity management practices.
Peer comparison
Jul 31, 2024